Updated Duplex with Fenced
For Sale
$445,000
13355 Water Oak Ln, Austin, TX 78729
Two-unit property with refreshed finishes, private outdoor space, and convenient access to employment, rail, shopping, and trails.
Property Size2,018 SF
Price / SF$220.52
Days on Market46
Property Features for 13355 Water Oak Ln
General Information
Standard status
Active
Size
2,018 SF
Total Parking Spaces
1
Property subtype
Multi Family Home
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,334
Amenities
storage shed
privacy-fenced yard
Building Details
Building Size
2,018 SF
Year Built
1984
Buildings
1
Stories
1
Listing Agency:
Keller Williams Realty
(512) 346-3550
Listed By:
Laurie Flood · License #0522744
Source:
Loessinproperties
Added: Jul 9
Changed: Aug 12
Last Checked: Aug 22 at 1:57PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 2,018-square-foot duplex was built in 1984 and includes a one-car garage with an opener, plus washer and dryer connections. Side B has received recent interior and exterior improvements, including luxury vinyl plank flooring, updated trim, a new stove and refrigerator, window coverings, refreshed bathroom faucets and lighting, and a covered patio. The unit also includes a storage shed and a privacy-fenced yard that backs to a small creek. The referenced layout provides 2 bedrooms and 2 bathrooms.
The property is near major employers including Apple, eBay, and Electronic Arts, with a CapMetro Light Rail stop nearby. Shopping and dining are available in the Domain and Lakeline areas, while Lake Creek Trail is located 2 blocks away. Nearby elementary and middle schools are also noted.
The property is near major employers including Apple, eBay, and Electronic Arts, with a CapMetro Light Rail stop nearby. Shopping and dining are available in the Domain and Lakeline areas, while Lake Creek Trail is located 2 blocks away. Nearby elementary and middle schools are also noted.
Key Highlights
- 2,018‑square‑foot duplex built in 1984
- Side B updated with LVP flooring, trim, appliances, lighting, and bathroom fixtures
- 2‑bedroom, 2‑bath layout referenced for the property
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
$29,811
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
6.70%
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%
$596,220
$596.2K
Cap Rate 7%
$425,871
$425.9K
Cap Rate 9%
$331,233
$331.2K
Market Conditions
NOI Build-Up for 2,018 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
$44.8K $22.20/SF
− Vacancy
−$2.2K −$1.10/SF
EGI
$42.6K $21.10/SF
− OpEx
−$12.8K −$6.33/SF
NOI
$29.8K $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%
$596,220
Cap Rate 7%
$425,871
Cap Rate 9%
$331,233
Alternative Uses
Best Use
Multifamily LT 5
$425.9K
$372.6K – $496.9K
NOI $29,811 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$391.4K
$342.5K – $456.7K
NOI $27,399 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$790.8K
$691.9K – $922.6K
NOI $55,355 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with refreshed finishes, private outdoor space, and convenient access to employment, rail, shopping, and trails.
Where is this duplex located?
The property is located at 13355 Water Oak Ln Austin, TX.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 2,018‑square‑foot duplex built in 1984; Side B updated with LVP flooring, trim, appliances, lighting, and bathroom fixtures; 2‑bedroom, 2‑bath layout referenced for the property
