Corner-Lot Duplex with Spacious
For Sale
$345,000
723 Woodcrest, New Braunfels, TX 78130
MULTI_FAMILY - New Braunfels, TX
Property Size2,432 SF
Lot Size0.25 Acres
Price / SF$141.86
Days on Market24
Property Features for 723 Woodcrest
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Goodwin Frazier
Middle school
Church Hill
High school
Canyon
Elementary school district
Comal
Middle school district
Comal
High school district
Comal
Subdivision
2622
Standard status
Active
Size
2,432 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
7781
Utilities
Cooling system
Central Air
Building Details
Year built
2004
Listing Agency:
Keller Williams Heritage · Keller Williams Realty
(210) 493-3030
Listed By:
Mark Hampton · License #0464012
(210) 493-3030
Added: Jul 10
Changed: Jul 30
Last Checked: Aug 2 at 6:06AM
MLS# 1961995
Copyright © 2026 LERA MLS. 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.
723 & 725 Woodcrest Circle presents a quality custom-built corner-lot duplex on a 0.246-acre site with a total of 2,432 SF. Built in 2004, the duplex includes central air and a one-car garage. Each unit is laid out with a small amount of stairs leading down to two bedrooms and two full bathrooms, with the garage entry and a laundry closet accessible from this level. The upstairs area provides an additional half bathroom, along with the kitchen and an open concept living and dining combination featuring multiple windows for natural light. Both units have spacious yard areas.
The property is located just inside Loop 337 on a corner lot, convenient for shopping and dining. Nearby area staples mentioned include H-E-B Plus and NB Feed, along with several popular Bar B Q venues. Recreation is close by with the Guadalupe River, River Acres Park, and Cypress Bend Park described as only a few blocks away.
Unit 725 has been remodeled with vinyl plank flooring and has been freshly painted. This unit is currently vacant and available for a new tenant.
The property is located just inside Loop 337 on a corner lot, convenient for shopping and dining. Nearby area staples mentioned include H-E-B Plus and NB Feed, along with several popular Bar B Q venues. Recreation is close by with the Guadalupe River, River Acres Park, and Cypress Bend Park described as only a few blocks away.
Unit 725 has been remodeled with vinyl plank flooring and has been freshly painted. This unit is currently vacant and available for a new tenant.
Key Highlights
- Corner‑lot duplex on 0.246‑acre site
- 2,432 SF total custom‑built duplex, year built 2004
- Two bedrooms and 2.5 baths per unit plus one‑car garage
Financial Insights For Multifamily LT 5
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 | $39.4k | $16.20 |
| − Vacancy | −$3.7k | −$1.54 |
| EGI | $35.7k | $14.66 |
| − OpEx | −$10.7k | −$4.40 |
| NOI | $25.0k | $10.26 |
2,432 SF · lease $16.20/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$356.6K
$312.0K – $416.0K
NOI $24,959 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$309.6K
$270.9K – $361.2K
NOI $21,669 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$620.4K
$542.8K – $723.8K
NOI $43,425 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
797
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Custom-built duplex with central air, two bedrooms per unit, and spacious yard space for both sides.
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 $345,000.
What are key features of this property?
This property features: Corner‑lot duplex on 0.246‑acre site; 2,432 SF total custom‑built duplex, year built 2004; Two bedrooms and 2.5 baths per unit plus one‑car garage
