Single-Story Duplex with
For Sale
$404,000
214 Stone Gate, New Braunfels, TX 78130
Fully leased, professionally managed duplex with open-concept interiors and a fenced backyard.
Property Size2,441 SF
Price / SF$165.51
Days on Market89
Property Features for 214 Stone Gate
General Information
Standard status
Active
Size
2,441 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
fenced backyard
Building Details
Year Built
2014
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Signature Real Estate
Listed By:
Erion Shehaj · License #0516948
(713) 952-3200
Source:
Mlsluxurygroup
Added: Jul 21
Changed: Oct 11
Last Checked: Oct 7 at 1:12PM
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 Signature Real Estate
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Investment Insights
Based on property information with market context.
Built in 2014, this 2,441-square-foot duplex contains two units within a single-story layout. Each unit features an open-concept design, high ceilings, and stained concrete flooring. The property is fully leased, and both units are professionally managed.
A two-car garage and fully fenced backyard provide practical on-site amenities for residents. The property is located near HWY 46 and I35 in New Braunfels, offering access to major routes.
A two-car garage and fully fenced backyard provide practical on-site amenities for residents. The property is located near HWY 46 and I35 in New Braunfels, offering access to major routes.
Key Highlights
- 2,441‑square‑foot duplex built in 2014
- Both units are fully leased and professionally managed
- Single‑story design with open‑concept layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,051
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,020
$501.0K
Cap Rate 7%
$357,871
$357.9K
Cap Rate 9%
$278,344
$278.3K
Market Conditions
NOI Build-Up for 2,441 SF
Gross rent
$39.5K $16.20/SF
− Vacancy
−$3.8K −$1.54/SF
EGI
$35.8K $14.66/SF
− OpEx
−$10.7K −$4.40/SF
NOI
$25.1K $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%
$501,020
Cap Rate 7%
$357,871
Cap Rate 9%
$278,344
Alternative Uses
Best Use
Multifamily LT 5
$357.9K
$313.1K – $417.5K
NOI $25,051 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$310.7K
$271.9K – $362.5K
NOI $21,749 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$622.7K
$544.8K – $726.4K
NOI $43,586 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
177
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased, professionally managed duplex with open-concept interiors and a fenced backyard.
Where is this duplex located?
The property is located at 214 Stone Gate New Braunfels, TX.
What is the asking price?
The asking price for this property is $404,000.
What are key features of this property?
This property features: 2,441‑square‑foot duplex built in 2014; Both units are fully leased and professionally managed; Single‑story design with open‑concept layouts
