Tenant-Occupied Duplex with
For Sale
$394,900
1105 Ash CV, Austin, TX 78753
Two-unit duplex with attached one-car garages, offering one long-term tenant and a recently upgraded second unit.
Property Size2,456 SF
Days on Market94
Property Features for 1105 Ash CV
General Information
Standard status
Active
Size
2,456 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,852
Building Details
Building Size
2,456 SF
Year Built
1981
Tenancy
Multi
Listing Agency:
Marshall Reddick Real Estate
Listed By:
Stephany Caravantes Sanchez · License #0713300
(210) 339-2932
Source:
Zellteam
Added: Jun 4
Changed: Sep 4
Last Checked: Aug 25 at 8:09AM
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 Marshall Reddick Real Estate
Investment Insights
Based on property information with market context.
This tenant-occupied duplex offers two separate units with a functional layout. Each unit features 2 bedrooms and 1.5 bathrooms, along with an attached one-car garage. Unit A is occupied by a long-term tenant. Unit B was recently upgraded and presents a refreshed interior with updated flooring, white cabinetry, sleek countertops, stainless steel appliances, updated bathroom vanities, and a neutral color palette.
The property is located in Austin near major roadways and everyday conveniences, including shopping, dining, employers, and services. Outdoor areas include mature trees, shaded space, covered patio areas, and a sizable fenced backyard, providing practical and usable space for tenants.
Garage parking is provided for each unit, supporting straightforward day-to-day living for occupants while maintaining a residential income configuration.
The property is located in Austin near major roadways and everyday conveniences, including shopping, dining, employers, and services. Outdoor areas include mature trees, shaded space, covered patio areas, and a sizable fenced backyard, providing practical and usable space for tenants.
Garage parking is provided for each unit, supporting straightforward day-to-day living for occupants while maintaining a residential income configuration.
Key Highlights
- Tenant‑occupied duplex built in 1981 with 2 units, each featuring 2 bedrooms and 1.5 bathrooms
- Each unit includes an attached one‑car garage and garage parking, plus a covered patio area
- Unit A is occupied by a long‑term tenant; Unit B was recently upgraded with refreshed interior updates
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
$36,182
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
9.16%
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%
$723,640
$723.6K
Cap Rate 7%
$516,886
$516.9K
Cap Rate 9%
$402,022
$402.0K
Market Conditions
NOI Build-Up for 2,456 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
$54.5K $22.20/SF
− Vacancy
−$2.8K −$1.15/SF
EGI
$51.7K $21.05/SF
− OpEx
−$15.5K −$6.31/SF
NOI
$36.2K $14.73/SF
Area
ZIP 78753
Vacancy
5.20%
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%
$723,640
Cap Rate 7%
$516,886
Cap Rate 9%
$402,022
Alternative Uses
Best Use
Multifamily LT 5
$516.9K
$452.3K – $603.0K
NOI $36,182 @ 7.0% cap · market cap 9.16%
Second Best
Apartment 5plus
$477.4K
$417.7K – $556.9K
NOI $33,416 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$962.4K
$842.1K – $1.12M
NOI $67,370 @ 7.0% cap · market cap 17.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Explore this area
Business Placement
Demographics for 78753, TX
58,761
Population
25,345
Households
2.3
Avg Household Size
32
Median Age
35%
College-Educated
80%
High-School Grad
11.3 sq mi
ZIP Area
5,200
Density / Sq Mi
$62,334
Median Household Income
$38,278
Median Earnings
$1,447
Median Rent
$344,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with attached one-car garages, offering one long-term tenant and a recently upgraded second unit.
Where is this duplex located?
The property is located at 1105 Ash CV Austin, TX.
What is the asking price?
The asking price for this property is $394,900.
What are key features of this property?
This property features: Tenant‑occupied duplex built in 1981 with 2 units, each featuring 2 bedrooms and 1.5 bathrooms; Each unit includes an attached one‑car garage and garage parking, plus a covered patio area; Unit A is occupied by a long‑term tenant; Unit B was recently upgraded with refreshed interior updates
