2-Unit Duplex with Private
For Sale
$499,850
321 High Low Dr, New Braunfels, TX 78132
Two independent residences each include a kitchen and separate living space.
Property Size2,231 SF
Price / SF$224.05
Days on Market64
Property Features for 321 High Low Dr
General Information
Standard status
Active
Size
2,231 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1977
Listing Agency:
D Lee Edwards Realty, Inc
Listed By:
D. Lee Edwards · License #0435290
(830) 708-2319
Source:
Thebranchinc
Added: Aug 14
Changed: Oct 7
Last Checked: Oct 15 at 3:15AM
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 D Lee Edwards Realty, Inc
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Investment Insights
Based on property information with market context.
This duplex contains two distinct residential units within a 2,231-square-foot property. Each residence has its own private entrance, kitchen, and independent living area, supporting separate occupancy arrangements within the same building.
Built in 1977, the property is located at 321 High Low Dr in New Braunfels, Texas. The two-unit configuration provides clearly separated living spaces for residential income use or other arrangements supported by the property’s duplex design.
Built in 1977, the property is located at 321 High Low Dr in New Braunfels, Texas. The two-unit configuration provides clearly separated living spaces for residential income use or other arrangements supported by the property’s duplex design.
Key Highlights
- Two residential units within a 2,231‑square‑foot property
- Private entrance serving each unit
- Separate kitchen and independent living area in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,896
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,920
$457.9K
Cap Rate 7%
$327,086
$327.1K
Cap Rate 9%
$254,400
$254.4K
Market Conditions
NOI Build-Up for 2,231 SF
Gross rent
$36.1K $16.20/SF
− Vacancy
−$3.4K −$1.54/SF
EGI
$32.7K $14.66/SF
− OpEx
−$9.8K −$4.40/SF
NOI
$22.9K $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%
$457,920
Cap Rate 7%
$327,086
Cap Rate 9%
$254,400
Alternative Uses
Best Use
Multifamily LT 5
$327.1K
$286.2K – $381.6K
NOI $22,896 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$284.0K
$248.5K – $331.3K
NOI $19,878 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$569.1K
$498.0K – $663.9K
NOI $39,836 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 78132, TX
37,475
Population
15,356
Households
2.4
Avg Household Size
43
Median Age
53%
College-Educated
96%
High-School Grad
179.3 sq mi
ZIP Area
209
Density / Sq Mi
$126,934
Median Household Income
$63,870
Median Earnings
$1,531
Median Rent
$570,900
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 - Two independent residences each include a kitchen and separate living space.
Where is this duplex located?
The property is located at 321 High Low Dr New Braunfels, TX.
What is the asking price?
The asking price for this property is $499,850.
What are key features of this property?
This property features: Two residential units within a 2,231‑square‑foot property; Private entrance serving each unit; Separate kitchen and independent living area in both residences
