2-Unit Duplex with
For Sale
$454,900
697 701 Creekside Cir, New Braunfels, TX 78130
Both units are leased, with separate lease expirations scheduled for 2027.
Property Size2,565 SF
Price / SF$177.35
Days on Market9
Property Features for 697 701 Creekside Cir
General Information
Standard status
Active
Size
2,565 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2014
Buildings
1
Tenancy
Multi
Listing Agency:
Property Professionals, Inc
Listed By:
Alicia Hay (830) 625-8065 · License #0542386
(830) 481-4268
Source:
Allcentraltxhomesforsale
Added: Oct 9
Changed: Oct 16
Last Checked: Oct 16 at 9:35AM
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 Property Professionals, Inc
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Investment Insights
Based on property information with market context.
Built in 2014, this 2,565-square-foot duplex has two units, each configured with 3 bedrooms, 2 bathrooms and a 2-car garage. Xeriscape landscaping surrounds the property. Both units are leased: the lease at 697 Creekside Cir expires 6/30/2027, and the lease at 701 Creekside Cir expires 2/28/2027. The property is in New Braunfels, Texas.
Key Highlights
- Two units, each with 3 bedrooms, 2 bathrooms and a 2‑car garage
- 2,565 square feet
- Built in 2014
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,324
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,480
$526.5K
Cap Rate 7%
$376,057
$376.1K
Cap Rate 9%
$292,489
$292.5K
Market Conditions
NOI Build-Up for 2,565 SF
Gross rent
$41.6K $16.20/SF
− Vacancy
−$3.9K −$1.54/SF
EGI
$37.6K $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 Rate 5%
$526,480
Cap Rate 7%
$376,057
Cap Rate 9%
$292,489
Alternative Uses
Best Use
Multifamily LT 5
$376.1K
$329.1K – $438.7K
NOI $26,324 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$326.5K
$285.7K – $380.9K
NOI $22,854 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$654.3K
$572.5K – $763.3K
NOI $45,800 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
118
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
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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 - Both units are leased, with separate lease expirations scheduled for 2027.
Where is this duplex located?
The property is located at 697 701 Creekside Cir New Braunfels, TX.
What is the asking price?
The asking price for this property is $454,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms, 2 bathrooms and a 2‑car garage; 2,565 square feet; Built in 2014
