Remodeled Duplex on Corner
15504 Spring Hill LN, Pflugerville, TX 78660
For Sale
$495,000
Each residence offers a two-bedroom, two-bathroom layout, with the property suitable for rental or owner occupancy.
Property Size2,549 SF
Price / SF$194.19
Days on Market1533
Property Features for 15504 Spring Hill LN
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Jimmy Joseph Realtors
Listed By:
Jay Robinson · License TX #0548652
(512) 589-2050
Source:
Friedmanrealtors
Added: Aug 31, 2022
Changed: Nov 7
Last Checked: Nov 9 at 1:10PM
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 Jimmy Joseph Realtors
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Investment Insights
Based on property information with market context.
This 2,549-square-foot duplex, built in 1975, has been remodeled. Both residences are configured with two bedrooms and two bathrooms, providing the same practical layout on each side. The property sits on a large corner lot in Pflugerville, Texas, and may be used as a rental property or occupied by an owner.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- 2,549‑square‑foot duplex built in 1975
- Remodeled property on a large corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,743
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$854,860
$854.9K
Cap Rate 7%
$610,614
$610.6K
Cap Rate 9%
$474,922
$474.9K
Market Conditions
NOI Build-Up for 2,549 SF
Gross rent
$64.2K $25.20/SF
− Vacancy
−$3.2K −$1.24/SF
EGI
$61.1K $23.96/SF
− OpEx
−$18.3K −$7.19/SF
NOI
$42.7K $16.77/SF
Area
Travis County, TX
Vacancy
4.94%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$854,860
Cap Rate 7%
$610,614
Cap Rate 9%
$474,922
Alternative Uses
Best Use
Multifamily LT 5
$610.6K
$534.3K – $712.4K
NOI $42,743 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$558.2K
$488.4K – $651.2K
NOI $39,074 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$998.9K
$874.0K – $1.17M
NOI $69,921 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
970
Businesses Nearby
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Business Placement
Demographics for 78660, TX
110,955
Population
44,399
Households
2.5
Avg Household Size
34
Median Age
42%
College-Educated
93%
High-School Grad
44.6 sq mi
ZIP Area
2,488
Density / Sq Mi
$109,522
Median Household Income
$55,927
Median Earnings
$1,769
Median Rent
$369,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Travis County, TX
Properties on Market for Duplexes in Travis County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers a two-bedroom, two-bathroom layout, with the property suitable for rental or owner occupancy.
Where is this duplex located?
The property is located at 15504 Spring Hill LN Pflugerville, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; 2,549‑square‑foot duplex built in 1975; Remodeled property on a large corner lot
