Duplex with Private
2408 S 5th St, Austin, TX 78704
For Sale
$825,000
Both residences include three bedrooms, two bathrooms, patios, and fenced outdoor space.
Property Size2,540 SF
Price / SF$324.80
Days on Market11
Property Features for 2408 S 5th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Keller Williams Realty
Listed By:
Chris Frickel · License #614542
Source:
Austintexasresidence
Added: Oct 30
Changed: Nov 7
Last Checked: Nov 8 at 3:16AM
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
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Investment Insights
Based on property information with market context.
This 2,540-square-foot duplex, built in 1963, contains two residences with three bedrooms and two bathrooms apiece. Each side has its own patio and fenced yard, with mature live oaks providing shade outdoors.
The property is on South 5th Street in Austin’s 78704 ZIP code, a few blocks from South Lamar. Downtown Austin, South Congress, Zilker Park, Barton Springs, and Lady Bird Lake are also nearby.
The property is on South 5th Street in Austin’s 78704 ZIP code, a few blocks from South Lamar. Downtown Austin, South Congress, Zilker Park, Barton Springs, and Lady Bird Lake are also nearby.
Key Highlights
- 2,540‑square‑foot duplex built in 1963
- Two residences, each with 3 bedrooms and 2 bathrooms
- Private fenced yards and patios for both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,341
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,820
$846.8K
Cap Rate 7%
$604,871
$604.9K
Cap Rate 9%
$470,456
$470.5K
Market Conditions
NOI Build-Up for 2,540 SF
Gross rent
$64.0K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$60.5K $23.81/SF
− OpEx
−$18.1K −$7.14/SF
NOI
$42.3K $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%
$846,820
Cap Rate 7%
$604,871
Cap Rate 9%
$470,456
Alternative Uses
Best Use
Multifamily LT 5
$604.9K
$529.3K – $705.7K
NOI $42,341 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$556.2K
$486.7K – $648.9K
NOI $38,936 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$1.06M
$926.8K – $1.24M
NOI $74,142 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,798
Businesses Nearby
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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
$862,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Austin, TX
Properties on Market for Duplexes in Austin
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include three bedrooms, two bathrooms, patios, and fenced outdoor space.
Where is this duplex located?
The property is located at 2408 S 5th St Austin, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 2,540‑square‑foot duplex built in 1963; Two residences, each with 3 bedrooms and 2 bathrooms; Private fenced yards and patios for both residences
