Duplex Extended-Stay
1303 Newfield Ln Austin, TX 78703
For Sale
Contact for pricing
Duplex with eight suites, each featuring a private ensuite bathroom, currently used as mid-term rentals.
Property Size4,392 SF
Price / SF$386.84
Days on Market95
Property Features for 1303 Newfield Ln
General Information
- Standard status
- Active
- Size
- 4,392 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1981
Listing Agency:
Austin Marketing + Development Group
Listed By:
Adrian Salas · License #9014959
Source:
Crexi
Added: Apr 22
Changed: Jul 22
Last Checked: Jul 24 at 4:59PM
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 Group
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 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 | $97.5k | $22.20 |
| − Vacancy | −$4.8k | −$1.10 |
| EGI | $92.7k | $21.10 |
| − OpEx | −$27.8k | −$6.33 |
| NOI | $64.9k | $14.77 |
4,392 SF · lease $22.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$926.9K
$811.0K – $1.08M
NOI $64,880 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$851.9K
$745.4K – $993.9K
NOI $59,631 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,475 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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 $1,699,000.
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
