Two-Unit Duplex
For Sale
$279,000
1521 Eichen, New Braunfels, TX 78130
Two-bedroom units near Goodwin Frazier Elementary support a straightforward residential rental configuration.
Property Size1,800 SF
Price / SF$155
Days on Market72
Property Features for 1521 Eichen
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1985
Buildings
1
Listing Agency:
GIC Properties
Listed By:
Robert Libby
(210) 821-1122
Source:
Drialtor
Added: Jul 28
Changed: Sep 22
Last Checked: Oct 5 at 9:21PM
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 GIC Properties
Investment Insights
Based on property information with market context.
This 1,800-square-foot duplex, built in 1985, contains two separate units with functional two-bedroom layouts. One unit is leased on a month-to-month basis, providing flexibility within the existing occupancy structure.
The property is located at 1521 Eichen in New Braunfels, near Goodwin Frazier Elementary. The listing agent has an ownership interest in the property, and tenant privacy should be respected during any inspection or visit.
The property is located at 1521 Eichen in New Braunfels, near Goodwin Frazier Elementary. The listing agent has an ownership interest in the property, and tenant privacy should be respected during any inspection or visit.
Key Highlights
- Two‑unit duplex with 1,800 square feet
- Both units feature functional 2‑bedroom floorplans
- One unit is occupied on a month‑to‑month basis
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,473
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,460
$369.5K
Cap Rate 7%
$263,900
$263.9K
Cap Rate 9%
$205,256
$205.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$29.2K $16.20/SF
− Vacancy
−$2.8K −$1.54/SF
EGI
$26.4K $14.66/SF
− OpEx
−$7.9K −$4.40/SF
NOI
$18.5K $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%
$369,460
Cap Rate 7%
$263,900
Cap Rate 9%
$205,256
Alternative Uses
Best Use
Multifamily LT 5
$263.9K
$230.9K – $307.9K
NOI $18,473 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$229.1K
$200.5K – $267.3K
NOI $16,038 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$459.1K
$401.8K – $535.7K
NOI $32,140 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units near Goodwin Frazier Elementary support a straightforward residential rental configuration.
Where is this duplex located?
The property is located at 1521 Eichen New Braunfels, TX.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,800 square feet; Both units feature functional 2‑bedroom floorplans; One unit is occupied on a month‑to‑month basis
