Duplex with Two 2-Bedroom
1127 Hollow Creek Drive A and B, Austin, TX 78704
For Sale
$1,100,000
One side has an established short-term rental history; the other is leased month-to-month.
Property Size2,505 SF
Price / SF$439.12
Days on Market55
Property Features for 1127 Hollow Creek Drive A and B
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
MODUS Real Estate
(512) 920-5653
Listed By:
Alora Mery
(512) 749-4343
Source:
Hoydenhomes
Added: Sep 16
Changed: Nov 8
Last Checked: Nov 8 at 2:57PM
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 MODUS Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1978 duplex contains two separate units, each with 2 bedrooms and 2 bathrooms, across 2,505 square feet. The property combines an established short-term rental operation in Unit A with a month-to-month tenancy in Unit B. The existing lease arrangement gives the next owner the option to continue the tenancy or provide 60 days’ notice to vacate.
Barton Springs and Zilker Park are within walking distance. The property is also described as having access to Lady Bird Lake, downtown, restaurants, coffee shops, and outdoor spaces in Austin.
Barton Springs and Zilker Park are within walking distance. The property is also described as having access to Lady Bird Lake, downtown, restaurants, coffee shops, and outdoor spaces in Austin.
Key Highlights
- Two separate 2‑bedroom, 2‑bath units
- 2,505 square feet; built in 1978
- Unit A has an established Airbnb history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,758
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,160
$835.2K
Cap Rate 7%
$596,543
$596.5K
Cap Rate 9%
$463,978
$464.0K
Market Conditions
NOI Build-Up for 2,505 SF
Gross rent
$63.1K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$59.7K $23.81/SF
− OpEx
−$17.9K −$7.14/SF
NOI
$41.8K $16.67/SF
Area
ZIP 78704
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,160
Cap Rate 7%
$596,543
Cap Rate 9%
$463,978
Alternative Uses
Best Use
Multifamily LT 5
$596.5K
$522.0K – $696.0K
NOI $41,758 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$548.6K
$480.0K – $640.0K
NOI $38,400 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.04M
$914.0K – $1.22M
NOI $73,121 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,342
Businesses Nearby
Explore this area
Business Placement
Demographics for 78704, TX
49,197
Population
29,959
Households
1.6
Avg Household Size
34
Median Age
70%
College-Educated
94%
High-School Grad
8.8 sq mi
ZIP Area
5,591
Density / Sq Mi
$97,160
Median Household Income
$67,527
Median Earnings
$1,755
Median Rent
$862,000
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Austin, TX
Properties on Market for Duplexes in Austin
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One side has an established short-term rental history; the other is leased month-to-month.
Where is this duplex located?
The property is located at 1127 Hollow Creek Drive A and B Austin, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two separate 2‑bedroom, 2‑bath units; 2,505 square feet; built in 1978; Unit A has an established Airbnb history
