Updated Two-Unit
For Sale
$570,000
2412 Allred Dr, Austin, TX 78748
One residence is available, and both sides have newer HVAC systems.
Property Size3,160 SF
Price / SF$180.38
Days on Market40
Property Features for 2412 Allred Dr
General Information
Standard status
Active
Size
3,160 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
South Brodie
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$11,372
Amenities
Breakfast Bar
Tile Counters
Private Yard
Building Details
Building Size
3,160 SF
Year Built
2006
Stories
2
Listing Agency:
Heart of the Pines Real Estate
(512) 303-5709
Listed By:
Laura Munos
(512) 705-0420
Source:
Georgereinemund
Added: Sep 15
Changed: Oct 23
Last Checked: Oct 23 at 2:18PM
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 Heart of the Pines Real Estate
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Investment Insights
Based on property information with market context.
Built in 2006, this two-unit duplex has had one owner since construction. One residence is currently available, while the other remains occupied. The property has a nearly 20-year record of consistent occupancy, and the owner has maintained it with timely repairs. New carpet was installed in 2026, and HVAC systems serving both units were replaced in July 2023.
Located in South Austin, the duplex offers a combination of established rental history and recent improvements. The occupied unit is available for showing to parties with an offer or serious interest.
Located in South Austin, the duplex offers a combination of established rental history and recent improvements. The occupied unit is available for showing to parties with an offer or serious interest.
Key Highlights
- Duplex with one unit currently available
- Nearly 20 years of consistent occupancy
- HVAC systems on both sides replaced in July 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,343
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,860
$606.9K
Cap Rate 7%
$433,471
$433.5K
Cap Rate 9%
$337,144
$337.1K
Market Conditions
NOI Build-Up for 3,160 SF
Gross rent
$47.4K $15.00/SF
− Vacancy
−$4.1K −$1.28/SF
EGI
$43.3K $13.72/SF
− OpEx
−$13.0K −$4.12/SF
NOI
$30.3K $9.60/SF
Area
ZIP 78748
Vacancy
8.55%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,860
Cap Rate 7%
$433,471
Cap Rate 9%
$337,144
Alternative Uses
Best Use
Multifamily LT 5
$433.5K
$379.3K – $505.7K
NOI $30,343 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$376.9K
$329.8K – $439.7K
NOI $26,381 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$1.10M
$964.7K – $1.29M
NOI $77,178 @ 7.0% cap · market cap 13.54%
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
694
Businesses Nearby
Explore this area
Business Placement
Demographics for 78748, TX
55,226
Population
25,694
Households
2.1
Avg Household Size
35
Median Age
56%
College-Educated
95%
High-School Grad
14.1 sq mi
ZIP Area
3,917
Density / Sq Mi
$107,652
Median Household Income
$59,611
Median Earnings
$1,711
Median Rent
$434,100
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 - One residence is available, and both sides have newer HVAC systems.
Where is this duplex located?
The property is located at 2412 Allred Dr Austin, TX.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Duplex with one unit currently available; Nearly 20 years of consistent occupancy; HVAC systems on both sides replaced in July 2023
