Duplex with Fenced
For Sale
$450,000
2200 Granberry Dr, Austin, TX 78745
Both units are leased and offer two-bedroom, two-bath layouts with private fenced outdoor space.
Property Size1,898 SF
Price / SF$237.09
Days on Market43
Property Features for 2200 Granberry Dr
General Information
Standard status
Active
Size
1,898 SF
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,477
Amenities
fenced yard
Building Details
Building Size
1,898 SF
Year Built
1984
Buildings
1
Stories
1
Listing Agency:
Compass RE Texas, LLC
(512) 575-3644
Listed By:
Samantha Adler · License #0478862
(512) 293-0276
Source:
Loessinproperties
Added: Jul 24
Changed: Sep 4
Last Checked: Aug 22 at 11:23AM
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
Investment Insights
Based on property information with market context.
This 1,898-square-foot duplex includes two leased units, each arranged with two bedrooms and two bathrooms. Interior finishes include laminate flooring through the kitchens, family rooms, and dining areas, while the bedrooms have carpet. Fenced yard space serves as an additional property feature, and the roof was replaced in 2020.
Located at 2200 Granberry Drive in South Austin, the property is a short drive from downtown Austin and near South Austin entertainment destinations including Moontower and The Hive. Both sides have been rented in less than 30 DOM, supporting the property's established rental occupancy.
Located at 2200 Granberry Drive in South Austin, the property is a short drive from downtown Austin and near South Austin entertainment destinations including Moontower and The Hive. Both sides have been rented in less than 30 DOM, supporting the property's established rental occupancy.
Key Highlights
- 1,898‑square‑foot duplex with two‑bedroom, two‑bath layouts
- Both units are currently rented
- Roof replaced in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,961
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$559,220
$559.2K
Cap Rate 7%
$399,443
$399.4K
Cap Rate 9%
$310,678
$310.7K
Market Conditions
NOI Build-Up for 1,898 SF
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.
Gross rent
$42.1K $22.20/SF
− Vacancy
−$2.2K −$1.15/SF
EGI
$39.9K $21.05/SF
− OpEx
−$12.0K −$6.31/SF
NOI
$28.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$559,220
Cap Rate 7%
$399,443
Cap Rate 9%
$310,678
Alternative Uses
Best Use
Multifamily LT 5
$399.4K
$349.5K – $466.0K
NOI $27,961 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$368.9K
$322.8K – $430.4K
NOI $25,824 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$793.4K
$694.2K – $925.7K
NOI $55,539 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
815
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both units are leased and offer two-bedroom, two-bath layouts with private fenced outdoor space.
Where is this duplex located?
The property is located at 2200 Granberry Dr Austin, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,898‑square‑foot duplex with two‑bedroom, two‑bath layouts; Both units are currently rented; Roof replaced in 2020
