Duplex with Two 2-Bedroom
1127 Hollow Creek Dr #A and B, Austin, TX 78704
For Sale
$1,100,000
Unit A has Airbnb operating history, while Unit B is occupied under a month-to-month lease.
Property Size2,505 SF
Price / SF$439.12
Days on Market59
Property Features for 1127 Hollow Creek Dr #A and B
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
See Remarks
Ceiling Fan(s)
Quartz Counters
Walk-In Closet(s)
Private Yard
Building Details
Building Size
Year Built
Stories
Listing Agency:
MODUS Real Estate
(512) 920-5653
Listed By:
Alora Mery
(512) 749-4343
Source:
Knippaproperties
Added: Sep 16
Changed: Nov 12
Last Checked: Nov 12 at 2:25PM
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 2,505-square-foot duplex, built in 1978, contains two separate residences, each with two bedrooms and two bathrooms. Unit A has been used for Airbnb stays, and Unit B is occupied by a long-term tenant on a month-to-month lease. The tenant arrangement allows for continued occupancy or, with 60 days’ notice, a change in use or possession.
The property at 1127 Hollow Creek Dr is within walking distance of Barton Springs and Zilker Park. Lady Bird Lake, downtown Austin, restaurants, coffee shops, and outdoor spaces are also identified as nearby destinations.
The property at 1127 Hollow Creek Dr is within walking distance of Barton Springs and Zilker Park. Lady Bird Lake, downtown Austin, restaurants, coffee shops, and outdoor spaces are also identified as nearby destinations.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- 2,505 square feet; built in 1978
- Unit A has Airbnb operating 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
1,524
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 - Unit A has Airbnb operating history, while Unit B is occupied under a month-to-month lease.
Where is this duplex located?
The property is located at 1127 Hollow Creek Dr #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 residences, each with 2 bedrooms and 2 bathrooms; 2,505 square feet; built in 1978; Unit A has Airbnb operating history
