Single-Story Duplex with Two-Car
For Sale
$499,000
698 Saengerhalle Rd, New Braunfels, TX 78130
Two matching residential units offer comfortable layouts, in-unit laundry connections, and private outdoor areas in New Braunfels.
Property Size2,738 SF
Price / SF$182.25
Days on Market58
Property Features for 698 Saengerhalle Rd
General Information
Standard status
Active
Size
2,738 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
washer/dryer connections
ceiling fans
xeriscape front yard
privacy-fenced backyard
Building Details
Year Built
2016
Buildings
1
Stories
1
Listing Agency:
Clark Realty & Associates,LLC
Listed By:
Kevin Clark
(210) 655-5355
Source:
Texashomeguide
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 7 at 4:52PM
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 Clark Realty & Associates,LLC
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Investment Insights
Based on property information with market context.
Built in 2016, this 2,738-square-foot duplex contains two single-level residences, each arranged with 3 bedrooms and 2 bathrooms. Both units include washer and dryer connections, ceiling fans in the living room and primary bedroom, and access to a two-car garage for parking or storage.
The property is located at 698 Saengerhalle Rd in New Braunfels, TX 78130. Exterior features include a xeriscaped front yard and privacy-fenced backyard areas, providing lower-maintenance landscaping and defined outdoor space for the occupants.
The property is located at 698 Saengerhalle Rd in New Braunfels, TX 78130. Exterior features include a xeriscaped front yard and privacy-fenced backyard areas, providing lower-maintenance landscaping and defined outdoor space for the occupants.
Key Highlights
- 2,738 SF duplex built in 2016
- Two units, each with 3 bedrooms and 2 bathrooms
- Single‑story layout throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,099
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,980
$562.0K
Cap Rate 7%
$401,414
$401.4K
Cap Rate 9%
$312,211
$312.2K
Market Conditions
NOI Build-Up for 2,738 SF
Gross rent
$44.4K $16.20/SF
− Vacancy
−$4.2K −$1.54/SF
EGI
$40.1K $14.66/SF
− OpEx
−$12.0K −$4.40/SF
NOI
$28.1K $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%
$561,980
Cap Rate 7%
$401,414
Cap Rate 9%
$312,211
Alternative Uses
Best Use
Multifamily LT 5
$401.4K
$351.2K – $468.3K
NOI $28,099 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$348.5K
$305.0K – $406.6K
NOI $24,396 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$698.4K
$611.1K – $814.8K
NOI $48,889 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residential units offer comfortable layouts, in-unit laundry connections, and private outdoor areas in New Braunfels.
Where is this duplex located?
The property is located at 698 Saengerhalle Rd New Braunfels, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,738 SF duplex built in 2016; Two units, each with 3 bedrooms and 2 bathrooms; Single‑story layout throughout
