Austin Triplex Near East
For Sale
$990,000
6107 Palm Cir, Austin, TX 78741
Triplex with rental income potential near Downtown and East Riverside.
Property Size2,170 SF
Lot Size0.13 Acres
Days on Market275
Property Features for 6107 Palm Cir
General Information
Standard status
Active
Size
2,170 SF
Lot size
0.13 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$10,646
Building Details
Building Size
2,170 SF
Year Built
2022
Stories
2
Units
3
Listing Agency:
Trillionaire Realty
(512) 961-9722
Listed By:
Alma Spaulding · License #0487898
(512) 961-9722
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 15
Last Checked: Aug 29 at 2:26PM
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 Trillionaire Realty
Investment Insights
Based on property information with market context.
This triplex is located on Palm Cir, offering convenient access to Downtown Austin, the airport, and major employers via the East Riverside corridor. The property comprises two 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit, totaling 5 bedrooms and 3 bathrooms. The configuration allows for rental income, multi-generational living, or future updates. Nearby amenities include Roy G. Guerrero Park, Lady Bird Lake Trails, Meanwhile Brewing, and Buzz Mill Coffee. This central location offers an opportunity to create an Austin vision.
Key Highlights
- Newly built in 2022
- Triplex with income potential from two 2‑bedroom units and one 1‑bedroom unit
- Prime location near East Riverside corridor with quick access to Downtown and the airport
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
$32,056
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
3.24%
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%
$641,120
$641.1K
Cap Rate 7%
$457,943
$457.9K
Cap Rate 9%
$356,178
$356.2K
Market Conditions
NOI Build-Up for 2,170 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
$48.2K $22.20/SF
− Vacancy
−$2.4K −$1.10/SF
EGI
$45.8K $21.10/SF
− OpEx
−$13.7K −$6.33/SF
NOI
$32.1K $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%
$641,120
Cap Rate 7%
$457,943
Cap Rate 9%
$356,178
Alternative Uses
Best Use
Multifamily LT 5
$457.9K
$400.7K – $534.3K
NOI $32,056 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$420.9K
$368.3K – $491.1K
NOI $29,463 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$850.4K
$744.1K – $992.1K
NOI $59,525 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
Explore this area
Business Placement
Demographics for 78741, TX
49,344
Population
24,763
Households
2
Avg Household Size
29
Median Age
49%
College-Educated
85%
High-School Grad
7.8 sq mi
ZIP Area
6,326
Density / Sq Mi
$66,434
Median Household Income
$41,533
Median Earnings
$1,477
Median Rent
$376,500
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?
Triplex - Triplex with rental income potential near Downtown and East Riverside.
Where is this triplex located?
The property is located at 6107 Palm Cir Austin, TX.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Newly built in 2022; Triplex with income potential from two 2‑bedroom units and one 1‑bedroom unit; Prime location near East Riverside corridor with quick access to Downtown and the airport
