Corner Lot Residential Income
For Sale
$485,000
556 Gode Lane, New Braunfels, TX 78130
COMMERCIAL - New Braunfels, TX
Property Size1,568 SF
Lot Size0.62 Acres
Price / SF$309.31
Days on Market475
Property Features for 556 Gode Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C3
Parking features
Garage
Vegetation
Wooded
Accessibility
Accessible Approach with Ramp
Subdivision
Morningside Acres
Lot features
Corner Lot, Level, Mature Trees, Outside City Limits, Half To One Acre Lot, Wooded
Elementary school district
New Braunfels ISD
Middle school district
New Braunfels ISD
High school district
New Braunfels ISD
Directions
On I-35 N Frontage road, turn right onto Gode Lane and the property is on the right.
Standard status
Active
APN
38318
Size
1,568 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MORNINGSIDE ACRES, BLOCK 1, LOT 10
Tax Annual Amount
4629
Legal Description
MORNINGSIDE ACRES, BLOCK 1, LOT 10
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1925
Floors in Building
1
Flooring type
Wood, Vinyl
Building materials
VinylSiding
Roof type
Composition, Shingle, Metal
Listing Agency:
House Hunters NB
(830) 312-8090
Listed By:
Mercy Boatright-Wood · License #0664316
(830) 312-9289
Added: Apr 17, 2025
Changed: Aug 3
Last Checked: Aug 4 at 3:06AM
MLS# 576747
Copyright © 2026 Central Texas Multiple Listing Service. 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.
Located at 556 Gode Lane in New Braunfels, this residential income property sits on a corner lot and includes two separate homes, offering flexible setups for rental income. The listing also notes that additional office space just up the road can be included for added utility.
The property is zoned C3. The seller describes the area as being near major shopping centers with easy access to the interstate, supporting convenient day-to-day access for tenants or occupants.
With 0.617 acres and approximately 1,568 square feet of property size indicated, this is a straightforward option for buyers seeking a multi-home configuration in a commercial zoning district, with the possibility of bundling nearby office space as described.
The property is zoned C3. The seller describes the area as being near major shopping centers with easy access to the interstate, supporting convenient day-to-day access for tenants or occupants.
With 0.617 acres and approximately 1,568 square feet of property size indicated, this is a straightforward option for buyers seeking a multi-home configuration in a commercial zoning district, with the possibility of bundling nearby office space as described.
Key Highlights
- Two separate homes on a corner lot, offering multiple rental income streams or combined live/work setup
- Additional office space just up the road that can be included
- Year built 1925 with vinyl siding exterior and mixed wood and vinyl flooring
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.6k | $22.08 |
| − Vacancy | −$6.1k | −$3.91 |
| EGI | $28.5k | $18.17 |
| − OpEx | −$7.1k | −$4.54 |
| NOI | $21.4k | $13.63 |
1,568 SF · lease $22.08/SF/yr · vacancy 17.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$305.3K
$267.1K – $356.2K
NOI $21,370 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$199.6K
$174.6K – $232.9K
NOI $13,971 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$400.0K
$350.0K – $466.6K
NOI $27,998 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
484
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Two separate homes on a corner lot within C3 zoning, with additional office space available to include.
Where is this single family property located?
The property is located at 556 Gode Lane New Braunfels, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two separate homes on a corner lot, offering multiple rental income streams or combined live/work setup; Additional office space just up the road that can be included; Year built 1925 with vinyl siding exterior and mixed wood and vinyl flooring
