About 1525 Lorelei
Well priced duplex just steps from Goodwin Frazier Elementary. One unit is month to month, but both have below market rents, offering clear upside for increased income. Each has a functional 2-bedroom floorplan and strong long term rental demand. Additional, similar duplexes available nearby for buyers seeking multiple units. Listing agent has an ownership interest in the property. Do not disturb tenants.
Features of 1525 Lorelei
| MLS® # | 1950424 |
|---|---|
| Price | $289,900 |
| 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 | YES |
| 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 | 120 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 5.63 |
| Gross Rent Multiplier | 12.71 |
| Estimated Taxes | $4,362 |
Listing Details
| Agent | Robert Libby |
|---|---|
| Office | GIC Properties |
| Contact Info | (210) 821-1122 |