Dual-Home Duplex on One
1908 E 21st St #1 and 2 Austin, TX 78722
For Sale
$650,000
Two standalone residences on one lot, including a 2018 rear 2-bed/2-bath home and a 1935 updated bungalow.
Property Size1,799 SF
Price / SF$361.31
Days on Market73
Property Features for 1908 E 21st St #1 and 2
General Information
- Standard status
- Active
- Size
- 1,799 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1935
Listing Agency:
eXp Realty, LLC
(888) 519-7431
Listed By:
Laura Hoke · License #0810291
Source:
Buttross
Added: May 14
Changed: Jul 22
Last Checked: Jul 24 at 4:42PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This dual-home duplex offers two separate residences on one lot: a rear home built in 2018 and a front bungalow dating to 1935. The rear residence is a modern 2-bedroom, 2-bath layout with an open-concept design and contemporary finishes, designed around natural light. The front home is a charming 1935 bungalow with updated kitchen and bath spaces that blend character with functionality.
The property is positioned in a walkable Austin neighborhood and is just two blocks from the UT baseball stadium. It is also described as being minutes from Downtown Austin and close to the University of Texas, restaurants, coffee shops, entertainment, and major employers, supporting a strong mix of tenant demand.
With two standalone homes under one ownership, the setup can accommodate a variety of living and income arrangements, including owner occupancy with a separate residence, multi-generational use, or rental flexibility. Buyer should independently verify all information, as tax and assessed values are estimates only.
The property is positioned in a walkable Austin neighborhood and is just two blocks from the UT baseball stadium. It is also described as being minutes from Downtown Austin and close to the University of Texas, restaurants, coffee shops, entertainment, and major employers, supporting a strong mix of tenant demand.
With two standalone homes under one ownership, the setup can accommodate a variety of living and income arrangements, including owner occupancy with a separate residence, multi-generational use, or rental flexibility. Buyer should independently verify all information, as tax and assessed values are estimates only.
Key Highlights
- Two standalone residences on one lot: a 2018 rear 2‑bed/2‑bath home plus a 1935 updated bungalow
- 2018 rear home features an open‑concept layout with 2 bedrooms and 2 bathrooms
- 1935 front bungalow offers updated kitchen and bath spaces while retaining original character
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.9k | $22.20 |
| − Vacancy | −$2.0k | −$1.10 |
| EGI | $38.0k | $21.10 |
| − OpEx | −$11.4k | −$6.33 |
| NOI | $26.6k | $14.77 |
1,799 SF · lease $22.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$379.6K
$332.2K – $442.9K
NOI $26,575 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$348.9K
$305.3K – $407.1K
NOI $24,425 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$705.0K
$616.9K – $822.5K
NOI $49,348 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two standalone residences on one lot, including a 2018 rear 2-bed/2-bath home and a 1935 updated bungalow.
Where is this duplex located?
The property is located at 1908 E 21st St #1 and 2 Austin, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two standalone residences on one lot: a 2018 rear 2‑bed/2‑bath home plus a 1935 updated bungalow; 2018 rear home features an open‑concept layout with 2 bedrooms and 2 bathrooms; 1935 front bungalow offers updated kitchen and bath spaces while retaining original character
