Two-Unit Duplex with Alley
For Sale
$649,000
1401 Kirkwood Rd, Austin, TX 78722
Two separate residences each offer a two-bedroom, one-bath layout, with wood floors and tile accents.
Property Size1,850 SF
Price / SF$350.81
Days on Market17
Property Features for 1401 Kirkwood Rd
General Information
Standard status
Active
Size
1,850 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
Hancock
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,089
Amenities
Balcony
Building Details
Building Size
1,850 SF
Year Built
1948
Stories
2
Listing Agency:
StoneHaven Realty
(512) 346-4681
Listed By:
Samantha Hale
Source:
Georgereinemund
Added: Oct 8
Changed: Oct 23
Last Checked: Oct 23 at 2:18PM
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 StoneHaven Realty
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Investment Insights
Based on property information with market context.
This 1948 duplex contains two separate residences, each arranged with two bedrooms and one bathroom. Interior details include wood flooring and tile accents, with functional living areas in both units. The two-unit configuration accommodates separate household use or rental occupancy.
The property occupies a corner lot in Austin’s Delwood/Cherrywood area, with alley access and mature trees. Downtown, major roadways, dining, shopping, and entertainment are accessible from the established neighborhood setting.
The property occupies a corner lot in Austin’s Delwood/Cherrywood area, with alley access and mature trees. Downtown, major roadways, dining, shopping, and entertainment are accessible from the established neighborhood setting.
Key Highlights
- Two residential units, each with 2 bedrooms and 1 bathroom
- Built in 1948
- Corner lot with alley access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,329
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,580
$546.6K
Cap Rate 7%
$390,414
$390.4K
Cap Rate 9%
$303,656
$303.7K
Market Conditions
NOI Build-Up for 1,850 SF
Gross rent
$41.1K $22.20/SF
− Vacancy
−$2.0K −$1.10/SF
EGI
$39.0K $21.10/SF
− OpEx
−$11.7K −$6.33/SF
NOI
$27.3K $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 Rate 5%
$546,580
Cap Rate 7%
$390,414
Cap Rate 9%
$303,656
Alternative Uses
Best Use
Multifamily LT 5
$390.4K
$341.6K – $455.5K
NOI $27,329 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$358.8K
$314.0K – $418.6K
NOI $25,118 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$725.0K
$634.3K – $845.8K
NOI $50,747 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,801
Businesses Nearby
Explore this area
Business Placement
Demographics for 78722, TX
6,618
Population
3,278
Households
2
Avg Household Size
35
Median Age
69%
College-Educated
98%
High-School Grad
1.4 sq mi
ZIP Area
4,727
Density / Sq Mi
$101,034
Median Household Income
$66,107
Median Earnings
$1,837
Median Rent
$661,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences each offer a two-bedroom, one-bath layout, with wood floors and tile accents.
Where is this duplex located?
The property is located at 1401 Kirkwood Rd Austin, TX.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 bathroom; Built in 1948; Corner lot with alley access
