Duplex with Separate Utility
For Sale
$309,000
1502 Eichen Rd, New Braunfels, TX 78130
Two individually entered units each include a garage and full kitchen.
Property Size1,818 SF
Price / SF$169.97
Days on Market74
Property Features for 1502 Eichen Rd
General Information
Standard status
Active
Size
1,818 SF
Property subtype
Multi-Family
Building Details
Year Built
1971
Listing Agency:
Anders Pierce Realty
Listed By:
Kyle Ritter · License #0790743
(830) 998-4412
Source:
Mlsluxurygroup
Added: Aug 5
Changed: Oct 2
Last Checked: Oct 7 at 1:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Anders Pierce Realty
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Investment Insights
Based on property information with market context.
This 1,818-square-foot duplex, built in 1971, contains a three-bedroom, one-bath residence and a two-bedroom, one-bath residence. Both units have private entrances, complete kitchens, full bathrooms, attached single-car garages, and separate driveways. Wood-look flooring, neutral paint, ceiling fans, double closets, and tub/shower combinations are present throughout. The larger unit is vacant and ready for occupancy, while the other is leased.
The property occupies a 0.26-acre corner lot at 1502 Eichen Rd in New Braunfels. Mature pecan trees, a screened covered porch, concrete patio, and privacy fencing provide outdoor amenities. Electric, water, sewer, and garbage are separately metered for each residence. The duplex is located minutes from I-35, downtown New Braunfels, and the Comal and Guadalupe Rivers, within Comal County and Comal ISD.
The property occupies a 0.26-acre corner lot at 1502 Eichen Rd in New Braunfels. Mature pecan trees, a screened covered porch, concrete patio, and privacy fencing provide outdoor amenities. Electric, water, sewer, and garbage are separately metered for each residence. The duplex is located minutes from I-35, downtown New Braunfels, and the Comal and Guadalupe Rivers, within Comal County and Comal ISD.
Key Highlights
- 1,818‑square‑foot duplex on a 0.26‑acre corner lot
- Three‑bedroom, one‑bath unit paired with a two‑bedroom, one‑bath unit
- One residence is vacant; the other is leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,658
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,160
$373.2K
Cap Rate 7%
$266,543
$266.5K
Cap Rate 9%
$207,311
$207.3K
Market Conditions
NOI Build-Up for 1,818 SF
Gross rent
$29.5K $16.20/SF
− Vacancy
−$2.8K −$1.54/SF
EGI
$26.7K $14.66/SF
− OpEx
−$8.0K −$4.40/SF
NOI
$18.7K $10.26/SF
Area
Comal County, TX
Vacancy
9.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,160
Cap Rate 7%
$266,543
Cap Rate 9%
$207,311
Alternative Uses
Best Use
Multifamily LT 5
$266.5K
$233.2K – $311.0K
NOI $18,658 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$231.4K
$202.5K – $270.0K
NOI $16,198 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$463.7K
$405.8K – $541.0K
NOI $32,462 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Explore this area
Business Placement
Demographics for 78130, TX
88,349
Population
40,810
Households
2.2
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
91.0 sq mi
ZIP Area
971
Density / Sq Mi
$84,426
Median Household Income
$45,253
Median Earnings
$1,525
Median Rent
$296,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two individually entered units each include a garage and full kitchen.
Where is this duplex located?
The property is located at 1502 Eichen Rd New Braunfels, TX.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: 1,818‑square‑foot duplex on a 0.26‑acre corner lot; Three‑bedroom, one‑bath unit paired with a two‑bedroom, one‑bath unit; One residence is vacant; the other is leased
