Duplex Property with Mature
For Sale
$305,000
218 Redbud Lane, New Braunfels, TX 78130
Two-unit residential income property with mature trees and durable linoleum and laminate finishes.
Property Size1,887 SF
Price / SF$161.63
Days on Market270
Property Features for 218 Redbud Lane
General Information
Standard status
Active
Size
1,887 SF
Property subtype
Multi-Family / One Story
Net Operating Income
$24,080
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,720
Amenities
Linoleum, Laminate
Composition
Slab
Conventional, FHA, VA, Cash, Investors OK
Mature Trees
Building Details
Year Built
1985
Listing Agency:
Texas Home Genie
Listed By:
Genevieve Vincent
(830) 515-6135
Source:
Compass
Added: Jan 10
Changed: Oct 6
Last Checked: Oct 5 at 8:48PM
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 Texas Home Genie
Investment Insights
Based on property information with market context.
This duplex property contains 1,887 square feet and was constructed in 1985. Interior finishes include linoleum and laminate, while the exterior features composition materials, a slab foundation, and mature trees. The property is classified as a duplex within the multifamily and residential income categories.
The property is located in New Braunfels, with access to I-35 and proximity to downtown and the Gruene district. Conventional, FHA, VA, cash, and investor financing are identified as acceptable transaction types.
The property is located in New Braunfels, with access to I-35 and proximity to downtown and the Gruene district. Conventional, FHA, VA, cash, and investor financing are identified as acceptable transaction types.
Key Highlights
- 1,887‑square‑foot duplex property
- Built in 1985
- Mature trees on the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,366
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,320
$387.3K
Cap Rate 7%
$276,657
$276.7K
Cap Rate 9%
$215,178
$215.2K
Market Conditions
NOI Build-Up for 1,887 SF
Gross rent
$30.6K $16.20/SF
− Vacancy
−$2.9K −$1.54/SF
EGI
$27.7K $14.66/SF
− OpEx
−$8.3K −$4.40/SF
NOI
$19.4K $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%
$387,320
Cap Rate 7%
$276,657
Cap Rate 9%
$215,178
Alternative Uses
Best Use
Multifamily LT 5
$276.7K
$242.1K – $322.8K
NOI $19,366 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$240.2K
$210.2K – $280.2K
NOI $16,813 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$481.3K
$421.2K – $561.6K
NOI $33,694 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
465
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with mature trees and durable linoleum and laminate finishes.
Where is this duplex located?
The property is located at 218 Redbud Lane New Braunfels, TX.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 1,887‑square‑foot duplex property; Built in 1985; Mature trees on the property
