Duplex with Fenced Side
For Sale
$329,999
1506 Eichen Rd, New Braunfels, TX 78130
Two-unit property with a gated side yard, metal shed, and additional outdoor space for parking or work use.
Property Size1,742 SF
Price / SF$189.44
Days on Market69
Property Features for 1506 Eichen Rd
General Information
Standard status
Active
Size
1,742 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
minor touch ups
Additional Details
Multifamily Units
2
Amenities
large metal shed
swing set
chain link fence
Building Details
Year Built
1971
Listing Agency:
Vortex Realty
Listed By:
Michelle Barre
(210) 289-1346
Source:
Drialtor
Added: Aug 9
Changed: Oct 5
Last Checked: Oct 7 at 5:32PM
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
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Investment Insights
Based on property information with market context.
This duplex contains 1,742 square feet and was built in 1971. The property includes two separate units, with Unit 2 offering a notably large side yard enclosed by chain-link fencing. A wide gated opening provides access into that outdoor area, which also includes a large metal shed and space for additional parking, work activities, gatherings, or a garden area.
Unit 1 is identified at 1506 Eichen, while Unit 2 is identified at 1508. The rear yard of Unit 2 faces a middle school yard. Interior cleanup and minor exterior touch-ups are in progress, and Unit 2 still contains furniture.
Unit 1 is identified at 1506 Eichen, while Unit 2 is identified at 1508. The rear yard of Unit 2 faces a middle school yard. Interior cleanup and minor exterior touch-ups are in progress, and Unit 2 still contains furniture.
Key Highlights
- 1,742‑square‑foot duplex built in 1971
- Two‑unit configuration supports occupying one side while renting the other
- Unit 2 includes the community’s largest side yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,878
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,560
$357.6K
Cap Rate 7%
$255,400
$255.4K
Cap Rate 9%
$198,644
$198.6K
Market Conditions
NOI Build-Up for 1,742 SF
Gross rent
$28.2K $16.20/SF
− Vacancy
−$2.7K −$1.54/SF
EGI
$25.5K $14.66/SF
− OpEx
−$7.7K −$4.40/SF
NOI
$17.9K $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%
$357,560
Cap Rate 7%
$255,400
Cap Rate 9%
$198,644
Alternative Uses
Best Use
Multifamily LT 5
$255.4K
$223.5K – $298.0K
NOI $17,878 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$221.7K
$194.0K – $258.7K
NOI $15,521 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$444.4K
$388.8K – $518.4K
NOI $31,105 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with a gated side yard, metal shed, and additional outdoor space for parking or work use.
Where is this duplex located?
The property is located at 1506 Eichen Rd New Braunfels, TX.
What is the asking price?
The asking price for this property is $329,999.
What are key features of this property?
This property features: 1,742‑square‑foot duplex built in 1971; Two‑unit configuration supports occupying one side while renting the other; Unit 2 includes the community’s largest side yard
