New Braunfels Multifamily Investment
3029 Green Mountain New Braunfels, TX 78130
3029 Green Mountain, New Braunfels, TX, 78130
$425,000
For Sale
$425,000
MULTI_FAMILY - New Braunfels, TX
Property Size1,387 SF
Price / SF$306.42
Days on Market51
Property Features for 3029 Green Mountain
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,387 SF
Taxes and HOA fees
- Tax Annual Amount
- 7120
Building Details
- Year built
- 2001
Listing Agency
San Antonio Portfolio KW RE
(210) 698-9996
23702 Frontage Road IH10 W, San Antonio, TX
Listed by
Cindy Bachicha
(210) 696-9996
Added: May 29 Checked: Jul 18 at 9:06 am
MLS# 1938215
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 multifamily property in New Braunfels, Texas, presents an investment opportunity. Each of the units features 3 bedrooms and 2 bathrooms, with each unit offering 1387 square feet of living space. The property is well-maintained and currently generates income. Located in a desirable area, the property provides convenient access to both San Antonio and Austin. Updates to the property include a new AC unit, a recent hot water heater, and vinyl wood flooring. Each unit includes a fenced backyard.
Key Highlights
- Income‑producing property in a desirable location.
- Two well‑maintained units, each with 3 bedrooms and 2 baths.
- Convenient access to both San Antonio and Austin.
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 | $22.5k | $16.20 |
| − Vacancy | −$2.1k | −$1.54 |
| EGI | $20.3k | $14.66 |
| − OpEx | −$6.1k | −$4.40 |
| NOI | $14.2k | $10.26 |
1,387 SF · lease $16.20/SF/yr · vacancy 9.50% · expense 30.00%
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 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 - Income-producing duplex in a desirable location with easy access.
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: Income‑producing property in a desirable location.; Two well‑maintained units, each with **3 bedrooms and 2 baths.**; Convenient access to both San Antonio and Austin.
