Duplex with Fenced
For Sale
$500,000
2400 Berkett Drive, Austin, TX 78745
Both residences are leased, with separate outdoor areas and a shared carport.
Property Size1,680 SF
Price / SF$297.62
Days on Market41
Property Features for 2400 Berkett Drive
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Neighborhood
Garrison Park
Road Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Tenant in Place
Yes
Amenities
private fenced yards
Building Details
Year Built
1981
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Compass RE Texas, LLC
(512) 575-3644
Listed By:
Manny Arce · License #0545010
(512) 296-3274
Source:
Hoydenhomes
Added: Sep 23
Changed: Nov 1
Last Checked: Nov 1 at 12:24AM
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 1,680-square-foot duplex in Austin contains two single-story residences, each with 2 bedrooms and 1 full bath. Both units are leased: one on a month-to-month basis and the other through June 2027. A shared carport provides one space per unit, with additional driveway parking. Each residence has a private fenced yard; one also includes a storage shed. Interior features include vaulted ceilings and an eat-in kitchen in one unit, while the other has an updated kitchen with granite countertops and stainless appliances.
The property is on a corner lot near Cunningham Elementary’s playground and walking loop. Garrison Park is within walking distance, and Menchaca is nearby for dining and coffee. Downtown Austin is six miles away.
The property is on a corner lot near Cunningham Elementary’s playground and walking loop. Garrison Park is within walking distance, and Menchaca is nearby for dining and coffee. Downtown Austin is six miles away.
Key Highlights
- Two single‑story units, each with 2 bedrooms and 1 full bath
- Total building area of 1,680 square feet; built in 1981
- Both residences leased: one month‑to‑month and one through June 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,750
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,000
$495.0K
Cap Rate 7%
$353,571
$353.6K
Cap Rate 9%
$275,000
$275.0K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$37.3K $22.20/SF
− Vacancy
−$1.9K −$1.15/SF
EGI
$35.4K $21.05/SF
− OpEx
−$10.6K −$6.31/SF
NOI
$24.7K $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 Rate 5%
$495,000
Cap Rate 7%
$353,571
Cap Rate 9%
$275,000
Alternative Uses
Best Use
Multifamily LT 5
$353.6K
$309.4K – $412.5K
NOI $24,750 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$326.5K
$285.7K – $381.0K
NOI $22,858 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$702.3K
$614.5K – $819.3K
NOI $49,160 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
966
Businesses Nearby
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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
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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?
Duplex - Both residences are leased, with separate outdoor areas and a shared carport.
Where is this duplex located?
The property is located at 2400 Berkett Drive Austin, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two single‑story units, each with 2 bedrooms and 1 full bath; Total building area of 1,680 square feet; built in 1981; Both residences leased: one month‑to‑month and one through June 2027
