About 1525 Lorelei
Updated duplex just steps from Goodwin Frazier Elementary. One unit is vacant and move in ready.... perfect for a house hacker! Below market rents offering clear upside for increased income. Each unit has a functional 2-bedroom floorplan and strong long term rental demand. Do not disturb tenants in 1525 side. 1523 is on lockbox and easy to show.
Features of 1525 Lorelei
| MLS® # | 1950424 |
|---|---|
| Price | $279,000 |
| Number Of Units | 2 |
| Square Footage | 1,660 |
| Acres | 0.23 |
| Year Built | 1985 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | One Story |
| Status | Active |
Community Information
| Address | 1525 Lorelei |
|---|---|
| Subdivision | Rhine Terrace |
| City | New Braunfels |
| County | Comal |
| State | TX |
| Zip Code | 78130 |
Multi-Unit Information
| Gross Annual Income | $22,800 |
|---|---|
| Net Operating Income | $16,330 |
| Annual Operating Expense | $6,470 |
| Operating Expense Includes | Taxes, Insurance |
Unit 1 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Attached, Carport, Pad |
| Handicap Access | NO |
| Rent | $1,100 |
| Occupied | NO |
| Includes | Oven/Stove, Dishwasher, Refrigerator, Washer Connection, Dryer Connection |
Unit 2 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Attached, Carport, Pad |
| Handicap Access | NO |
| Rent | $800 |
| Occupied | YES |
| Includes | Oven/Stove, Dishwasher, Refrigerator, Washer Connection, Dryer Connection |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Central |
|---|---|
| Cooling | Two Central |
| Has Basement | No |
Exterior
| Exterior | Brick |
|---|---|
| Exterior Features | Mature Trees |
| Roof | Composition |
| Foundation | Slab |
School Information
| District | Comal |
|---|---|
| Middle | Church Hill |
| High | Canyon |
Additional Information
| Date Listed | March 19th, 2026 |
|---|---|
| Days on Market | 176 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 5.85 |
| Gross Rent Multiplier | 12.24 |
| Estimated Taxes | $4,362 |
Listing Details
| Agent | Robert Libby |
|---|---|
| Office | GIC Properties |
| Contact Info | (210) 821-1122 |