Updated Two-Unit
For Sale
$425,000
3029 Green Mountain, New Braunfels, TX 78130
Two residential units feature vinyl wood flooring, updated mechanical systems, and fenced backyard space.
Property Size1,387 SF
Price / SF$306.42
Days on Market85
Property Features for 3029 Green Mountain
General Information
Standard status
Active
Size
1,387 SF
Property subtype
Multi-Family
Amenities
fenced back yard
Building Details
Year Built
2001
Listing Agency:
San Antonio Portfolio KW RE
Listed By:
Cindy Bachicha
(210) 218-7681
Source:
Texashomeguide
Added: Jul 25
Changed: Oct 1
Last Checked: Oct 7 at 5:05PM
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 San Antonio Portfolio KW RE
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Investment Insights
Based on property information with market context.
This duplex, built in 2001, contains two residential units with a consistent three-bedroom, two-bath layout. Each unit measures 1,387 square feet and includes vinyl wood flooring, a new AC unit, and a recent hot water heater. Fenced backyard space is also provided.
The property is located in New Braunfels with access to San Antonio and Austin. Its two-unit configuration and established improvements create a straightforward residential income property profile.
The property is located in New Braunfels with access to San Antonio and Austin. Its two-unit configuration and established improvements create a straightforward residential income property profile.
Key Highlights
- Two‑unit duplex built in 2001
- Each unit offers 3 bedrooms and 2 baths
- Each unit measures 1,387 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,234
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,680
$284.7K
Cap Rate 7%
$203,343
$203.3K
Cap Rate 9%
$158,156
$158.2K
Market Conditions
NOI Build-Up for 1,387 SF
Gross rent
$22.5K $16.20/SF
− Vacancy
−$2.1K −$1.54/SF
EGI
$20.3K $14.66/SF
− OpEx
−$6.1K −$4.40/SF
NOI
$14.2K $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%
$284,680
Cap Rate 7%
$203,343
Cap Rate 9%
$158,156
Alternative Uses
Best Use
Multifamily LT 5
$203.3K
$177.9K – $237.2K
NOI $14,234 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$176.5K
$154.5K – $206.0K
NOI $12,358 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$353.8K
$309.6K – $412.8K
NOI $24,766 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
197
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 - Two residential units feature vinyl wood flooring, updated mechanical systems, and fenced backyard space.
Where is this duplex located?
The property is located at 3029 Green Mountain New Braunfels, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2001; Each unit offers 3 bedrooms and 2 baths; Each unit measures 1,387 square feet
