Duplex with Renovation
For Sale
$500,000
A-909 Hill Wood Dr, Austin, TX 78745
Two-unit residential property with one updated side and one unit requiring a full interior renovation.
Property Size1,646 SF
Price / SF$303.77
Days on Market632
Property Features for A-909 Hill Wood Dr
General Information
Standard status
Active
Size
1,646 SF
Property subtype
Residential Income
Property Condition
Severity
Major Repairs Needed
Evidence
needs to be completely redone
Building Details
Tenancy
Multi
Listing Agency:
The Groove Realty
Listed By:
Meghan Matta · License #0567260
(512) 876-9159
Source:
Exprealty
Added: Jan 23, 2025
Changed: Oct 3
Last Checked: Oct 16 at 12:32PM
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 The Groove Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 1,646 square feet and is configured as two residential units. Side A is occupied and described as being in good condition, while Side B is leased month-to-month and requires a complete renovation. Both units have long-term tenants, providing established occupancy at the property.
Located at A-909 Hill Wood Dr in Austin, Texas, the property includes a large lot. Tenant access is controlled, and showings are available by appointment through the broker. The contrasting condition of the two sides gives an owner-occupant or investor a property with one functioning unit and a substantial renovation scope in the other.
Located at A-909 Hill Wood Dr in Austin, Texas, the property includes a large lot. Tenant access is controlled, and showings are available by appointment through the broker. The contrasting condition of the two sides gives an owner-occupant or investor a property with one functioning unit and a substantial renovation scope in the other.
Key Highlights
- Two‑unit duplex at A‑909 Hill Wood Dr, Austin, TX
- 1,646‑square‑foot residential property
- Side A is occupied and in good condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,249
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,980
$485.0K
Cap Rate 7%
$346,414
$346.4K
Cap Rate 9%
$269,433
$269.4K
Market Conditions
NOI Build-Up for 1,646 SF
Gross rent
$36.5K $22.20/SF
− Vacancy
−$1.9K −$1.15/SF
EGI
$34.6K $21.05/SF
− OpEx
−$10.4K −$6.31/SF
NOI
$24.2K $14.73/SF
Area
ZIP 78745
Vacancy
5.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,980
Cap Rate 7%
$346,414
Cap Rate 9%
$269,433
Alternative Uses
Best Use
Multifamily LT 5
$346.4K
$303.1K – $404.2K
NOI $24,249 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$319.9K
$279.9K – $373.3K
NOI $22,395 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$688.1K
$602.1K – $802.8K
NOI $48,165 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
891
Businesses Nearby
Explore this area
Business Placement
Demographics for 78745, TX
59,843
Population
31,246
Households
1.9
Avg Household Size
36
Median Age
54%
College-Educated
93%
High-School Grad
13.7 sq mi
ZIP Area
4,368
Density / Sq Mi
$84,529
Median Household Income
$56,551
Median Earnings
$1,655
Median Rent
$459,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with one updated side and one unit requiring a full interior renovation.
Where is this duplex located?
The property is located at A-909 Hill Wood Dr Austin, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑unit duplex at A‑909 Hill Wood Dr, Austin, TX; 1,646‑square‑foot residential property; Side A is occupied and in good condition
