Leased Two-Unit
697 - 701 Creekside Circle, New Braunfels, TX 78130
For Sale
New
$454,900
Both residences are leased, with individual lease terms extending into 2027.
Property Size2,562 SF
Price / SF$177.56
Days on Market3
Property Features for 697 - 701 Creekside Circle
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Tenant in Place
Amenities
Patio Slab
Double Pane Windows
Mature Trees
Unimproved Water Front
Mature Trees (Ext Feat)
Level
Building Details
Building Size
Year Built
Units
Tenancy
Listing Agency:
Property Professionals, Inc
Listed By:
Alicia Hay · License TX #0542386
(830) 481-4268
Source:
Jackbieggerrealtors
Added: Nov 11
Last Checked: Nov 13 at 2:39AM
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.
This 2014 duplex in New Braunfels contains 2,562 square feet. Each residence is configured with three bedrooms, two bathrooms, and a two-car garage. The property also has xeriscape landscaping and maintained exterior areas.
Both units are leased. The lease for 697 Creekside Circle runs through 6/30/2027, while the lease for 701 Creekside Circle ends 2/28/2027. The property is located between Austin and San Antonio.
Both units are leased. The lease for 697 Creekside Circle runs through 6/30/2027, while the lease for 701 Creekside Circle ends 2/28/2027. The property is located between Austin and San Antonio.
Key Highlights
- Two residences, each with 3 bedrooms, 2 bathrooms, and a 2‑car garage
- Both units are leased
- 697 Creekside Circle lease expires 6/30/2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,293
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,860
$525.9K
Cap Rate 7%
$375,614
$375.6K
Cap Rate 9%
$292,144
$292.1K
Market Conditions
NOI Build-Up for 2,562 SF
Gross rent
$41.5K $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%
$525,860
Cap Rate 7%
$375,614
Cap Rate 9%
$292,144
Alternative Uses
Best Use
Multifamily LT 5
$375.6K
$328.7K – $438.2K
NOI $26,293 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$326.1K
$285.3K – $380.5K
NOI $22,827 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$653.5K
$571.8K – $762.5K
NOI $45,747 @ 7.0% cap · market cap 10.06%
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
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
$296,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in New Braunfels, TX
Properties on Market for Duplexes in New Braunfels
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, with individual lease terms extending into 2027.
Where is this duplex located?
The property is located at 697 - 701 Creekside Circle 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 residences, each with 3 bedrooms, 2 bathrooms, and a 2‑car garage; Both units are leased; 697 Creekside Circle lease expires 6/30/2027
