Two-Unit Duplex Investment
3017 GREEN MOUNTAIN DR New Braunfels, TX 78130
New
3017 GREEN MOUNTAIN DR, New Braunfels, TX, 78130
$415,000
For Sale
$415,000
MULTI_FAMILY - New Braunfels, TX
Property Size2,199 SF
Lot Size0.18 Acres
Price / SF$188.72
Days on Market5
Property Features for 3017 GREEN MOUNTAIN DR
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,199 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7036
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2004
Listing Agency
Home Team of America
(210) 490-8000
16719 Huebner Rd, TX
Listed by
Edwin Perdomo
(281) 496-7500
Added: Jul 14 Checked: Jul 18 at 8:06 am
MLS# 1999895
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.
This well-maintained duplex offers two separate residences with private entrances, fenced backyards, and separate living spaces. Unit mix includes one 3-bedroom, 2-bath home with a two-car garage and one 2-bedroom, 2-bath home with a one-car garage. Both units feature open floor plans with spacious living and dining areas, stained concrete flooring, and functional kitchens.
The property is located in the Evergreen Village subdivision on a quiet cul-de-sac, with ample parking and mature trees. It provides convenient access to IH-35 as well as nearby shopping, restaurants, schools, and other destinations in New Braunfels.
Offered for sale as an income-producing duplex, both units are currently occupied. For owner-occupant buyers, one unit can be delivered vacant at close of escrow while maintaining rental income from the other unit.
The property is located in the Evergreen Village subdivision on a quiet cul-de-sac, with ample parking and mature trees. It provides convenient access to IH-35 as well as nearby shopping, restaurants, schools, and other destinations in New Braunfels.
Offered for sale as an income-producing duplex, both units are currently occupied. For owner-occupant buyers, one unit can be delivered vacant at close of escrow while maintaining rental income from the other unit.
Key Highlights
- Duplex built in 2004 with central air
- One 3‑bedroom, 2‑bath unit with a two‑car garage and private entrance
- One 2‑bedroom, 2‑bath unit with a one‑car garage and private entrance
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 | $35.6k | $16.20 |
| − Vacancy | −$3.4k | −$1.54 |
| EGI | $32.2k | $14.66 |
| − OpEx | −$9.7k | −$4.40 |
| NOI | $22.6k | $10.26 |
2,199 SF · lease $16.20/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$322.4K
$282.1K – $376.1K
NOI $22,568 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$279.9K
$244.9K – $326.6K
NOI $19,593 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$560.9K
$490.8K – $654.4K
NOI $39,265 @ 7.0% cap · market cap 9.46%
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 with two private entrances, each unit having its own fenced backyard and garage.
Where is this duplex located?
The property is located at 3017 GREEN MOUNTAIN DR New Braunfels, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Duplex built in 2004 with central air; One 3‑bedroom, 2‑bath unit with a two‑car garage and private entrance; One 2‑bedroom, 2‑bath unit with a one‑car garage and private entrance
