Two-Unit Multifamily
New
For Sale
$399,999
440 BRIANNE TRL, Spring Branch, TX 78070
Multi-Family (2-8 Units), Spring Branch, TX
Property Size2,560 SF
Lot Size0.23 Acres
Price / SF$156.25
Days on Market5
Property Features for 440 BRIANNE TRL
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R
Elementary school
Blanco
Middle school
Blanco
High school
Blanco
Elementary school district
Blanco
Middle school district
Blanco
High school district
Blanco
Subdivision
3100
Standard status
Active
Size
2,560 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
6500
Utilities
Cooling system
Central Air
Building Details
Year built
2026
Listing Agency:
All City San Antonio Registered Series
(210) 625-1459
Listed By:
Michael Anderson
(512) 957-9044
Added: Aug 25
Last Checked: Aug 29 at 6:06PM
MLS# 2011397
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 under-construction duplex is scheduled for completion in 2026 and contains two residential units totaling 2,560 square feet. Each unit measures 1,280 square feet and includes three bedrooms, two bathrooms, a living room, utility room, kitchen, and dining area. Central air is specified for the property.
Unit B is currently leased, with the existing lease scheduled to expire in two months. The property sits on a 0.23-acre lot in Spring Branch, Texas, and carries R zoning. The offering includes a two-unit configuration suited to residential income use.
Unit B is currently leased, with the existing lease scheduled to expire in two months. The property sits on a 0.23-acre lot in Spring Branch, Texas, and carries R zoning. The offering includes a two-unit configuration suited to residential income use.
Key Highlights
- Two units, each measuring 1,280 square feet; 2,560 square feet total
- Each unit includes 3 bedrooms and 2 bathrooms
- Living room, utility room, kitchen, and dining area in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,273
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$525,460
$525.5K
Cap Rate 7%
$375,329
$375.3K
Cap Rate 9%
$291,922
$291.9K
Market Conditions
NOI Build-Up for 2,560 SF
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.
Gross rent
$41.5K $16.20/SF
− Vacancy
−$3.9K −$1.54/SF
EGI
$37.5K $14.66/SF
− OpEx
−$11.3K −$4.40/SF
NOI
$26.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$525,460
Cap Rate 7%
$375,329
Cap Rate 9%
$291,922
Alternative Uses
Best Use
Multifamily LT 5
$375.3K
$328.4K – $437.9K
NOI $26,273 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$325.9K
$285.1K – $380.2K
NOI $22,810 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$653.0K
$571.4K – $761.9K
NOI $45,711 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 78070, TX
20,618
Population
8,034
Households
2.6
Avg Household Size
47
Median Age
41%
College-Educated
95%
High-School Grad
133.3 sq mi
ZIP Area
155
Density / Sq Mi
$115,076
Median Household Income
$53,255
Median Earnings
$1,274
Median Rent
$469,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Under-construction duplex with central air and an active lease on Unit B.
Where is this duplex located?
The property is located at 440 BRIANNE TRL Spring Branch, TX.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Two units, each measuring 1,280 square feet; 2,560 square feet total; Each unit includes 3 bedrooms and 2 bathrooms; Living room, utility room, kitchen, and dining area in each unit
