Duplex with Individual
For Sale
$589,999
388 E Faust, New Braunfels, TX 78130
Multi-Family (2-8 Units), New Braunfels, TX
Property Size2,160 SF
Lot Size0.21 Acres
Price / SF$273.15
Days on Market153
Property Features for 388 E Faust
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C3
Elementary school
Lamar
Middle school
Oak Run School
High school
New Braunfel
Elementary school district
New Braunfels
Middle school district
New Braunfels
High school district
New Braunfels
Subdivision
2620
Standard status
Active
APN
10000061801
Size
2,160 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
9997
Amenities
vaulted ceilings
open-concept layout
stained concrete floors
private fenced backyards
covered patios
Building Details
Year built
2011
Listing Agency:
Keller Williams Heritage · Keller Williams Realty
Listed By:
Shaunna Hanover · License #0735608
(210) 493-3030
Added: Jun 3
Changed: Oct 25
Last Checked: Nov 2 at 10:06AM
MLS# 1971777
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.
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Investment Insights
Based on property information with market context.
Built in 2011, this duplex contains two residences totaling 2,160 square feet. Each side offers three bedrooms, two full bathrooms, approximately 1,080 square feet, and its own one-car garage. Interior features include vaulted ceilings, an open layout, and stained concrete flooring; appliances convey. Each unit also has a fenced backyard and covered patio. The property is zoned C3.
The address is near the Faust Street Bridge and Guadalupe River. The Marketplace is accessible across the bridge, with downtown and I-35 also nearby.
The address is near the Faust Street Bridge and Guadalupe River. The Marketplace is accessible across the bridge, with downtown and I-35 also nearby.
Key Highlights
- Two‑unit duplex with 2,160 square feet total
- Each unit has 3 bedrooms, 2 full bathrooms, and approximately 1,080 square feet
- Individual one‑car garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,167
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,340
$443.3K
Cap Rate 7%
$316,671
$316.7K
Cap Rate 9%
$246,300
$246.3K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$35.0K $16.20/SF
− Vacancy
−$3.3K −$1.54/SF
EGI
$31.7K $14.66/SF
− OpEx
−$9.5K −$4.40/SF
NOI
$22.2K $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%
$443,340
Cap Rate 7%
$316,671
Cap Rate 9%
$246,300
Alternative Uses
Best Use
Multifamily LT 5
$316.7K
$277.1K – $369.5K
NOI $22,167 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$274.9K
$240.6K – $320.8K
NOI $19,246 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$551.0K
$482.1K – $642.8K
NOI $38,569 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
853
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
Check the figures for this property
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 three-bedroom residences offer private outdoor space, covered patios, and C3 zoning.
Where is this duplex located?
The property is located at 388 E Faust New Braunfels, TX.
What is the asking price?
The asking price for this property is $589,999.
What are key features of this property?
This property features: Two‑unit duplex with 2,160 square feet total; Each unit has 3 bedrooms, 2 full bathrooms, and approximately 1,080 square feet; Individual one‑car garage for each residence
