Duplex with Distinct Unit
For Sale
$515,000
108 W Croslin ST # B Unit A & B, Austin, TX 78752
Both residences are leased and offer separate outdoor areas alongside contrasting bedroom configurations.
Property Size2,837 SF
Days on Market15
Property Features for 108 W Croslin ST # B Unit A & B
General Information
Standard status
Active
Size
2,837 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
1 x 1BR/2BA, 1 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,070
Building Details
Building Size
2,837 SF
Year Built
1957
Listing Agency:
Waterloo Realty, LLC
Listed By:
Michelle Ward
(512) 796-4447
Source:
Denpg
Added: Sep 24
Changed: Oct 3
Last Checked: Oct 7 at 3:04PM
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 Waterloo Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1957, this Austin duplex contains two residences with different layouts. One has 1 bedroom, 2 full baths, two living areas, and an office or studio with its own sink. Its outdoor space includes a backyard and upper-level balcony. The other residence has 3 bedrooms and 2 baths, plus a front porch and front yard.
Both units are leased. The property can continue operating as a two-residence rental, or an owner could occupy one side while renting the other, as described in the listing.
Both units are leased. The property can continue operating as a two-residence rental, or an owner could occupy one side while renting the other, as described in the listing.
Key Highlights
- Two residences with distinct bedroom counts: one has 1 bedroom and 2 full baths; the other has 3 bedrooms and 2 baths
- Both units are currently leased
- One residence includes two living areas and an office or studio with its own sink
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,909
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,180
$838.2K
Cap Rate 7%
$598,700
$598.7K
Cap Rate 9%
$465,656
$465.7K
Market Conditions
NOI Build-Up for 2,837 SF
Gross rent
$63.0K $22.20/SF
− Vacancy
−$3.1K −$1.10/SF
EGI
$59.9K $21.10/SF
− OpEx
−$18.0K −$6.33/SF
NOI
$41.9K $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 Rate 5%
$838,180
Cap Rate 7%
$598,700
Cap Rate 9%
$465,656
Alternative Uses
Best Use
Multifamily LT 5
$598.7K
$523.9K – $698.5K
NOI $41,909 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$550.3K
$481.5K – $642.0K
NOI $38,519 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$1.11M
$972.8K – $1.30M
NOI $77,821 @ 7.0% cap · market cap 15.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,926
Businesses Nearby
Explore this area
Business Placement
Demographics for 78752, TX
19,289
Population
10,929
Households
1.8
Avg Household Size
33
Median Age
45%
College-Educated
87%
High-School Grad
3.3 sq mi
ZIP Area
5,845
Density / Sq Mi
$66,404
Median Household Income
$38,805
Median Earnings
$1,445
Median Rent
$361,200
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 - Both residences are leased and offer separate outdoor areas alongside contrasting bedroom configurations.
Where is this duplex located?
The property is located at 108 W Croslin ST # B Unit A & B Austin, TX.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two residences with distinct bedroom counts: one has 1 bedroom and 2 full baths; the other has 3 bedrooms and 2 baths; Both units are currently leased; One residence includes two living areas and an office or studio with its own sink
