New Braunfels Duplex
2242 Eastman New Braunfels, TX 78130
2242 Eastman, New Braunfels, TX, 78130
$365,000
Pending
For Sale
$365,000
Pending
MULTI_FAMILY - New Braunfels, TX
Property Size2,511 SF
Lot Size0.62 Acres
Days on Market52
Property Features for 2242 Eastman
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Pending
- Size
- 2,511 SF
- Lot size
- 0.62 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5956
Building Details
- Year built
- 1995
Listing Agency
Wakefield, REALTORS
(210) 490-7039
17020 San Pedro, Ste 100, San Antonio, TX
Listed by
Cody Wakefield
(210) 490-7039
Added: May 28 Checked: Jul 18 at 10:06 am
MLS# 1958993
Listing URL
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.
Investment Insights
Based on property information with market context.
Located in New Braunfels, TX, this duplex at 2242 Eastman presents a versatile investment and owner-occupant opportunity. Constructed in 1995, the property features a total of 2,511 square feet. Each of the two units includes 3 bedrooms and 2 full bathrooms. The property is situated on an oversized 0.617-acre lot that allows for RV parking or the construction of an additional multi-unit property. One unit is currently leased, providing immediate rental income. The second unit is vacant and move-in ready. The property's setup makes it eligible for owner-occupied financing options such as FHA or VA loans. Each unit offers generous living spaces, well-proportioned bedrooms, and practical floor plans. The property is located in the heart of New Braunfels, with easy access to local amenities, shopping, dining, and major thoroughfares.
Key Highlights
- Owner‑occupant opportunity: one unit vacant and move‑in ready, generate rental income from the other unit.
- Eligible for owner‑occupied financing options (FHA/VA loans).
- Duplex with two spacious units, each featuring 3 bedrooms and 2 full bathrooms.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.7k | $16.20 |
| − Vacancy | −$3.9k | −$1.54 |
| EGI | $36.8k | $14.66 |
| − OpEx | −$11.0k | −$4.40 |
| NOI | $25.8k | $10.26 |
2,511 SF · lease $16.20/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$368.1K
$322.1K – $429.5K
NOI $25,770 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$319.6K
$279.7K – $372.9K
NOI $22,373 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$640.5K
$560.5K – $747.3K
NOI $44,836 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex in New Braunfels with strong rental potential.
Where is this duplex located?
The property is located at 2242 Eastman New Braunfels, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Owner‑occupant opportunity: one unit vacant and move‑in ready, generate rental income from the other unit.; Eligible for owner‑occupied financing options (FHA/VA loans).; Duplex with two spacious units, each featuring 3 bedrooms and 2 full bathrooms.
