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 Market501
Property Features for 2312 Thornton Road #B
General Information
Standard status
Active
Size
1,736 SF
Property subtype
Condominium
Site & Location
Neighborhood
Galindo
Amenities
Fireplace
Central
Central Air
Electric
Dryer
Dishwasher
Gas Cooktop
Disposal
Gas Oven
Microwave
Refrigerator
Washer
Deck, Patio, Porch, Electricity Available, Natural Gas Available, Shingle
Building Details
Building Size
1,736 SF
Year Built
2005
Listing Agency:
Austin SW
Listed By:
Colten Justus · License #0779808
(480) 369-4394
Source:
Kw
Added: Jun 11, 2025
Changed: Oct 8
Last Checked: Oct 23 at 3:40PM
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 Austin SW
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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
Estimated NOI and Cap Rate
NOI / Yr
$26,611
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,220
$532.2K
Cap Rate 7%
$380,157
$380.2K
Cap Rate 9%
$295,678
$295.7K
Market Conditions
NOI Build-Up for 1,736 SF
Gross rent
$51.0K $29.40/SF
− Vacancy
−$2.7K −$1.53/SF
EGI
$48.4K $27.87/SF
− OpEx
−$21.8K −$12.54/SF
NOI
$26.6K $15.33/SF
Area
ZIP 78704
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,220
Cap Rate 7%
$380,157
Cap Rate 9%
$295,678
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.
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Property Analytics
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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.
