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Multifamily Property with Split-Level Layout

1105 N Cuernavaca Dr #A & B, Austin, TX 78733

For Sale
$675,000

The home offers three bedrooms and two full bathrooms arranged across two levels, with no carpet.

Property Size3,174 SF
Price / SF$212.67
Days on Market186

Property Features for 1105 N Cuernavaca Dr #A & B

General Information

Standard status Active
Size 3,174 SF
Property subtype Multi Family Home

Site & Location

Neighborhood Davenport Lake Austin

Taxes and HOA fees

Annual Taxes $10,801

Amenities

Electric Dryer Hookup
Washer Hookup
Private Yard

Building Details

Building Size 3,174 SF
Year Built 2007
Stories 2
Listing Agency: Blackburn Properties
Listed By: Luisa Phou · License TX #0651785
Source: Clearblueproperties
Added: May 8 Changed: Nov 7 Last Checked: Nov 8 at 2:14PM

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 Blackburn Properties

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Investment Insights

Based on property information with market context.

Built in 2007, this 3,174-square-foot property has three bedrooms and two full bathrooms. Two bedrooms and one bathroom are upstairs; the lower level contains the remaining bedroom and bathroom. Hardwood flooring extends through the home, with tile in the kitchen and bathrooms. A refrigerator is included, and washer and dryer hookups are provided.

The property is within walking distance of a Lake Austin waterfront park and pool. The Hill Country Galleria is about 10 minutes away, and the Village of Westlake shopping area is 5 miles away. The home is served by Eanes schools.

Key Highlights

  • 3,174 square feet; built in 2007
  • Three bedrooms and two full bathrooms across two levels
  • Hardwood floors; tile in the kitchen and bathrooms; no carpet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$43,094
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,880 $861.9K
Cap Rate 7%
$615,629 $615.6K
Cap Rate 9%
$478,822 $478.8K
Market Conditions
NOI Build-Up for 3,174 SF
Gross rent
$82.7K $26.04/SF
− Vacancy
−$4.3K −$1.35/SF
EGI
$78.4K $24.69/SF
− OpEx
−$35.3K −$11.11/SF
NOI
$43.1K $13.58/SF
Area
Austin, TX
Vacancy
5.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,880
Cap Rate 7%
$615,629
Cap Rate 9%
$478,822

Alternative Uses

Best Use
Apartment 5plus
$615.6K
$538.7K – $718.2K (±1% cap)
NOI $43,094 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M (±1% cap)
NOI $87,065 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Location Intelligence

Trade Area within ½ mile

24
Businesses Nearby

Demographics for 78733, TX

9,347
Population
3,395
Households
2.8
Avg Household Size
42
Median Age
83%
College-Educated
99%
High-School Grad
11.2 sq mi
ZIP Area
835
Density / Sq Mi
$220,421
Median Household Income
$103,133
Median Earnings
$3,060
Median Rent
$964,100
Median Home Value

Market

Average Price Trend$/SF for Multifamily properties in Austin, TX

$337 Jul
$338 Aug
$314 Sep
$293 Oct

Properties on Market for Multifamily properties in Austin

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - The home offers three bedrooms and two full bathrooms arranged across two levels, with no carpet.
Where is this multifamily property located?
The property is located at 1105 N Cuernavaca Dr #A & B Austin, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3,174 square feet; built in 2007; Three bedrooms and two full bathrooms across two levels; Hardwood floors; tile in the kitchen and bathrooms; no carpet
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