Residential Income
1149 Garland Ave Austin, TX 78721
1149 Garland Ave, Austin, TX, 78721
$499,900
For Sale
$499,900
For-sale Austin residential income property totaling 2,526 square feet.
Property Size2,526 SF
Price / SF$197.90
Days on Market28
Property Features for 1149 Garland Ave
General Information
- Standard status
- Active
- Size
- 2,526 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 2003
Listing agency
Morris Green Properties
(512) 461-6566
Listed by
Andy Smith
Source
Buttross
Added: Jun 26 Updated: Jul 22 at 5:45PM Checked: Jul 22 at 5:45PM
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 Morris Green Properties
Investment Insights
Based on property information with market context.
This for-sale residential income property offers a total of 2,526 square feet and is positioned as an income-oriented asset in Austin’s Near Eastside area. The offering is presented for investors and buyers looking for an income-producing house property.
The property is located at 1149 Garland Ave, Austin, TX 78721. Its Near Eastside setting is reflected in the public remarks, positioning it within a well-known part of the city for residential demand.
With its income-property classification and defined building size, this is a straightforward option for buyers evaluating residential cash-flow opportunities in the Austin market.
The property is located at 1149 Garland Ave, Austin, TX 78721. Its Near Eastside setting is reflected in the public remarks, positioning it within a well-known part of the city for residential demand.
With its income-property classification and defined building size, this is a straightforward option for buyers evaluating residential cash-flow opportunities in the Austin market.
Key Highlights
- Income property with a total of 2,526 SF
- Built in 2003
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.8k | $26.04 |
| − Vacancy | −$3.4k | −$1.35 |
| EGI | $62.4k | $24.69 |
| − OpEx | −$28.1k | −$11.11 |
| NOI | $34.3k | $13.58 |
2,526 SF · lease $26.04/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$489.9K
$428.7K – $571.6K
NOI $34,296 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$989.9K
$866.1K – $1.15M
NOI $69,290 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Residential income property - For-sale Austin residential income property totaling 2,526 square feet.
Where is this residential income property located?
The property is located at 1149 Garland Ave Austin, TX.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Income property with a total of 2,526 SF; Built in 2003
