Updated Triplex in
For Sale
$599,000
901 Valdez St 1-3, Austin, TX 78741
Updated triplex near the airport, ACC, and Lady Bird Lake.
Property Size1,728 SF
Lot Size0.17 Acres
Days on Market279
Property Features for 901 Valdez St 1-3
General Information
Standard status
Active
Size
1,728 SF
Lot size
0.17 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$3,861
Building Details
Building Size
1,728 SF
Year Built
1965
Stories
1
Units
3
Listed By:
Eunice Garza · License #0480691
(512) 786-5192
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 31
Last Checked: Sep 1 at 9:50PM
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 Eunice Garza
Investment Insights
Based on property information with market context.
This updated triplex is located in the Montopolis neighborhood. The property features new interior and exterior paint. It includes one-bedroom units with large yards. Additional features include gated parking, porch covers, and new windows. The property is located close to the airport, Austin Community College (ACC), and Lady Bird Lake. The property is suitable for owner occupancy, with the potential to lease out the other units.
Key Highlights
- Updated Triplex: Fully updated with new interior and exterior paint, windows, gated parking and porch covers.
- Mortgage Hacking Opportunity: Live in one unit and rent out the other two to offset mortgage costs.
- Income Potential: Easy to lease 1‑bedroom units with big yards.
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
$25,527
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
4.26%
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%
$510,540
$510.5K
Cap Rate 7%
$364,671
$364.7K
Cap Rate 9%
$283,633
$283.6K
Market Conditions
NOI Build-Up for 1,728 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
$38.4K $22.20/SF
− Vacancy
−$1.9K −$1.10/SF
EGI
$36.5K $21.10/SF
− OpEx
−$10.9K −$6.33/SF
NOI
$25.5K $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%
$510,540
Cap Rate 7%
$364,671
Cap Rate 9%
$283,633
Alternative Uses
Best Use
Multifamily LT 5
$364.7K
$319.1K – $425.5K
NOI $25,527 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$335.2K
$293.3K – $391.0K
NOI $23,461 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$677.1K
$592.5K – $790.0K
NOI $47,400 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
375
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
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Frequently Asked Questions
What type of property is this?
Triplex - Updated triplex near the airport, ACC, and Lady Bird Lake.
Where is this triplex located?
The property is located at 901 Valdez St 1-3 Austin, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Updated Triplex: Fully updated with new interior and exterior paint, windows, gated parking and porch covers.; Mortgage Hacking Opportunity: Live in one unit and rent out the other two to offset mortgage costs.; Income Potential: Easy to lease 1‑bedroom units with big yards.
