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    500 W 55Th 1/2 St, Unit A and B Austin, TX 78751

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    For Sale
    $995,000

    Multifamily property with leases in place until July 2026.

    Lot size:
    0.16 Acres

    Property Features for 500 W 55Th 1/2 St

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    2013

    Source: Compass RE Texas, LLC Agent John Richardson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Property with Leased Units

    This multifamily property consists of two units. Unit A, the main home, is leased to four tenants until July 31, 2026, at a monthly rent of $3,695, with a security deposit equal to one month's rent. Unit B, the back house, is leased to two tenants until July 31, 2026, at a monthly rent of $2,330, with a security deposit. Both units include appliances that will convey with the property. Unit A features a laundry room, while Unit B has a laundry closet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -97.723727
    Latitude
    30.323014

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property with leases in place until July 2026.
    Where is this apartment building located?
    The property is located at 500 W 55Th 1/2 St, Unit A and B Austin, TX.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Both units are tenant-occupied until 7/31/2026, providing immediate rental income.; - Unit A generates a solid $3,695 per month in rent.; - Unit B generates $2,330 per month in rent.
    (512) 529-5476
    Request Owner's contact information
    500 W 55Th 1/2 St, Unit A and B Austin, TX 78751
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 W 55Th 1/2 St, Unit A and B Austin, TX 78751
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