Updated Two-Unit
12307 DEER FALLS DR, Austin, TX 78729
For Sale
$450,000
Two matching residences offer private backyards and recent interior and garage improvements.
Property Size1,964 SF
Price / SF$229.12
Days on Market141
Property Features for 12307 DEER FALLS DR
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Jeremy Kunzinger, Broker
Listed By:
Jeremy Kunzinger
(512) 743-7885
Source:
Austinchoicerealty
Added: Jun 22
Changed: Nov 8
Last Checked: Nov 8 at 7:39PM
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 Jeremy Kunzinger, Broker
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Investment Insights
Based on property information with market context.
This 1,964-square-foot duplex, built in 1984, contains two matching units, each with two bedrooms and two full bathrooms plus a half bath. Recent work includes replacement carpet, fresh paint, stone bathroom countertops and new garage doors. Each residence also has a backyard that faces green space without a rear neighbor.
The property is in North Austin, near the Domain, the Arboretum, light rail and bus service. A community pool, playground and tennis courts are one street away. The homes are assigned to Round Rock ISD.
The property is in North Austin, near the Domain, the Arboretum, light rail and bus service. A community pool, playground and tennis courts are one street away. The homes are assigned to Round Rock ISD.
Key Highlights
- Two‑unit duplex with 1,964 square feet; built in 1984
- Each unit has 2 bedrooms, 2 full bathrooms and 1 half bath
- Backyards at both units face green space, with no rear neighbor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,013
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,260
$580.3K
Cap Rate 7%
$414,471
$414.5K
Cap Rate 9%
$322,367
$322.4K
Market Conditions
NOI Build-Up for 1,964 SF
Gross rent
$43.6K $22.20/SF
− Vacancy
−$2.2K −$1.10/SF
EGI
$41.4K $21.10/SF
− OpEx
−$12.4K −$6.33/SF
NOI
$29.0K $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 Rate 5%
$580,260
Cap Rate 7%
$414,471
Cap Rate 9%
$322,367
Alternative Uses
Best Use
Multifamily LT 5
$414.5K
$362.7K – $483.6K
NOI $29,013 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$380.9K
$333.3K – $444.4K
NOI $26,666 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$769.6K
$673.4K – $897.9K
NOI $53,874 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
50%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
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Business Placement
Demographics for 78729, TX
31,829
Population
15,717
Households
2
Avg Household Size
35
Median Age
61%
College-Educated
97%
High-School Grad
9.8 sq mi
ZIP Area
3,248
Density / Sq Mi
$81,589
Median Household Income
$54,271
Median Earnings
$1,613
Median Rent
$434,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Austin, TX
Properties on Market for Duplexes in Austin
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer private backyards and recent interior and garage improvements.
Where is this duplex located?
The property is located at 12307 DEER FALLS DR Austin, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,964 square feet; built in 1984; Each unit has 2 bedrooms, 2 full bathrooms and 1 half bath; Backyards at both units face green space, with no rear neighbor
