Three-Bedroom
For Sale
$425,000
3029 Green Mountain, New Braunfels, TX 78130
Multi-Family (2-8 Units), New Braunfels, TX
Property Size1,387 SF
Price / SF$306.42
Days on Market142
Property Features for 3029 Green Mountain
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Morningside
Elementary school district
Comal
Middle school district
Comal
High school district
Comal
Subdivision
1300
Standard status
Active
Size
1,387 SF
Taxes and HOA fees
Tax Annual Amount
7120
Amenities
fenced backyard
Building Details
Year built
2001
Listing Agency:
San Antonio Portfolio KW RE · Keller Williams Realty
(210) 698-9996
Listed By:
Cindy Bachicha
(210) 696-9996
Added: May 29
Changed: Aug 19
Last Checked: Oct 17 at 8:06AM
MLS# 1938215
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.
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Investment Insights
Based on property information with market context.
This duplex includes two residential units, with each unit offering three bedrooms, two bathrooms, and 1387 square feet of living area. The property was built in 2001 and includes a new AC unit, a recent hot water heater, and vinyl wood flooring. A fenced backyard adds an outdoor feature to the property, which is described as income producing.
Located at 3029 Green Mountain in New Braunfels, the property provides access to both San Antonio and Austin. The 78130 address is in Comal County, placing the duplex within the New Braunfels market.
Located at 3029 Green Mountain in New Braunfels, the property provides access to both San Antonio and Austin. The 78130 address is in Comal County, placing the duplex within the New Braunfels market.
Key Highlights
- Two‑unit duplex with three bedrooms and two bathrooms per unit
- Each unit measures 1387 square feet
- Built in 2001
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 - Each unit offers three bedrooms, two baths, and access to a fenced backyard.
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 with three bedrooms and two bathrooms per unit; Each unit measures 1387 square feet; Built in 2001
