Clean Duplex Near 183 &
For Sale
$669,900
Pending
2712 Thrushwood Dr A & B, Austin, TX 78757
Ready duplex with easy access to restaurants and shopping.
Property Size2,094 SF
Lot Size0.19 Acres
Days on Market277
Property Features for 2712 Thrushwood Dr A & B
General Information
Standard status
Pending
Size
2,094 SF
Lot size
0.19 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$8,770
Building Details
Building Size
2,094 SF
Year Built
1969
Stories
1
Units
2
Listing Agency:
(512) 461-9590
Listed By:
Kathy Deeny
(512) 461-9590
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Jul 23 at 11:26AM
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 Kathy Deeny
Investment Insights
Based on property information with market context.
This clean duplex is located in the heart of 183 and Burnet Rd, providing easy access to MOPAC and 360, as well as numerous restaurants and shopping options. Unit A features 3 bedrooms and 2.5 baths, tile floors in the living, dining, and kitchen areas, and recessed lighting. The kitchen is equipped with quartz countertops, a gas cooktop, a microwave, a garbage disposal (installed in 2024), a refrigerator with an ice maker, and white cabinets. A large utility room offers space for a desk or folding table. Unit B has wood-look grey laminate floors throughout and a recent dishwasher. A Carrier HVAC system was installed in March 2025. Each unit includes a 1-car garage with additional parking spaces. The roof shingles were installed in 2024. A 9-foot concrete cinder-block wall provides privacy for both backyard patios.
Key Highlights
- Prime location near 183 and Burnet Rd, offering easy access to MOPAC, 360, restaurants, and shopping.
- Each unit has a 1‑car garage with multiple extra parking spaces.
- Side A features 3 bedrooms, 2 1/2 baths, tile floors, quartz countertops, and recessed lighting.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,933
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$618,660
$618.7K
Cap Rate 7%
$441,900
$441.9K
Cap Rate 9%
$343,700
$343.7K
Market Conditions
NOI Build-Up for 2,094 SF
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.
Gross rent
$46.5K $22.20/SF
− Vacancy
−$2.3K −$1.10/SF
EGI
$44.2K $21.10/SF
− OpEx
−$13.3K −$6.33/SF
NOI
$30.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$618,660
Cap Rate 7%
$441,900
Cap Rate 9%
$343,700
Alternative Uses
Best Use
Multifamily LT 5
$441.9K
$386.7K – $515.6K
NOI $30,933 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$406.2K
$355.4K – $473.9K
NOI $28,431 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$820.6K
$718.0K – $957.3K
NOI $57,440 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,151
Businesses Nearby
Explore this area
Business Placement
Demographics for 78757, TX
23,847
Population
11,930
Households
2
Avg Household Size
37
Median Age
68%
College-Educated
97%
High-School Grad
5.0 sq mi
ZIP Area
4,769
Density / Sq Mi
$104,946
Median Household Income
$65,886
Median Earnings
$1,661
Median Rent
$629,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Ready duplex with easy access to restaurants and shopping.
Where is this duplex located?
The property is located at 2712 Thrushwood Dr A & B Austin, TX.
What is the asking price?
The asking price for this property is $669,900.
What are key features of this property?
This property features: Prime location near 183 and Burnet Rd, offering easy access to MOPAC, 360, restaurants, and shopping.; Each unit has a 1‑car garage with multiple extra parking spaces.; Side A features **3 bedrooms, 2 1/2 baths, tile floors, quartz countertops, and recessed lighting.**
