Updated Duplex with
12512 Esplanade St Austin, TX 78727
New
12512 Esplanade St, Austin, TX, 78727
$450,000
For Sale
$450,000
Two-unit duplex on a large lot with an extensively updated unit and a second unit suited for renovation.
Property Size1,936 SF
Lot Size0.24 Acres
Price / SF$232.44
Days on Market7
Property Features for 12512 Esplanade St
General Information
- Standard status
- Active
- Size
- 1,936 SF
- Lot size
- 0.24 Acres
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1982
Listing agency
Cultivate Realty Inc
(512) 559-3000
Listed by
Anjalicia Ufomata
Source
Buttross
Added: Jul 15 Updated: Jul 21 at 6:31AM Checked: Jul 21 at 6:31AM
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 Cultivate Realty Inc
Investment Insights
Based on property information with market context.
This duplex offers two separate units on a spacious lot, with one unit extensively updated. Updates noted include new flooring, refreshed bathrooms, cabinetry and countertops, appliances, fireplace, windows, and modern light fixtures, creating a move-in-ready layout. The second unit is positioned as a value-add option for buyers or investors seeking renovation opportunities.
The property is located in the Lamplight Village area of North Austin, with convenient access to major employers and regional destinations, including The Domain and Q2 Stadium, as well as Mopac, I-35, and SH-45. The site includes ample parking and a yard.
With its two-unit configuration and mix of updated and renovation-ready space, the property is suited to buyers looking for flexibility in residential income ownership.
The property is located in the Lamplight Village area of North Austin, with convenient access to major employers and regional destinations, including The Domain and Q2 Stadium, as well as Mopac, I-35, and SH-45. The site includes ample parking and a yard.
With its two-unit configuration and mix of updated and renovation-ready space, the property is suited to buyers looking for flexibility in residential income ownership.
Key Highlights
- Duplex built in 1982 with two units on a 10,411 sq. ft. lot in the Lamplight Village neighborhood
- One unit has been extensively updated with new flooring, updated bathrooms, refreshed cabinetry and countertops, new appliances, a fireplace, new windows, and modern light fixtures
- Second unit is suited for renovation and value‑add, offering flexibility for investors or buyers
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.0k | $22.20 |
| − Vacancy | −$2.1k | −$1.10 |
| EGI | $40.9k | $21.10 |
| − OpEx | −$12.3k | −$6.33 |
| NOI | $28.6k | $14.77 |
1,936 SF · lease $22.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$408.6K
$357.5K – $476.7K
NOI $28,599 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$375.5K
$328.6K – $438.1K
NOI $26,286 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$758.7K
$663.8K – $885.1K
NOI $53,106 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-unit duplex on a large lot with an extensively updated unit and a second unit suited for renovation.
Where is this duplex located?
The property is located at 12512 Esplanade St 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: Duplex built in 1982 with two units on a 10,411 sq. ft. lot in the Lamplight Village neighborhood; One unit has been extensively updated with new flooring, updated bathrooms, refreshed cabinetry and countertops, new appliances, a fireplace, new windows, and modern light fixtures; Second unit is suited for renovation and value‑add, offering flexibility for investors or buyers
