Tenant-Occupied Townhomes For
For Sale
$499,800
13420 Lyndhurst St 401 408 303, Austin, TX 78729
Three tenant-occupied townhomes with green building certification and modern amenities.
Property Size2,752 SF
Days on Market276
Property Features for 13420 Lyndhurst St 401 408 303
General Information
Standard status
Active
Size
2,752 SF
Property subtype
Other
Building Details
Building Size
2,752 SF
Year Built
2010
Units
2
Listing Agency:
Cavalier Real Estate
(512) 656-5787
Listed By:
David Cavalier · License #0471274
(512) 656-5787
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 8
Last Checked: Aug 29 at 12:23PM
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 Cavalier Real Estate
Investment Insights
Based on property information with market context.
Three tenant-occupied townhomes are available for sale, including units 401, 408, and 303, consisting of two end units and one interior unit. The properties are certified as 5-Star Green Buildings by the City of Austin, which contributes to low utility bills and reduced maintenance. The townhomes offer a living experience similar to downtown, with a community park and picnic area. Each unit features a second-story balcony and Energy Star stainless steel appliances. A washer, dryer, and refrigerator are included. The community is pet-friendly and includes a dog park. Interior features include granite countertops, bamboo flooring, and a first-floor flex room equipped with a wet bar and powder room. The location provides convenient access to the Domain, Lakeline Mall, and Toll Road 45. Forest North and Round Rock ISD are within walking distance. The community has gate code access, making this a potentially sound investment.
Key Highlights
- Three tenant‑occupied townhomes being sold together, offering immediate rental income.
- Benefit from low utility bills and maintenance with a 5‑Star Green Building certification from the City of Austin.
- Convenient location near Domain, Lakeline Mall, Toll Road 45, and Forest North (Round Rock ISD).
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
$37,365
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
7.48%
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%
$747,300
$747.3K
Cap Rate 7%
$533,786
$533.8K
Cap Rate 9%
$415,167
$415.2K
Market Conditions
NOI Build-Up for 2,752 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
$71.7K $26.04/SF
− Vacancy
−$3.7K −$1.35/SF
EGI
$67.9K $24.69/SF
− OpEx
−$30.6K −$11.11/SF
NOI
$37.4K $13.58/SF
Area
Austin, TX
Vacancy
5.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$747,300
Cap Rate 7%
$533,786
Cap Rate 9%
$415,167
Alternative Uses
Best Use
Apartment 5plus
$533.8K
$467.1K – $622.8K
NOI $37,365 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$943.6K – $1.26M
NOI $75,489 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
179
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Three tenant-occupied townhomes with green building certification and modern amenities.
Where is this apartment building located?
The property is located at 13420 Lyndhurst St 401 408 303 Austin, TX.
What is the asking price?
The asking price for this property is $499,800.
What are key features of this property?
This property features: Three tenant‑occupied townhomes being sold together, offering immediate rental income.; Benefit from low utility bills and maintenance with a 5‑Star Green Building certification from the City of Austin.; Convenient location near Domain, Lakeline Mall, Toll Road 45, and Forest North (Round Rock ISD).
