Two-Unit Duplex with Fenced
1506 Eichen Rd, New Braunfels, TX 78130
For Sale
$275,999
Multi-Family (2-8 Units), New Braunfels, TX
Property Size1,742 SF
Lot Size0.26 Acres
Price / SF$158.44
Days on Market204
Property Features for 1506 Eichen Rd
General Information
Property type
Property subtype
Zoning
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Buildings
Listing Agency:
Vortex Realty
(210) 647-6557
Listed By:
Michelle Barre
(210) 867-7700
Added: Apr 18
Changed: Nov 4
Last Checked: Nov 7 at 12:06PM
MLS# 1940531
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1971 duplex contains two units within 1,742 square feet. The property occupies 0.26 acres and is zoned RESIDENTIAL. Unit 2 includes a fenced side yard with a wide double gate, a metal shed, and additional parking space. Contractors are scheduled to handle interior cleanup and minor exterior touch-ups while tenant cleanup proceeds.
Key Highlights
- Two‑unit duplex totaling 1,742 square feet
- 0.26‑acre lot, zoned RESIDENTIAL
- Built in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,878
Cap Rate
6.48%
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 6.48%
Second Best
Apartment 5plus
$221.7K
$194.0K – $258.7K
NOI $15,521 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$444.4K
$388.8K – $518.4K
NOI $31,105 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Fenced yard
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
$296,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in New Braunfels, TX
Properties on Market for Duplexes in New Braunfels
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A gated side yard with a metal shed provides outdoor storage and space for vehicle access.
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 $275,999.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,742 square feet; 0.26‑acre lot, zoned RESIDENTIAL; Built in 1971
