Duplex with Shared
2113 Rabb RD, Austin, TX 78704
For Sale
$1,049,000
One three-bedroom residence includes a balcony, covered porch, and private backyard.
Property Size2,524 SF
Price / SF$415.61
Days on Market132
Property Features for 2113 Rabb RD
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private pool
fire pits
picnic tables
common area
Building Details
Building Size
Year Built
Listing Agency:
Compass RE Texas, LLC
Listed By:
Kevin Haines · License #0503092
(512) 294-9002
Source:
Austinchoicerealty
Added: Jul 1
Changed: Nov 8
Last Checked: Nov 8 at 1:37PM
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.
This 2,524-square-foot duplex, built in 1963, includes a three-bedroom residence with a primary suite, balcony, covered rear porch, and backyard. The balcony overlooks the pool and shared grounds. Community amenities include a pool, five fire pits, and picnic tables beneath mature shade trees.
The property is within walking distance of Downtown, Zilker Park, the Barton Creek Greenbelt, and South Lamar shopping and restaurants.
The property is within walking distance of Downtown, Zilker Park, the Barton Creek Greenbelt, and South Lamar shopping and restaurants.
Key Highlights
- 2,524‑square‑foot duplex built in 1963
- One residence has three bedrooms, a primary suite, and a balcony
- Covered rear porch and private backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,075
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$841,500
$841.5K
Cap Rate 7%
$601,071
$601.1K
Cap Rate 9%
$467,500
$467.5K
Market Conditions
NOI Build-Up for 2,524 SF
Gross rent
$63.6K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$60.1K $23.81/SF
− OpEx
−$18.0K −$7.14/SF
NOI
$42.1K $16.67/SF
Area
ZIP 78704
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$841,500
Cap Rate 7%
$601,071
Cap Rate 9%
$467,500
Alternative Uses
Best Use
Multifamily LT 5
$601.1K
$525.9K – $701.3K
NOI $42,075 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$552.7K
$483.6K – $644.9K
NOI $38,691 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$1.05M
$920.9K – $1.23M
NOI $73,675 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,063
Businesses Nearby
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Business Placement
Demographics for 78704, TX
49,197
Population
29,959
Households
1.6
Avg Household Size
34
Median Age
70%
College-Educated
94%
High-School Grad
8.8 sq mi
ZIP Area
5,591
Density / Sq Mi
$97,160
Median Household Income
$67,527
Median Earnings
$1,755
Median Rent
$862,000
Median Home Value
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Market
Average Price Trend$/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 - One three-bedroom residence includes a balcony, covered porch, and private backyard.
Where is this duplex located?
The property is located at 2113 Rabb RD Austin, TX.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: 2,524‑square‑foot duplex built in 1963; One residence has three bedrooms, a primary suite, and a balcony; Covered rear porch and private backyard
