South Austin Condo with
For Sale
$709,000
2312 Thornton Road #B, Austin, TX 78704
Charming 2-bedroom condo in South Austin with private balcony.
Property Size1,736 SF
Price / SF$408.41
Days on Market421
Property Features for 2312 Thornton Road #B
General Information
Standard status
Active
Size
1,736 SF
Property subtype
Condominium
Building Details
Year Built
2005
Listing Agency:
RazBerry & Associates Real Estate Company, Inc.
(480) 369-4394
Listed By:
Colten Justus · License #0779808
(480) 369-4394
Source:
Kw
Added: Jun 11, 2025
Changed: Jul 6
Last Checked: Aug 5 at 12:03PM
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 RazBerry & Associates Real Estate Company, Inc.
Investment Insights
Based on property information with market context.
Located in South Austin, this condo features 2 bedrooms and 2.5 bathrooms. The property offers an open-concept living and dining area filled with natural light. A private balcony provides views of a private yard. Each bedroom includes an ensuite bathroom. The property is located close to dining, shopping, and entertainment options, and is also located minutes from downtown Austin. Reserved parking is available. The property size is 1736 square feet.
Key Highlights
- Prime South Austin location, offering convenience to dining, shopping, and entertainment.
- Open‑concept living and dining area with abundant natural light.
- Two bedrooms, each with its own ensuite bathroom, ensuring privacy.
Financial Insights For Apartment 5plus
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 | $51.0k | $29.40 |
| − Vacancy | −$2.7k | −$1.53 |
| EGI | $48.4k | $27.87 |
| − OpEx | −$21.8k | −$12.54 |
| NOI | $26.6k | $15.33 |
1,736 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$380.2K
$332.6K – $443.5K
NOI $26,611 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$723.9K
$633.4K – $844.6K
NOI $50,674 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,758
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Charming 2-bedroom condo in South Austin with private balcony.
Where is this apartment building located?
The property is located at 2312 Thornton Road #B Austin, TX.
What is the asking price?
The asking price for this property is $709,000.
What are key features of this property?
This property features: Prime South Austin location, offering convenience to dining, shopping, and entertainment.; Open‑concept living and dining area with abundant natural light.; Two bedrooms, each with its own ensuite bathroom, ensuring privacy.
