See Home Value
New Braunfels 78130 Summerwood
505 & 507 Riverside Drive
$373,000 - $455,000
Multifamily - Off Market

505 & 507 Riverside Drive

New Braunfels, TX 78130
bedrooms
Studio
bathrooms
0 Bath
square feet
1896 Sqft

About This Property

Prime investment opportunity! This charming duplex featuring two 2 bed, 1.5 bath rentals in the desirable Summerwood subdivision offers a great location on a quiet cul-de-sac. Enjoy a spacious fenced yard with no rear neighbors and easy access to shopping, schools, and highways. Updates over the last few years include a new roof (2013), updated kitchen and vinyl plank flooring in unit 505, along with a new walk-in shower and tile as well as a new sprinkler system in 2022.  Unit 507 has an updated AC unit, water heater,  garage door opener and recent interior paint completed in 2023. Carpet was also replaced in 2019 in this unit. The kitchens are complete with refrigerator, stove, and dishwasher. Both units are leased: one unit is leased until Jul '24 and the other Jan '25!  Summerwood Park amenities include a paved walking trail, tennis court, picnic areas, and a dock with relaxing views of the Guadalupe River. Don't miss out on this fantastic investment opportunity!

The manager has listed the unit size as 1896 square feet.
Unit Size
1,896Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$219
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1983

Price History

Date / Event Date Event Price
Feb 6, 2024 Listed $414,590
Listed
May 23, 2022 Sold $312,550
Sold

Property Highlights

Air Conditioning
Exterior Details

Exterior Information

Brick and Wood
Masonry
Wood


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
3 Beds
-
2,744 ft²
$138/ft²
$379,900 Mar 25, 2019
$379,900 Feb 18, 2020
$71/mo
House
3 Beds
2 Baths
1,740 ft²
$223/ft²
$388,000 Apr 27, 2020
$388,000 Jun 26, 2020
$453/mo
House
3 Beds
2 Baths
1,873 ft²
$179/ft²
$335,000 Jul 13, 2020
$335,000 Aug 14, 2020
$551/mo
House
2 Beds
2 Baths
1,368 ft²
$254/ft²
$348,000 Feb 11, 2022
$348,000 May 9, 2022
$379/mo
House
2 Beds
1 Bath
1,314 ft²
$331/ft²
$435,000 Feb 20, 2022
$435,000 Mar 14, 2022
$387/mo
House
2 Beds
1 Bath
1,204 ft²
$331/ft²
$398,400 Jun 17, 2022
$398,400 Sep 1, 2022
$443/mo
Multifamily
Stu
4 Baths
1,904 ft²
$192/ft²
$365,000 Feb 9, 2024
-
$484/mo
Multifamily
Stu
-
1,320 ft²
$287/ft²
$379,000 Jan 31, 2024
-
-
House
3 Beds
2 Baths
2,004 ft²
$207/ft²
$414,000 May 2, 2024
-
$559/mo
House
3 Beds
2 Baths
1,816 ft²
$220/ft²
$398,900 May 24, 2024
-
$469/mo
House
3 Beds
2 Baths
2,004 ft²
$204/ft²
$409,000 Apr 17, 2024
-
-
House
3 Beds
2 Baths
1,728 ft²
$241/ft²
$415,900 May 10, 2024
-
$502/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

505 Riverside Drive 505 Riverside Drive, New Braunfels, TX 78130
  • 1 Unit for Sale
More about this Building
505 Riverside Drive
Want to find out who owns 505 Riverside Drive, New Braunfels, TX 78130? Get detailed property transactions here .

About Summerwood


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