Duplex with Gated Side
1506 Eichen Road New Braunfels, TX 78130
For Sale
$349,999
Each unit shares a duplex setup, with Unit 2 featuring an enclosed chain-link side yard and gated drive access.
Property Size1,742 SF
Price / SF$200.92
Days on Market176
Property Features for 1506 Eichen Road
General Information
- Standard status
- Active
- Size
- 1,742 SF
- Property subtype
- Multi-Family / One Story
Building Details
- Year Built
- 1971
Listing Agency:
Vortex Realty
(210) 289-1346
Listed By:
Michelle Barre
(210) 289-1346
Source:
Compass
Added: Feb 1
Changed: Jul 21
Last Checked: Jul 26 at 1:34PM
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 Vortex Realty
Investment Insights
Based on property information with market context.
This duplex offers two separate units, with Unit 2 including an enclosed side yard behind chain-link fencing. The side yard is accessed via large double-opening gate/doors and includes drive-in capability, plus a large metal shed. The configuration is set up to support additional work space, family gatherings, or outdoor use, with a fenced yard that backs to the middle school yard.
Unit 1 is referenced with photos only, while Unit 2 still has furniture in place and is not shown as-ready at this time. Contractors are scheduled to complete interior clean-up and minor exterior touch-ups, so cleanliness and condition may change during the work period.
Unit 1 is referenced with photos only, while Unit 2 still has furniture in place and is not shown as-ready at this time. Contractors are scheduled to complete interior clean-up and minor exterior touch-ups, so cleanliness and condition may change during the work period.
Key Highlights
- Duplex with two units (1506 and 1508 Eichen) with shared duplex setup
- Unit 2 (1508) includes an enclosed chain‑link side yard with gated drive access and large double gate/doors
- Unit 2 features a large side yard and additional on‑site options such as extra parking and a large metal shed
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.2k | $16.20 |
| − Vacancy | −$2.7k | −$1.54 |
| EGI | $25.5k | $14.66 |
| − OpEx | −$7.7k | −$4.40 |
| NOI | $17.9k | $10.26 |
1,742 SF · lease $16.20/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$255.4K
$223.5K – $298.0K
NOI $17,878 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$221.7K
$194.0K – $258.7K
NOI $15,521 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$444.4K
$388.8K – $518.4K
NOI $31,105 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Each unit shares a duplex setup, with Unit 2 featuring an enclosed chain-link side yard and gated drive access.
Where is this duplex located?
The property is located at 1506 Eichen Road New Braunfels, TX.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: Duplex with two units (1506 and 1508 Eichen) with shared duplex setup; Unit 2 (1508) includes an enclosed chain‑link side yard with gated drive access and large double gate/doors; Unit 2 features a large side yard and additional on‑site options such as extra parking and a large metal shed
