Duplex Extended-Stay
For Sale
$1,599,000
1303 Newfield LN, Austin, TX 78703
Duplex with eight suites, each featuring a private ensuite bathroom, currently used as mid-term rentals.
Property Size4,392 SF
Price / SF$364.07
Days on Market148
Property Features for 1303 Newfield LN
General Information
Standard status
Active
Size
4,392 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$26,716
Building Details
Building Size
4,392 SF
Year Built
1981
Listing Agency:
Austin Marketing + Development
Listed By:
Adrian Salas
(512) 589-2677
Source:
Dianeprince
Added: Apr 14
Changed: Sep 8
Last Checked: Sep 8 at 11:16AM
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 Austin Marketing + Development
Investment Insights
Based on property information with market context.
This duplex, known as “Clarksville Suites,” is configured with eight suites across two units, and each suite has its own private ensuite bathroom. The floor plan was intentionally designed so that no bedrooms share a wall, supporting privacy and comfort for occupants. The property is currently operating as a mid-term rental and boutique extended-stay setup, with recent interior and system updates noted in the remarks.
The address is 1303 Newfield Ln in Austin, TX, and the remarks describe access to Downtown and nearby recreation areas, including Zilker Park and the Ann & Roy Butler Hike and Bike Trail.
Buyer should independently verify all information, including square footage, zoning, and permitted uses, as additional residential income or lodging use cases are mentioned as possibilities subject to local regulations and buyer verification.
The address is 1303 Newfield Ln in Austin, TX, and the remarks describe access to Downtown and nearby recreation areas, including Zilker Park and the Ann & Roy Butler Hike and Bike Trail.
Buyer should independently verify all information, including square footage, zoning, and permitted uses, as additional residential income or lodging use cases are mentioned as possibilities subject to local regulations and buyer verification.
Key Highlights
- Duplex built in 1981 with eight suites total across two units
- Each suite includes a private ensuite bathroom
- Approximately 4,392 SF of living space
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
$64,880
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
4.06%
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%
$1,297,600
$1.3M
Cap Rate 7%
$926,857
$926.9K
Cap Rate 9%
$720,889
$720.9K
Market Conditions
NOI Build-Up for 4,392 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
$97.5K $22.20/SF
− Vacancy
−$4.8K −$1.10/SF
EGI
$92.7K $21.10/SF
− OpEx
−$27.8K −$6.33/SF
NOI
$64.9K $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%
$1,297,600
Cap Rate 7%
$926,857
Cap Rate 9%
$720,889
Alternative Uses
Best Use
Multifamily LT 5
$926.9K
$811.0K – $1.08M
NOI $64,880 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$851.9K
$745.4K – $993.9K
NOI $59,631 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,475 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
Explore this area
Business Placement
Demographics for 78703, TX
22,194
Population
12,237
Households
1.8
Avg Household Size
38
Median Age
84%
College-Educated
99%
High-School Grad
5.6 sq mi
ZIP Area
3,963
Density / Sq Mi
$144,637
Median Household Income
$80,622
Median Earnings
$2,217
Median Rent
$1,353,500
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?
Duplex - Duplex with eight suites, each featuring a private ensuite bathroom, currently used as mid-term rentals.
Where is this duplex located?
The property is located at 1303 Newfield LN Austin, TX.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Duplex built in 1981 with eight suites total across two units; Each suite includes a private ensuite bathroom; Approximately 4,392 SF of living space
