Two-Bedroom Residential Income
New
For Sale
$185,000
306 Dietert #106, Canyon Lake, TX 78133
The two-level layout places both bedrooms upstairs and includes a fireplace, wet bar, and attached garage.
Property Size1,168 SF
Price / SF$158.39
Days on Market3
Property Features for 306 Dietert #106
General Information
Standard status
Active
Size
1,168 SF
Property subtype
Multi Family Home
Amenities
Wet Bar
Ceiling Fan(s)
Pull Down Attic Stairs
Tub Shower
Upper Level Primary
Vanity
Walk-In Closet(s)
Breakfast Bar
Balcony
Patio
Building Details
Building Size
1,168 SF
Year Built
1984
Listing Agency:
Canyon Land Real Estate & PM
(830) 964-3393
Listed By:
Marc Coleman · License #0544464
(830) 237-4995
Source:
Bluebonnetrealty
Added: Nov 4
Last Checked: Nov 5 at 9:57PM
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 Canyon Land Real Estate & PM
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Investment Insights
Based on property information with market context.
Unit 106 is a two-story residence with two bedrooms upstairs, two full bathrooms, and a half bath on the main level. The 1,168 SF interior includes tile flooring downstairs, a living-room fireplace, a wet bar, and a breakfast bar. An attached 312 SF garage has washer and dryer connections. The property was built in 1984 and is tenant occupied; access requires 24 hours’ notice.
Nearby destinations identified include a grocery store, CVS, Startzville Elementary, and McDonald’s.
Nearby destinations identified include a grocery store, CVS, Startzville Elementary, and McDonald’s.
Key Highlights
- 2 bedrooms and 2.5 bathrooms across two stories
- 1,168 SF interior with an attached 312 SF garage
- Built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,407
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,140
$208.1K
Cap Rate 7%
$148,671
$148.7K
Cap Rate 9%
$115,633
$115.6K
Market Conditions
NOI Build-Up for 1,168 SF
Gross rent
$21.0K $18.00/SF
− Vacancy
−$2.1K −$1.80/SF
EGI
$18.9K $16.20/SF
− OpEx
−$8.5K −$7.29/SF
NOI
$10.4K $8.91/SF
Area
Comal County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,140
Cap Rate 7%
$148,671
Cap Rate 9%
$115,633
Alternative Uses
Best Use
Apartment 5plus
$148.7K
$130.1K – $173.5K
NOI $10,407 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$297.9K
$260.7K – $347.6K
NOI $20,856 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-level layout places both bedrooms upstairs and includes a fireplace, wet bar, and attached garage.
Where is this residential income property located?
The property is located at 306 Dietert #106 Canyon Lake, TX.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 2 bedrooms and 2.5 bathrooms across two stories; 1,168 SF interior with an attached 312 SF garage; Built in 1984
