Updated
New
For Sale
$600,000
2504 Audubon PL, Austin, TX 78741
Each residence has three bedrooms and two full bathrooms, with carpet-free flooring throughout.
Property Size2,565 SF
Days on Market6
Property Features for 2504 Audubon PL
General Information
Standard status
Active
Size
2,565 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,100
Building Details
Building Size
2,565 SF
Year Built
1968
Listing Agency:
Kuper Sotheby's Int'l Realty
Listed By:
Seth Thompson · License #0572379
(512) 820-7028
Source:
Lisacontaldi
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 16 at 4:05PM
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 Kuper Sotheby's Int'l Realty
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Investment Insights
Based on property information with market context.
This 1968 duplex contains two residences, each configured with three bedrooms and two full bathrooms. Interior work included new kitchen cabinetry and granite counters, replacement shower surrounds in the primary bathrooms, updated vanities and fixtures, and flooring throughout with no carpet. Both refrigerators convey.
The foundation has been repaired, with a transferable lifetime warranty. Cast iron plumbing was replaced in 2016, and both water heaters were replaced in 2019. Exterior improvements include fresh paint, wood fencing, xeriscaping in the side and back yards, and a repaired retaining wall on the north side. The property is less than three miles from downtown Austin.
The foundation has been repaired, with a transferable lifetime warranty. Cast iron plumbing was replaced in 2016, and both water heaters were replaced in 2019. Exterior improvements include fresh paint, wood fencing, xeriscaping in the side and back yards, and a repaired retaining wall on the north side. The property is less than three miles from downtown Austin.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- Foundation repair includes a transferable lifetime warranty
- Cast iron plumbing replaced in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,891
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$757,820
$757.8K
Cap Rate 7%
$541,300
$541.3K
Cap Rate 9%
$421,011
$421.0K
Market Conditions
NOI Build-Up for 2,565 SF
Gross rent
$56.9K $22.20/SF
− Vacancy
−$2.8K −$1.10/SF
EGI
$54.1K $21.10/SF
− OpEx
−$16.2K −$6.33/SF
NOI
$37.9K $14.77/SF
Area
Austin, TX
Vacancy
4.94%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$757,820
Cap Rate 7%
$541,300
Cap Rate 9%
$421,011
Alternative Uses
Best Use
Multifamily LT 5
$541.3K
$473.6K – $631.5K
NOI $37,891 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$497.5K
$435.3K – $580.4K
NOI $34,826 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$1.01M
$879.5K – $1.17M
NOI $70,360 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,010
Businesses Nearby
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Business Placement
Demographics for 78741, TX
49,344
Population
24,763
Households
2
Avg Household Size
29
Median Age
49%
College-Educated
85%
High-School Grad
7.8 sq mi
ZIP Area
6,326
Density / Sq Mi
$66,434
Median Household Income
$41,533
Median Earnings
$1,477
Median Rent
$376,500
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 - Each residence has three bedrooms and two full bathrooms, with carpet-free flooring throughout.
Where is this duplex located?
The property is located at 2504 Audubon PL Austin, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; Foundation repair includes a transferable lifetime warranty; Cast iron plumbing replaced in 2016
