Turnkey Duplex Income
For Sale
$499,000
10707 Daryl CV, Austin, TX 78758
Fully leased duplex with 2024–2025 renovations and updated appliances, generating steady gross rental income.
Property Size1,956 SF
Days on Market88
Property Features for 10707 Daryl CV
General Information
Standard status
Active
Size
1,956 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$10,207
Building Details
Building Size
1,956 SF
Year Built
1980
Listing Agency:
FlashPeak Realty
Listed By:
Vincent Yin
(512) 584-0805
Source:
Lisacontaldi
Added: Jun 23
Changed: Sep 10
Last Checked: Sep 18 at 12:44PM
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 FlashPeak Realty
Investment Insights
Based on property information with market context.
Turnkey duplex property offered for sale, fully leased with both units currently occupied. The home has seen substantial recent improvements, including complete renovations to both units and replacement of all major appliances in 2024. Unit A received a new water heater, and Unit B was further upgraded with new flooring in 2025.
The property is located in North Austin near major employment centers, shopping, dining, and commuter routes, supporting consistent rental demand in the surrounding area.
With both sides leased and recent unit-level updates completed, this duplex presents an immediate income-producing option for investors seeking a low-maintenance addition to their portfolio.
The property is located in North Austin near major employment centers, shopping, dining, and commuter routes, supporting consistent rental demand in the surrounding area.
With both sides leased and recent unit-level updates completed, this duplex presents an immediate income-producing option for investors seeking a low-maintenance addition to their portfolio.
Key Highlights
- North Austin duplex built in 1980, fully leased with both units occupied
- Generates $3,275 per month in gross rental income
- Both units were fully renovated with replacement of all major appliances in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,895
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$577,900
$577.9K
Cap Rate 7%
$412,786
$412.8K
Cap Rate 9%
$321,056
$321.1K
Market Conditions
NOI Build-Up for 1,956 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.4K $22.20/SF
− Vacancy
−$2.1K −$1.10/SF
EGI
$41.3K $21.10/SF
− OpEx
−$12.4K −$6.33/SF
NOI
$28.9K $14.77/SF
Area
Austin, TX
Vacancy
4.94%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$577,900
Cap Rate 7%
$412,786
Cap Rate 9%
$321,056
Alternative Uses
Best Use
Multifamily LT 5
$412.8K
$361.2K – $481.6K
NOI $28,895 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$379.4K
$332.0K – $442.6K
NOI $26,557 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$766.5K
$670.7K – $894.2K
NOI $53,654 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
989
Businesses Nearby
Explore this area
Business Placement
Demographics for 78758, TX
49,831
Population
25,745
Households
1.9
Avg Household Size
32
Median Age
46%
College-Educated
85%
High-School Grad
9.1 sq mi
ZIP Area
5,476
Density / Sq Mi
$69,019
Median Household Income
$47,685
Median Earnings
$1,549
Median Rent
$419,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex with 2024–2025 renovations and updated appliances, generating steady gross rental income.
Where is this duplex located?
The property is located at 10707 Daryl CV Austin, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: North Austin duplex built in 1980, fully leased with both units occupied; Generates $3,275 per month in gross rental income; Both units were fully renovated with replacement of all major appliances in 2024
