Multifamily Property Near Zilker
For Sale
$1,100,000
2505 Trailside, Austin, TX 78704
Multi-Family (2-8 Units), Austin, TX
Property Size2,154 SF
Lot Size0.31 Acres
Price / SF$510.68
Days on Market64
Property Features for 2505 Trailside
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Call District
Middle school
O. Henry Middle
High school
Austin
Subdivision
3100
Standard status
Active
Size
2,154 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Annual Amount
12314
Building Details
Year built
1969
Listing Agency:
eXp Realty
Listed By:
Brian Wood
(888) 519-7431
Added: Jul 1
Changed: Aug 21
Last Checked: Sep 2 at 10:06AM
MLS# 1960887
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1969, this multifamily property contains 2,154 square feet on a 0.31-acre lot. A mature oak tree contributes to the site, while the existing improvements offer a basis for rehabilitation or replacement with new construction, as contemplated in the property information.
The property is at 2505 Trailside in Austin’s Barton Springs neighborhood, within walking distance of Barton Springs and Zilker Park. It is also near downtown Austin and situated on a quiet street in the Barton Hills community. The surrounding area includes Mid Century architecture and varied residential styles.
The property is at 2505 Trailside in Austin’s Barton Springs neighborhood, within walking distance of Barton Springs and Zilker Park. It is also near downtown Austin and situated on a quiet street in the Barton Hills community. The surrounding area includes Mid Century architecture and varied residential styles.
Key Highlights
- 2,154‑square‑foot multifamily property on a 0.31‑acre lot
- Built in 1969
- Mature oak tree on the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,019
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$660,380
$660.4K
Cap Rate 7%
$471,700
$471.7K
Cap Rate 9%
$366,878
$366.9K
Market Conditions
NOI Build-Up for 2,154 SF
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.
Gross rent
$63.3K $29.40/SF
− Vacancy
−$3.3K −$1.53/SF
EGI
$60.0K $27.87/SF
− OpEx
−$27.0K −$12.54/SF
NOI
$33.0K $15.33/SF
Area
ZIP 78704
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$660,380
Cap Rate 7%
$471,700
Cap Rate 9%
$366,878
Alternative Uses
Best Use
Apartment 5plus
$471.7K
$412.7K – $550.3K
NOI $33,019 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$898.2K
$785.9K – $1.05M
NOI $62,875 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,372
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - The property occupies a spacious lot with a mature oak tree in an established residential setting.
Where is this multifamily property located?
The property is located at 2505 Trailside Austin, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2,154‑square‑foot multifamily property on a 0.31‑acre lot; Built in 1969; Mature oak tree on the property
