Updated
11417 Ptarmigan DR, Austin, TX 78758
For Sale
$585,000
Both units can be leased, or one can provide rental income while the other is occupied.
Property Size2,213 SF
Price / SF$264.35
Days on Market179
Property Features for 11417 Ptarmigan DR
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private fenced yards
Building Details
Building Size
Year Built
Listing Agency:
Property Management Services
Listed By:
Valerie Cullipher
(512) 615-2207
Source:
Ten42realty
Added: May 15
Changed: Nov 7
Last Checked: Nov 8 at 8:00PM
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 Property Management Services
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Investment Insights
Based on property information with market context.
Built in 1981, this 2,213-square-foot duplex contains 5 bedrooms and 3 bathrooms. The interiors have been updated, and each side has a private fenced yard. Garage parking is also included.
The property is in North Austin, near The Domain and major employment centers. It can be occupied on one side with the other rented, or operated with both units leased.
The property is in North Austin, near The Domain and major employment centers. It can be occupied on one side with the other rented, or operated with both units leased.
Key Highlights
- 2,213‑square‑foot duplex with 5 bedrooms and 3 bathrooms
- Interiors recently updated
- Private fenced yards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,691
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,820
$653.8K
Cap Rate 7%
$467,014
$467.0K
Cap Rate 9%
$363,233
$363.2K
Market Conditions
NOI Build-Up for 2,213 SF
Gross rent
$49.1K $22.20/SF
− Vacancy
−$2.4K −$1.10/SF
EGI
$46.7K $21.10/SF
− OpEx
−$14.0K −$6.33/SF
NOI
$32.7K $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%
$653,820
Cap Rate 7%
$467,014
Cap Rate 9%
$363,233
Alternative Uses
Best Use
Multifamily LT 5
$467.0K
$408.6K – $544.9K
NOI $32,691 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$429.2K
$375.6K – $500.8K
NOI $30,046 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$867.2K
$758.8K – $1.01M
NOI $60,704 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
965
Businesses Nearby
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Business Placement
Demographics for 78758, TX
49,831
Population
25,745
Households
1.9
Avg Household Size
32
Median Age
46%
College-Educated
85%
High-School Grad
9.1 sq mi
ZIP Area
5,476
Density / Sq Mi
$69,019
Median Household Income
$47,685
Median Earnings
$1,549
Median Rent
$419,300
Median Home Value
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Market
Average Price Trend$/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 - Both units can be leased, or one can provide rental income while the other is occupied.
Where is this duplex located?
The property is located at 11417 Ptarmigan DR Austin, TX.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 2,213‑square‑foot duplex with 5 bedrooms and 3 bathrooms; Interiors recently updated; Private fenced yards
