Duplex with Private
For Sale
$319,000
723 Woodcrest, New Braunfels, TX 78130
Two-level residences offer open living areas, attached garages, and convenient access to shopping, dining, and recreation.
Property Size2,432 SF
Price / SF$131.17
Days on Market92
Property Features for 723 Woodcrest
General Information
Standard status
Active
Size
2,432 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2004
Buildings
1
Listing Agency:
Keller Williams Heritage
Listed By:
Mark Hampton · License #0464012
(210) 823-8611
Source:
Texashomeguide
Added: Jul 18
Changed: Oct 7
Last Checked: Oct 7 at 1:17PM
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 Keller Williams Heritage
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Investment Insights
Based on property information with market context.
Built in 2004, this 2,432-square-foot duplex offers two-level residences with bedrooms, full bathrooms, laundry closets, garage access, and upper-level kitchens adjoining open living and dining areas. Several windows provide natural light, while both units include spacious yards. The property is situated on a corner lot just inside Loop 337 in New Braunfels.
One unit has been updated with vinyl plank flooring and fresh paint and is currently vacant for a new tenant. The property is near H-E-B Plus, NB Feed, local barbecue restaurants, the Guadalupe River, River Acres Park, and Cypress Bend Park.
One unit has been updated with vinyl plank flooring and fresh paint and is currently vacant for a new tenant. The property is near H-E-B Plus, NB Feed, local barbecue restaurants, the Guadalupe River, River Acres Park, and Cypress Bend Park.
Key Highlights
- 2,432‑square‑foot duplex built in 2004
- Each unit has 2 bedrooms, 2 1/2 baths, and a one‑car garage
- Both units include spacious yards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,959
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,180
$499.2K
Cap Rate 7%
$356,557
$356.6K
Cap Rate 9%
$277,322
$277.3K
Market Conditions
NOI Build-Up for 2,432 SF
Gross rent
$39.4K $16.20/SF
− Vacancy
−$3.7K −$1.54/SF
EGI
$35.7K $14.66/SF
− OpEx
−$10.7K −$4.40/SF
NOI
$25.0K $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%
$499,180
Cap Rate 7%
$356,557
Cap Rate 9%
$277,322
Alternative Uses
Best Use
Multifamily LT 5
$356.6K
$312.0K – $416.0K
NOI $24,959 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$309.6K
$270.9K – $361.2K
NOI $21,669 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$620.4K
$542.8K – $723.8K
NOI $43,425 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
76
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 Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level residences offer open living areas, attached garages, and convenient access to shopping, dining, and recreation.
Where is this duplex located?
The property is located at 723 Woodcrest New Braunfels, TX.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 2,432‑square‑foot duplex built in 2004; Each unit has 2 bedrooms, 2 1/2 baths, and a one‑car garage; Both units include spacious yards
