Short-Term Rental Property with Guest
For Sale
$599,900
Pending
791 Edwards Boulevard, New Braunfels, TX 78132
A separate guest residence has its own kitchen, living space, bedroom, bathroom and laundry room.
Property Size2,098 SF
Days on Market33
Property Features for 791 Edwards Boulevard
General Information
Standard status
Pending
Size
2,098 SF
Property subtype
Commercial
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
private river access
mature trees
private river park
Building Details
Building Size
2,098 SF
Year Built
1978
Buildings
2
Listing Agency:
Moxie Moon Realty LLC
Listed By:
Cynthia Emerson · License #0765770
(210) 421-5243
Source:
Moxiemoonrealty
Added: Oct 1
Changed: Oct 30
Last Checked: Oct 30 at 1:53AM
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 Moxie Moon Realty LLC
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Investment Insights
Based on property information with market context.
The property includes a 2,098-square-foot main home with three bedrooms and two full bathrooms, plus an 848-square-foot guest house. The guest residence has one bedroom, one full bathroom, a full kitchen, living room and laundry room. Built in 1978, the single-story property occupies a corner lot just under one acre, with mature trees across the grounds.
Residents can access a private subdivision river park on the Guadalupe River. HOA membership is voluntary. The property is a short golf cart ride from Gruene, where the source describes shopping, restaurants and live music.
Residents can access a private subdivision river park on the Guadalupe River. HOA membership is voluntary. The property is a short golf cart ride from Gruene, where the source describes shopping, restaurants and live music.
Key Highlights
- 2,098‑square‑foot main home with 3 bedrooms and 2 full bathrooms
- 848‑square‑foot guest house with 1 bedroom, 1 full bathroom, kitchen, living room and laundry room
- Private subdivision river park access on the Guadalupe River
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,693
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,860
$373.9K
Cap Rate 7%
$267,043
$267.0K
Cap Rate 9%
$207,700
$207.7K
Market Conditions
NOI Build-Up for 2,098 SF
Gross rent
$37.8K $18.00/SF
− Vacancy
−$3.8K −$1.80/SF
EGI
$34.0K $16.20/SF
− OpEx
−$15.3K −$7.29/SF
NOI
$18.7K $8.91/SF
Area
Comal County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,860
Cap Rate 7%
$267,043
Cap Rate 9%
$207,700
Alternative Uses
Best Use
Apartment 5plus
$267.0K
$233.7K – $311.6K
NOI $18,693 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$535.2K
$468.3K – $624.4K
NOI $37,461 @ 7.0% cap · market cap 6.24%
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
37
Businesses Nearby
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Business Placement
Demographics for 78132, TX
37,475
Population
15,356
Households
2.4
Avg Household Size
43
Median Age
53%
College-Educated
96%
High-School Grad
179.3 sq mi
ZIP Area
209
Density / Sq Mi
$126,934
Median Household Income
$63,870
Median Earnings
$1,531
Median Rent
$570,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - A separate guest residence has its own kitchen, living space, bedroom, bathroom and laundry room.
Where is this short term rental property located?
The property is located at 791 Edwards Boulevard New Braunfels, TX.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 2,098‑square‑foot main home with 3 bedrooms and 2 full bathrooms; 848‑square‑foot guest house with 1 bedroom, 1 full bathroom, kitchen, living room and laundry room; Private subdivision river park access on the Guadalupe River
