Three-Unit Triplex with Private Outdoor
202 E 31st Street Austin, TX 78705
202 E 31st Street, Austin, TX, 78705
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For Sale
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Triplex with two renovated units leased through July 2027, plus a carport-top unit on ETOD-zoned land.
Property Size1,847 SF
Lot Size0.20 Acres
Price / SF$517.05
Days on Market24
Property Features for 202 E 31st Street
General Information
- Standard status
- Active
- Size
- 1,847 SF
- Lot size
- 0.20 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1935
Listing agency
REspace LLC
(512) 762-8669
Listed by
Tony Lazarov · License #TX 9005423
Source
Crexi
Added: Jun 29 Updated: Jul 21 at 7:23PM Checked: Jul 21 at 7:23PM
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 REspace LLC
Investment Insights
Based on property information with market context.
This three-unit triplex includes two separate structures: a front duplex with Units A and B, and a rear carport-top unit (Unit C). Each unit has private outdoor space. Built in 1935 on a pier-and-beam foundation, the property benefits from renovations to two of the three units, with Units A and C fully renovated and leased through July 2027.
The land is MF-1 ETOD-zoned and sits in Austin’s North University area, about two blocks from the University of Texas campus.
Available for purchase as an income-producing asset, the layout supports either continued tenancy or future unit improvements after the July 2027 lease period referenced for Units A and C.
The land is MF-1 ETOD-zoned and sits in Austin’s North University area, about two blocks from the University of Texas campus.
Available for purchase as an income-producing asset, the layout supports either continued tenancy or future unit improvements after the July 2027 lease period referenced for Units A and C.
Key Highlights
- Triplex at 202 E 31st St with 3 income‑producing units on an 8,494 SF MF‑1 lot
- Two of the three units (Units A and B) and Unit C have been fully renovated and are leased through July 2027
- Property includes two structures: a front duplex (Units A and B) and a rear carport‑top unit (Unit C), each with private outdoor space
Local 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 | $41.0k | $22.20 |
| − Vacancy | −$2.0k | −$1.10 |
| EGI | $39.0k | $21.10 |
| − OpEx | −$11.7k | −$6.33 |
| NOI | $27.3k | $14.77 |
1,847 SF · lease $22.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$389.8K
$341.1K – $454.7K
NOI $27,284 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$358.2K
$313.5K – $418.0K
NOI $25,077 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$723.8K
$633.3K – $844.4K
NOI $50,664 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex with two renovated units leased through July 2027, plus a carport-top unit on ETOD-zoned land.
Where is this triplex located?
The property is located at 202 E 31st Street Austin, TX.
What is the asking price?
The asking price for this property is $955,000.
What are key features of this property?
This property features: Triplex at 202 E 31st St with 3 income‑producing units on an 8,494 SF MF‑1 lot; Two of the three units (Units A and B) and Unit C have been fully renovated and are leased through July 2027; Property includes two structures: a front duplex (Units A and B) and a rear carport‑top unit (Unit C), each with private outdoor space
