Duplex with Private
2005 Matthews LN # 2, Austin, TX 78745
For Sale
$489,000
Each residence offers two bedrooms, two bathrooms, indoor laundry, and a one-car attached garage.
Property Size2,048 SF
Price / SF$238.77
Days on Market354
Property Features for 2005 Matthews LN # 2
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Compass RE Texas, LLC
Listed By:
James Watson · License #0450654
(512) 964-5151
Source:
Austinchoicerealty
Added: Nov 21, 2025
Changed: Nov 8
Last Checked: Nov 8 at 5:17PM
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 1972, this 2,048-square-foot duplex contains two identical residences, each with two bedrooms, two bathrooms, an indoor utility room, and an attached one-car garage. Sliding glass doors open to separate fenced yards with patios. The A unit’s yard includes a large century oak tree; the B unit also has a private outdoor area.
Interior updates include upgraded windows, laminate and tile flooring, kitchen cabinetry and granite tile counters, and refreshed bathrooms with tile floors, tub surrounds, cabinets, and counters. The roof was replaced in 2018, and the water heaters have been updated. HVAC systems were replaced in the A unit in 2025 and the B unit in 2019. Ample parking is provided for each residence.
Interior updates include upgraded windows, laminate and tile flooring, kitchen cabinetry and granite tile counters, and refreshed bathrooms with tile floors, tub surrounds, cabinets, and counters. The roof was replaced in 2018, and the water heaters have been updated. HVAC systems were replaced in the A unit in 2025 and the B unit in 2019. Ample parking is provided for each residence.
Key Highlights
- Two identical units, each with 2 bedrooms and 2 bathrooms
- 2,048 square feet total; built in 1972
- Each residence has a 1‑car attached garage, indoor utility room, and fenced yard with patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,171
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,420
$603.4K
Cap Rate 7%
$431,014
$431.0K
Cap Rate 9%
$335,233
$335.2K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$45.5K $22.20/SF
− Vacancy
−$2.4K −$1.15/SF
EGI
$43.1K $21.05/SF
− OpEx
−$12.9K −$6.31/SF
NOI
$30.2K $14.73/SF
Area
ZIP 78745
Vacancy
5.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,420
Cap Rate 7%
$431,014
Cap Rate 9%
$335,233
Alternative Uses
Best Use
Multifamily LT 5
$431.0K
$377.1K – $502.9K
NOI $30,171 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$398.1K
$348.3K – $464.4K
NOI $27,865 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$856.1K
$749.1K – $998.8K
NOI $59,928 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Explore this area
Business Placement
Demographics for 78745, TX
59,843
Population
31,246
Households
1.9
Avg Household Size
36
Median Age
54%
College-Educated
93%
High-School Grad
13.7 sq mi
ZIP Area
4,368
Density / Sq Mi
$84,529
Median Household Income
$56,551
Median Earnings
$1,655
Median Rent
$459,100
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Austin, TX
Properties on Market for Duplexes in Austin
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, two bathrooms, indoor laundry, and a one-car attached garage.
Where is this duplex located?
The property is located at 2005 Matthews LN # 2 Austin, TX.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Two identical units, each with 2 bedrooms and 2 bathrooms; 2,048 square feet total; built in 1972; Each residence has a 1‑car attached garage, indoor utility room, and fenced yard with patio
