Two-Story Duplex with
New
For Sale
$397,000
3013/3015 Green Mountain Drive, New Braunfels, TX 78130
Two separately serviced residences include private outdoor space and dedicated laundry areas.
Property Size2,428 SF
Price / SF$163.51
Days on Market4
Property Features for 3013/3015 Green Mountain Drive
General Information
Standard status
Active
Size
2,428 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2.5BA
Multifamily Units
2
Amenities
Ceramic Tile,Vinyl
Electric
1
2
Separate Electric,Separate Water
Composition
Brick,Vinyl
0.216
Slab
Septic,City
Covered Patio,Mature Trees,Level
Building Details
Building Size
2,428 SF
Year Built
2003
Buildings
1
Stories
2
Listing Agency:
Keller Williams Heritage
(830) 237-1358
Listed By:
Pam Smartt
(210) 493-3030
Source:
Malouffrealty
Added: Oct 29
Last Checked: Oct 29 at 2:37PM
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 Keller Williams Heritage
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Investment Insights
Based on property information with market context.
Built in 2003, this two-story duplex contains 2,428 square feet across two residences. Each side has two bedrooms, two full bathrooms, a half bath, and a one-car garage. Open living, dining, and kitchen areas occupy the main level, along with a utility room and laundry area. Upstairs, the primary bedrooms include walk-in closets and en-suite baths. Kitchen finishes differ between units, with granite counters in one and laminate counters in the other.
Separate electric and water service is provided for each residence. The exterior includes two fenced backyards, covered concrete patios, mature trees, and a long concrete driveway for off-street parking.
Separate electric and water service is provided for each residence. The exterior includes two fenced backyards, covered concrete patios, mature trees, and a long concrete driveway for off-street parking.
Key Highlights
- 2,428‑square‑foot duplex built in 2003
- Two residences, each with 2 bedrooms, 2 full baths, a half bath, and a one‑car garage
- Separate electric and water service for each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,918
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,360
$498.4K
Cap Rate 7%
$355,971
$356.0K
Cap Rate 9%
$276,867
$276.9K
Market Conditions
NOI Build-Up for 2,428 SF
Gross rent
$39.3K $16.20/SF
− Vacancy
−$3.7K −$1.54/SF
EGI
$35.6K $14.66/SF
− OpEx
−$10.7K −$4.40/SF
NOI
$24.9K $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%
$498,360
Cap Rate 7%
$355,971
Cap Rate 9%
$276,867
Alternative Uses
Best Use
Multifamily LT 5
$356.0K
$311.5K – $415.3K
NOI $24,918 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$309.0K
$270.4K – $360.6K
NOI $21,633 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$619.3K
$541.9K – $722.6K
NOI $43,354 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
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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 separately serviced residences include private outdoor space and dedicated laundry areas.
Where is this duplex located?
The property is located at 3013/3015 Green Mountain Drive New Braunfels, TX.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: 2,428‑square‑foot duplex built in 2003; Two residences, each with 2 bedrooms, 2 full baths, a half bath, and a one‑car garage; Separate electric and water service for each side
