Duplex Near
For Sale
$375,999
923 Eikel, New Braunfels, TX 78130
Two-unit residential property in the Comal Creek area, close to both older and newer downtown districts.
Property Size1,924 SF
Price / SF$195.43
Days on Market60
Property Features for 923 Eikel
General Information
Standard status
Active
Size
1,924 SF
Property subtype
Multi-Family
Building Details
Year Built
1970
Listing Agency:
Vortex Realty
Listed By:
Michelle Barre
(210) 289-1346
Source:
Theswinneygroup
Added: Aug 19
Changed: Oct 16
Last Checked: Oct 7 at 4:01PM
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 Vortex Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This traditional duplex is situated on a large 1/4-acre lot in the Comal Creek area of New Braunfels. The property offers a two-unit residential configuration within an established neighborhood setting, with the land component identified as a significant part of the asset’s appeal.
Older downtown is approximately 2 blocks away, while newer downtown is approximately 4 blocks from the property. The surrounding setting combines nearby urban amenities with a quieter residential atmosphere. The area also reflects its railroad-community character, including the soft sound of a train bell and free-roaming chickens.
Older downtown is approximately 2 blocks away, while newer downtown is approximately 4 blocks from the property. The surrounding setting combines nearby urban amenities with a quieter residential atmosphere. The area also reflects its railroad-community character, including the soft sound of a train bell and free-roaming chickens.
Key Highlights
- Duplex configuration with two residential units
- Large 1/4‑acre lot in the Comal Creek area
- Approximately 2 blocks from older downtown
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,745
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,900
$394.9K
Cap Rate 7%
$282,071
$282.1K
Cap Rate 9%
$219,389
$219.4K
Market Conditions
NOI Build-Up for 1,924 SF
Gross rent
$31.2K $16.20/SF
− Vacancy
−$3.0K −$1.54/SF
EGI
$28.2K $14.66/SF
− OpEx
−$8.5K −$4.40/SF
NOI
$19.7K $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%
$394,900
Cap Rate 7%
$282,071
Cap Rate 9%
$219,389
Alternative Uses
Best Use
Multifamily LT 5
$282.1K
$246.8K – $329.1K
NOI $19,745 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$244.9K
$214.3K – $285.7K
NOI $17,143 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$490.8K
$429.4K – $572.6K
NOI $34,355 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,729
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-unit residential property in the Comal Creek area, close to both older and newer downtown districts.
Where is this duplex located?
The property is located at 923 Eikel New Braunfels, TX.
What is the asking price?
The asking price for this property is $375,999.
What are key features of this property?
This property features: Duplex configuration with two residential units; Large 1/4‑acre lot in the Comal Creek area; Approximately 2 blocks from older downtown
