Listing Agency: eXp Realty, LLC Show Phone

Listed By: Charles Lee Show Phone

Source: Exprealty

Added: Aug 21 Changed: Oct 5 Last Checked: Oct 16 at 11:15AM

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Investment Insights

Based on property information with market context.

This Travis Heights duplex contains two separately entered residences, each with 3 bedrooms, 1 full bath, and 875 sq ft. Both sides include private backyard space. The property totals 1,750 sq ft, with Side 2 vacant and ready for occupancy. Recent work to that unit includes interior painting, a new oven/range, and a new dishwasher.

Side 1 is subject to a 12-month lease with a long-time tenant, while Side 2 provides immediate flexibility for an owner-occupant or a new tenant. The property is located at 2206 Alta Vista Ave in Austin’s 78704 area, near South Congress Avenue, Big Stacy Neighborhood Park, and IH-35. Downtown Austin is also minutes away.

Key Highlights

• Two‑unit duplex at 2206 Alta Vista Ave, Austin, TX
• Each residence offers 3 bedrooms, 1 full bath, and 875 sq ft
• Both units have private entrances and backyard space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,172

Cap Rate

3.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$583,440 $583.4K

Cap Rate 7%

$416,743 $416.7K

Cap Rate 9%

$324,133 $324.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,750 SF

Gross rent

$44.1K $25.20/SF

− Vacancy

−$2.4K −$1.39/SF

EGI

$41.7K $23.81/SF

− OpEx

−$12.5K −$7.14/SF

NOI

$29.2K $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%

$583,440

Cap Rate 7%

$416,743

Cap Rate 9%

$324,133

Alternative Uses

Best Use

Multifamily LT 5

$416.7K

$364.7K – $486.2K (±1% cap)

NOI $29,172 @ 7.0% cap · market cap 3.76%

Second Best

Apartment 5plus

$383.2K

$335.3K – $447.1K (±1% cap)

NOI $26,826 @ 7.0% cap · market cap 3.46%

Theoretical Best

Office A

$729.7K

$638.5K – $851.4K (±1% cap)

NOI $51,082 @ 7.0% cap · market cap 6.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Plumbing Service Florist Home Appliance Store Locksmith Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,386

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Central Austin duplex with separate entrances, outdoor space, one vacant side, and a leased unit.

Where is this duplex located?

The property is located at 2206 Alta Vista Ave Austin, TX.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: Two‑unit duplex at 2206 Alta Vista Ave, Austin, TX; Each residence offers 3 bedrooms, 1 full bath, and 875 sq ft; Both units have private entrances and backyard space