Two-Story Duplex with Covered
1402 Southport Dr, Austin, TX 78704
For Sale
$744,700
Renovated two-level units include private laundry, fireplaces, and covered outdoor space.
Property Size2,007 SF
Price / SF$371.05
Days on Market255
Property Features for 1402 Southport Dr
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fireplace
covered terrace
in-unit laundry
Ceiling Fan(s)
Granite Counters
Electric Dryer Hookup
Washer Hookup
Private Yard
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
StarPointe Realty CTX, LLC
(254) 213-3290
Listed By:
Brian Adams · License #0634766
(512) 763-7912
Source:
Casadulcerealty
Added: Feb 28
Changed: Nov 9
Last Checked: Nov 8 at 3:57PM
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 StarPointe Realty CTX, LLC
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Investment Insights
Based on property information with market context.
This 2,007-square-foot duplex contains two-story units, each with two full bathrooms, a fireplace, and its own laundry. Renovated interiors are paired with the building’s original 1973 construction. A covered terrace extends the rear living area, and carport parking serves the property.
The duplex is in Austin’s Southridge subdivision, just off South Lamar. Zilker Park, Barton Springs Pool, and the Barton Creek Greenbelt are within a short drive or bike ride, while downtown Austin is less than four miles north.
The duplex is in Austin’s Southridge subdivision, just off South Lamar. Zilker Park, Barton Springs Pool, and the Barton Creek Greenbelt are within a short drive or bike ride, while downtown Austin is less than four miles north.
Key Highlights
- 2,007‑square‑foot duplex built in 1973
- Two‑story layout in each unit, with two full bathrooms and a fireplace
- Separate laundry for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,456
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,120
$669.1K
Cap Rate 7%
$477,943
$477.9K
Cap Rate 9%
$371,733
$371.7K
Market Conditions
NOI Build-Up for 2,007 SF
Gross rent
$50.6K $25.20/SF
− Vacancy
−$2.8K −$1.39/SF
EGI
$47.8K $23.81/SF
− OpEx
−$14.3K −$7.14/SF
NOI
$33.5K $16.67/SF
Area
ZIP 78704
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,120
Cap Rate 7%
$477,943
Cap Rate 9%
$371,733
Alternative Uses
Best Use
Multifamily LT 5
$477.9K
$418.2K – $557.6K
NOI $33,456 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$439.5K
$384.6K – $512.8K
NOI $30,766 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$836.9K
$732.3K – $976.4K
NOI $58,584 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,978
Businesses Nearby
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Business Placement
Demographics for 78704, TX
49,197
Population
29,959
Households
1.6
Avg Household Size
34
Median Age
70%
College-Educated
94%
High-School Grad
8.8 sq mi
ZIP Area
5,591
Density / Sq Mi
$97,160
Median Household Income
$67,527
Median Earnings
$1,755
Median Rent
$862,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Austin, TX
Properties on Market for Duplexes in Austin
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-level units include private laundry, fireplaces, and covered outdoor space.
Where is this duplex located?
The property is located at 1402 Southport Dr Austin, TX.
What is the asking price?
The asking price for this property is $744,700.
What are key features of this property?
This property features: 2,007‑square‑foot duplex built in 1973; Two‑story layout in each unit, with two full bathrooms and a fireplace; Separate laundry for each unit
