Updated
New
For Sale
$1,150,000
1413 Valleyridge DR, Austin, TX 78704
Unit A can serve as an owner-occupied residence, a separate rental, or added living space.
Property Size2,528 SF
Days on Market5
Property Features for 1413 Valleyridge DR
General Information
Standard status
Active
Size
2,528 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,192
Building Details
Building Size
2,528 SF
Year Built
1971
Listing Agency:
Compass RE Texas, LLC
Listed By:
Douglas Byron · License #0488138
(512) 431-1217
Source:
Teamwestre
Added: Oct 13
Changed: Oct 17
Last Checked: Oct 16 at 4:06PM
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 Compass RE Texas, LLC
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Investment Insights
Based on property information with market context.
Built in 1971, this duplex has received recent updates and renovation work. Unit A offers flexibility for owner occupancy, separate rental, or use as additional living space; the two units can also be rented independently.
The property is in Austin’s 78704 ZIP code. Downtown Austin, South Congress, Lady Bird Lake, and Zilker Park are among the destinations with convenient access from the address.
The property is in Austin’s 78704 ZIP code. Downtown Austin, South Congress, Lady Bird Lake, and Zilker Park are among the destinations with convenient access from the address.
Key Highlights
- Duplex with two separate units
- Built in 1971
- Recent updates and renovations throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,141
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,820
$842.8K
Cap Rate 7%
$602,014
$602.0K
Cap Rate 9%
$468,233
$468.2K
Market Conditions
NOI Build-Up for 2,528 SF
Gross rent
$63.7K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$60.2K $23.81/SF
− OpEx
−$18.1K −$7.14/SF
NOI
$42.1K $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%
$842,820
Cap Rate 7%
$602,014
Cap Rate 9%
$468,233
Alternative Uses
Best Use
Multifamily LT 5
$602.0K
$526.8K – $702.4K
NOI $42,141 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$553.6K
$484.4K – $645.9K
NOI $38,752 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.05M
$922.4K – $1.23M
NOI $73,792 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,266
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Unit A can serve as an owner-occupied residence, a separate rental, or added living space.
Where is this duplex located?
The property is located at 1413 Valleyridge DR Austin, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Duplex with two separate units; Built in 1971; Recent updates and renovations throughout
