Duplex with Attached
New
For Sale
$435,000
198 -200 Joanne, New Braunfels, TX 78130
Two separate residences offer private outdoor areas and independent electric and water service.
Property Size2,650 SF
Price / SF$164.15
Days on Market3
Property Features for 198 -200 Joanne
General Information
Standard status
Active
Size
2,650 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Multifamily Units
2
Parking per Unit
2
Additional Details
Highway Access
Yes
Amenities
Stained Concrete
Electric
2
Separate Electric,Separate Water
Composition
Brick,Siding
0.235
Slab
City
Covered Patio
Building Details
Building Size
2,650 SF
Year Built
2016
Buildings
1
Listing Agency:
SERHANT
(210) 289-3023
Listed By:
Karen Wurzbach
Source:
Malouffrealty
Added: Oct 29
Last Checked: Oct 29 at 2:35PM
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 SERHANT
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Investment Insights
Based on property information with market context.
Built in 2016, this duplex contains two residences, each with more than 1,300 square feet, three bedrooms, two bathrooms and an attached two-car garage. Both units have open layouts, high ceilings, covered patios and private backyards. Separate electric and water service serve the units.
The property is near I-35, downtown New Braunfels and Gruene, with access to shopping, dining and entertainment. The building measures 2,650 square feet and sits on a 0.235-acre lot.
The property is near I-35, downtown New Braunfels and Gruene, with access to shopping, dining and entertainment. The building measures 2,650 square feet and sits on a 0.235-acre lot.
Key Highlights
- Two units, each with more than 1,300 square feet
- Each residence has 3 bedrooms, 2 bathrooms and an attached 2‑car garage
- Built in 2016; total building area is 2,650 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,196
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,920
$543.9K
Cap Rate 7%
$388,514
$388.5K
Cap Rate 9%
$302,178
$302.2K
Market Conditions
NOI Build-Up for 2,650 SF
Gross rent
$42.9K $16.20/SF
− Vacancy
−$4.1K −$1.54/SF
EGI
$38.9K $14.66/SF
− OpEx
−$11.7K −$4.40/SF
NOI
$27.2K $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%
$543,920
Cap Rate 7%
$388,514
Cap Rate 9%
$302,178
Alternative Uses
Best Use
Multifamily LT 5
$388.5K
$340.0K – $453.3K
NOI $27,196 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$337.3K
$295.2K – $393.5K
NOI $23,612 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$676.0K
$591.5K – $788.6K
NOI $47,318 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
118
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer private outdoor areas and independent electric and water service.
Where is this duplex located?
The property is located at 198 -200 Joanne New Braunfels, TX.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two units, each with more than 1,300 square feet; Each residence has 3 bedrooms, 2 bathrooms and an attached 2‑car garage; Built in 2016; total building area is 2,650 square feet
