New Braunfels Multifamily Investment
For Sale
$425,000
3029 Green Mountain, New Braunfels, TX 78130
MULTI_FAMILY - New Braunfels, TX
Property Size1,387 SF
Price / SF$306.42
Days on Market68
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
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
Last Checked: Aug 4 at 2:06AM
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.
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.
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 authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
