New Braunfels, TX Multi Family Market Report

Considering investing in New Braunfels, TX?  Here is the dirt on multi-family housing.

This is partial list of what’s available or sold.   There are multiple listing systems (MLS) in the state and just because your property is listed in New Braunfels doesn’t mean that your property will be listed in the local MLS. (CTXMLS) It could be listed in the San Antonio MLS (SABOR), or Austin MLS (ABOR), you get the idea.  If you are looking for an exhausted list we can dig that up. 

Anyways, here is a snap shot of what’s happening.  

Active Listings:

1. 501 Labor Avenue: 2 units, built in 1930, 1,320 SqFt, listed at $379,000 ($287.12/SqFt).
2. 3032 Green Mountain Drive: 2 units, built in 2006, 2,586 SqFt, listed at $389,900 ($150.77/SqFt).
3. 1034 Helen Drive #B & A: 2 units, built in 2010, 1,729 SqFt, listed at $425,000 ($245.81/SqFt).
4. 125 Woodland Avenue: 1 unit, built in 1985, 2,700 SqFt, listed at $459,900 ($170.33/SqFt).
5. 340-342 Emma Drive: 2 units, built in 2019, 2,650 SqFt, listed at $485,000 ($183.02/SqFt).
6. 334-336 Emma Drive: 2 units, built in 2019, 2,650 SqFt, listed at $485,000 ($183.02/SqFt).
7. 540 River Run Run #110: 1 unit, built in 2016, 1,282 SqFt, listed at $565,000 ($440.72/SqFt).
8. 425 N Seguin Avenue: No units specified, built in 1947, 1,752 SqFt, listed at $1,100,000 ($627.85/SqFt).

Active with Option Properties:

1. 1269 E Common Street: 1 unit, built in 2012, 2,952 SqFt, listed at $672,000 ($227.64/SqFt).

Sold Properties:

1. 226 Redbud Lane: No units specified, built in 1986, 1,887 SqFt, sold for $287,500 ($152.36/SqFt).
2. 212 West Street: 1 unit, built in 1983, 1,920 SqFt, sold for $310,000 ($161.46/SqFt).
3. 190 A/B West Street: No units specified, built in 1980, 2,118 SqFt, sold for $330,000 ($155.81/SqFt).
4. 409 Buttercup: No units specified, built in 1997, 2,389 SqFt, sold for $334,650 ($140.08/SqFt).
5. 220 West Street: No units specified, built in 1981, 1,974 SqFt, sold for $375,000 ($189.97/SqFt).
6. 949 - 951 Misty Acres Drive: 2 units, built in 2003, 796 SqFt, sold for $462,000 ($580.40/SqFt).
7. 2571-2573 Pahmeyer Road: No units specified, built in 2017, 2,738 SqFt, sold for $485,000 ($177.14/SqFt).
8. 203 Joanne Cove: 1 unit, built in 2016, 2,650 SqFt, sold for $485,000 ($183.02/SqFt).

Rental Pending Properties:

1. 505 & 507 Riverside Drive: 2 units, built in 1983, 1,896 SqFt, listed at $414,590 ($218.67/SqFt).
2. 3020/3022 Pine Valley Drive: 2 units, built in 2004, 2,772 SqFt, listed at $449,000 ($161.98/SqFt).
3. 427/423 Creekside Curve: 2 units, built in 2017, 400 SqFt, listed at $565,000 ($1,412.50/SqFt).
4. 905 Wood Road: 3 units, built in 2007, 4,428 SqFt, listed at $750,000 ($169.38/SqFt).

Quick Statistics (21 Listings Total):

• List Price Range: $325,000 - $1,100,000
• Median List Price: $485,000
• Median Sold Price: $354,825

Sellers, looking for a unique marketing plan? I market your home like no one else will. Buyers, I offer Mom-approved customer service. Agents, I am a referral resource you can trust. Call me, and we can talk. I serve the New Braunfels, TX and the surrounding areas.

I'm Karen Sanchez, REALTOR.

"Marketing your house like no one else will." 

karensoldit@yahoo.com

Berkshire Hathaway HomeServices Don Johnson Realtors, New Braunfels, TX Cell: 760-684-0250 Office: 830-624-8272

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