Duplex with Remodeled
For Sale
Under Contract
$319,000
723 Woodcrest, New Braunfels, TX 78130
Multi-Family (2-8 Units), New Braunfels, TX
Property Size2,432 SF
Lot Size0.25 Acres
Price / SF$131.17
Days on Market116
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 Under Contract
APN
450780054400
Size
2,432 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
7781
Amenities
laundry closet
yard
Building Details
Year built
2004
Buildings
1
Listing Agency:
Keller Williams Heritage · Keller Williams Realty
Listed By:
Mark Hampton · License #0464012
(210) 493-3030
Added: Jul 10
Changed: Oct 31
Last Checked: Nov 2 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
Built in 2004, this two-unit duplex contains 2,432 square feet on a 0.246-acre corner parcel. The described layout places two bedrooms, two full bathrooms, laundry, and garage entry on the lower level, with a half bath, kitchen, and combined living and dining area upstairs. Both residences have yards. The 725 residence has vinyl plank flooring and fresh paint and is vacant.
The property is just inside Loop 337 in New Braunfels. H-E-B Plus, NB Feed, local barbecue restaurants, the Guadalupe River, River Acres Park, and Cypress Bend Park are among the named nearby destinations.
The property is just inside Loop 337 in New Braunfels. H-E-B Plus, NB Feed, local barbecue restaurants, the Guadalupe River, River Acres Park, and Cypress Bend Park are among the named nearby destinations.
Key Highlights
- Two‑unit duplex with 2,432 square feet on a 0.246‑acre corner lot
- Built in 2004
- 725 residence is vacant and has vinyl plank flooring and fresh paint
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
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Lease Details
2
Residential units
Yes
Paved road access
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
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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 - One residence is vacant and features updated flooring and fresh paint.
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: Two‑unit duplex with 2,432 square feet on a 0.246‑acre corner lot; Built in 2004; 725 residence is vacant and has vinyl plank flooring and fresh paint
