Duplex With Known Foundation
2401 Burleson Rd Austin, TX 78741
For Sale
$359,900
Duplex offered for sale as-is with known foundation issues; a foundation repair estimate is available in MLS documents.
Property Size1,803 SF
Price / SF$199.61
Days on Market22
Property Features for 2401 Burleson Rd
General Information
Standard status
Active
Size
1,803 SF
Property subtype
Multi Family Home
Building Details
Year Built
1978
Listing Agency:
Keller Williams Realty
(512) 448-4111
Listed By:
Brian Weatherman
Source:
Loessinproperties
Added: Jul 8
Changed: Jul 29
Last Checked: Jul 29 at 5:23AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This duplex is being offered for sale as-is and has known foundation issues. A foundation repair estimate is available in the MLS documents, providing a starting point for buyers evaluating the scope of work.
The property is located just minutes from downtown Austin and Lady Bird Lake, with convenient access to major employers and local dining, entertainment, and outdoor recreation.
For buyers considering a value-add approach or who are prepared to address the existing foundation concerns, this duplex presents a straightforward option with documented repair information available through the listing materials.
The property is located just minutes from downtown Austin and Lady Bird Lake, with convenient access to major employers and local dining, entertainment, and outdoor recreation.
For buyers considering a value-add approach or who are prepared to address the existing foundation concerns, this duplex presents a straightforward option with documented repair information available through the listing materials.
Key Highlights
- Duplex built in 1978
- Sold as‑is
- Known foundation issues; foundation repair estimate available in MLS documents
Financial Insights For Multifamily LT 5
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 | $40.0k | $22.20 |
| − Vacancy | −$2.0k | −$1.10 |
| EGI | $38.0k | $21.10 |
| − OpEx | −$11.4k | −$6.33 |
| NOI | $26.6k | $14.77 |
1,803 SF · lease $22.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$380.5K
$332.9K – $443.9K
NOI $26,635 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$349.7K
$306.0K – $408.0K
NOI $24,480 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$706.5K
$618.2K – $824.3K
NOI $49,457 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex offered for sale as-is with known foundation issues; a foundation repair estimate is available in MLS documents.
Where is this duplex located?
The property is located at 2401 Burleson Rd Austin, TX.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Duplex built in 1978; Sold as‑is; Known foundation issues; foundation repair estimate available in MLS documents
