Updated Duplex with
For Sale
$369,000
306 Dietert Ln #103 & 104, Canyon Lake, TX 78133
Two-story units feature private bedroom baths and association-maintained exteriors.
Property Size2,552 SF
Price / SF$144.59
Days on Market72
Property Features for 306 Dietert Ln #103 & 104
General Information
Standard status
Active
Size
2,552 SF
Property subtype
Multi-Family
Building Details
Year Built
1984
Listing Agency:
Watters International Realty
Listed By:
Christopher Watters · License #0567369
(512) 646-0038
Source:
Theswinneygroup
Added: Aug 8
Changed: Oct 12
Last Checked: Oct 16 at 11:51AM
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 Watters International Realty
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Investment Insights
Based on property information with market context.
This 2,552-square-foot duplex, built in 1984, contains two two-story units with a combined five bedrooms and six baths. Each residence includes a private one-car garage and updated interiors. Unit 103 offers 1,384 square feet with three bedrooms and 3.5 baths, including a private bath for each bedroom. Unit 104 provides 1,168 square feet with two bedrooms, 2.5 baths, and private baths for both bedrooms. Both units are currently leased, with Unit 103 leased through 11/30/2026.
The HOA provides access to a pool and sports court while covering lawn care, water, trash, and exterior maintenance. The roof was replaced in 2022, adding to the property's maintained exterior profile. Unit 104 has been fully renovated, and both residences offer layouts designed for low-maintenance living.
The HOA provides access to a pool and sports court while covering lawn care, water, trash, and exterior maintenance. The roof was replaced in 2022, adding to the property's maintained exterior profile. Unit 104 has been fully renovated, and both residences offer layouts designed for low-maintenance living.
Key Highlights
- 2,552 SF duplex with two two‑story units
- Combined total of 5 bedrooms and 6 baths
- Each unit includes a 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,190
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,800
$523.8K
Cap Rate 7%
$374,143
$374.1K
Cap Rate 9%
$291,000
$291.0K
Market Conditions
NOI Build-Up for 2,552 SF
Gross rent
$41.3K $16.20/SF
− Vacancy
−$3.9K −$1.54/SF
EGI
$37.4K $14.66/SF
− OpEx
−$11.2K −$4.40/SF
NOI
$26.2K $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%
$523,800
Cap Rate 7%
$374,143
Cap Rate 9%
$291,000
Alternative Uses
Best Use
Multifamily LT 5
$374.1K
$327.4K – $436.5K
NOI $26,190 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$324.8K
$284.2K – $379.0K
NOI $22,738 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$651.0K
$569.6K – $759.5K
NOI $45,568 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 78133, TX
20,787
Population
11,208
Households
1.9
Avg Household Size
52
Median Age
33%
College-Educated
94%
High-School Grad
75.5 sq mi
ZIP Area
275
Density / Sq Mi
$80,777
Median Household Income
$45,470
Median Earnings
$1,236
Median Rent
$300,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-story units feature private bedroom baths and association-maintained exteriors.
Where is this duplex located?
The property is located at 306 Dietert Ln #103 & 104 Canyon Lake, TX.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 2,552 SF duplex with two two‑story units; Combined total of 5 bedrooms and 6 baths; Each unit includes a 1‑car garage
