Updated Duplex with Two-Bedroom
New
For Sale
$399,900
2003 Leeann DR, Austin, TX 78758
Two leased residences feature private two-bathroom layouts and recent interior improvements, including appliances, flooring, paint, and fixtures.
Property Size1,777 SF
Days on Market6
Property Features for 2003 Leeann DR
General Information
Standard status
Active
Size
1,777 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Asking Price
$399,900
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,547
Building Details
Building Size
1,777 SF
Year Built
1984
Listing Agency:
Neighborhood Realty&Prop Mgmt
(512) 335-8686
Listed By:
Patrick Juve · License #0538222
Source:
Lisacontaldi
Added: Jul 31
Changed: Aug 4
Last Checked: Aug 5 at 5:05AM
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 Neighborhood Realty&Prop Mgmt
Investment Insights
Based on property information with market context.
Built in 1984, this duplex contains two 2-bedroom, 2-bathroom residences, giving each side a full two-bathroom layout. Recent work includes new appliances, fresh interior paint, vinyl plank flooring, and upgraded fixtures. Both units are currently leased, providing an in-place income profile for the next owner.
The property is in the Village at Walnut Creek subdivision, adjacent to Walnut Creek Metropolitan Park, a 293-acre recreation area with trails and green space. The surrounding North Austin setting offers access to The Domain, Q2 Stadium, Austin Community College Northridge Campus, North Austin Medical Center, and Dell and Apple campuses. Connectivity includes Mopac (Loop 1), Parmer Lane, and I-35.
The property is in the Village at Walnut Creek subdivision, adjacent to Walnut Creek Metropolitan Park, a 293-acre recreation area with trails and green space. The surrounding North Austin setting offers access to The Domain, Q2 Stadium, Austin Community College Northridge Campus, North Austin Medical Center, and Dell and Apple campuses. Connectivity includes Mopac (Loop 1), Parmer Lane, and I-35.
Key Highlights
- Duplex with two 2‑bedroom, 2‑bathroom residences
- Both units currently leased
- Recent improvements include appliances, paint, vinyl plank flooring, and upgraded fixtures
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 | $39.4k | $22.20 |
| − Vacancy | −$1.9k | −$1.10 |
| EGI | $37.5k | $21.10 |
| − OpEx | −$11.3k | −$6.33 |
| NOI | $26.3k | $14.77 |
1,777 SF · lease $22.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$375.0K
$328.1K – $437.5K
NOI $26,250 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$344.7K
$301.6K – $402.1K
NOI $24,127 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$696.3K
$609.3K – $812.4K
NOI $48,744 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,673
Businesses Nearby
Explore this area
Business Placement
Demographics for 78758, TX
49,831
Population
25,745
Households
1.9
Avg Household Size
32
Median Age
46%
College-Educated
85%
High-School Grad
9.1 sq mi
ZIP Area
5,476
Density / Sq Mi
$69,019
Median Household Income
$47,685
Median Earnings
$1,549
Median Rent
$419,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences feature private two-bathroom layouts and recent interior improvements, including appliances, flooring, paint, and fixtures.
Where is this duplex located?
The property is located at 2003 Leeann DR Austin, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 2‑bathroom residences; Both units currently leased; Recent improvements include appliances, paint, vinyl plank flooring, and upgraded fixtures
