Duplex with Vacant
For Sale
$375,000
1628 Royal Hill DR, Austin, TX 78741
One residence is leased, and the other is scheduled to be vacant at closing.
Property Size1,806 SF
Lot Size0.17 Acres
Price / SF$207.64
Days on Market66
Property Features for 1628 Royal Hill DR
General Information
Standard status
Active
Size
1,806 SF
Lot size
0.17 Acres
Property subtype
Duplex
Zoning
SF-3
Site & Location
Neighborhood
St. Edwards
Highway Access
Yes
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,245
Building Details
Building Size
1,806 SF
Year Built
1972
Listing Agency:
Keller Williams Realty
Listed By:
Dane Moreton
(737) 351-3579
Source:
Jorgensonrealestate
Added: Aug 29
Changed: Oct 31
Last Checked: Oct 31 at 2:24PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This duplex contains approximately 1,806 square feet on a 7,392-square-foot lot. Built in 1972, the property is zoned SF-3. One unit is leased, while the second is expected to be vacant at closing, providing two different occupancy situations at transfer.
The property is in Austin, with the listing noting proximity to Downtown Austin, East Riverside, South Congress, St. Edward’s University, I-35 and major employers.
The property is in Austin, with the listing noting proximity to Downtown Austin, East Riverside, South Congress, St. Edward’s University, I-35 and major employers.
Key Highlights
- Duplex with approximately 1,806 square feet
- 7,392‑square‑foot lot
- SF‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,679
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,580
$533.6K
Cap Rate 7%
$381,129
$381.1K
Cap Rate 9%
$296,433
$296.4K
Market Conditions
NOI Build-Up for 1,806 SF
Gross rent
$40.1K $22.20/SF
− Vacancy
−$2.0K −$1.10/SF
EGI
$38.1K $21.10/SF
− OpEx
−$11.4K −$6.33/SF
NOI
$26.7K $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%
$533,580
Cap Rate 7%
$381,129
Cap Rate 9%
$296,433
Alternative Uses
Best Use
Multifamily LT 5
$381.1K
$333.5K – $444.7K
NOI $26,679 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$350.3K
$306.5K – $408.7K
NOI $24,521 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$707.7K
$619.3K – $825.7K
NOI $49,540 @ 7.0% cap · market cap 13.21%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
917
Businesses Nearby
Explore this area
Business Placement
Demographics for 78741, TX
49,344
Population
24,763
Households
2
Avg Household Size
29
Median Age
49%
College-Educated
85%
High-School Grad
7.8 sq mi
ZIP Area
6,326
Density / Sq Mi
$66,434
Median Household Income
$41,533
Median Earnings
$1,477
Median Rent
$376,500
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 - One residence is leased, and the other is scheduled to be vacant at closing.
Where is this duplex located?
The property is located at 1628 Royal Hill DR Austin, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Duplex with approximately 1,806 square feet; 7,392‑square‑foot lot; SF‑3 zoning
