Single-Story Duplex with
For Sale
$439,000
2511 Howellwood WAY, Austin, TX 78748
Tenant-occupied duplex with two-bedroom layouts, garages, updated flooring, and leases extending through 2027.
Property Size2,088 SF
Days on Market50
Property Features for 2511 Howellwood WAY
General Information
Standard status
Active
Size
2,088 SF
Total Parking Spaces
2
Property subtype
Duplex
Occupancy
100%
Financials
Gross Income
$39,600
Average Monthly Rent
$1,650
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,554
Building Details
Building Size
2,088 SF
Year Built
1984
Stories
1
Tenancy
Multi
Listing Agency:
RPM Reliable Prop. Mgmt
Listed By:
Ryan Mojica · License #0729930
(512) 732-8388
Source:
Lyon
Added: Aug 29
Changed: Oct 17
Last Checked: Oct 16 at 5:28PM
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 RPM Reliable Prop. Mgmt
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Investment Insights
Based on property information with market context.
Built in 1984, this single-story duplex contains two separate units, each with 2 bedrooms, 2 full bathrooms, and a single-car garage. Functional layouts and updated vinyl plank flooring support practical, low-maintenance occupancy. Both residences are currently leased, with lease terms extending through 2027.
The property is located in Tanglewood Forest in South Austin, near the Slaughter Lane and Brodie Lane corridor. Shopping, dining, entertainment, and major roadways are within the surrounding area, providing convenient access for residents.
The property is located in Tanglewood Forest in South Austin, near the Slaughter Lane and Brodie Lane corridor. Shopping, dining, entertainment, and major roadways are within the surrounding area, providing convenient access for residents.
Key Highlights
- Two‑unit duplex with each residence offering 2 bedrooms and 2 full bathrooms
- Single‑car garage included with each unit
- Updated vinyl plank flooring in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,049
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,980
$401.0K
Cap Rate 7%
$286,414
$286.4K
Cap Rate 9%
$222,767
$222.8K
Market Conditions
NOI Build-Up for 2,088 SF
Gross rent
$31.3K $15.00/SF
− Vacancy
−$2.7K −$1.28/SF
EGI
$28.6K $13.72/SF
− OpEx
−$8.6K −$4.12/SF
NOI
$20.0K $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%
$400,980
Cap Rate 7%
$286,414
Cap Rate 9%
$222,767
Alternative Uses
Best Use
Multifamily LT 5
$286.4K
$250.6K – $334.2K
NOI $20,049 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$249.0K
$217.9K – $290.5K
NOI $17,431 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$728.5K
$637.5K – $849.9K
NOI $50,996 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
676
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
Check the figures for this property
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 - Tenant-occupied duplex with two-bedroom layouts, garages, updated flooring, and leases extending through 2027.
Where is this duplex located?
The property is located at 2511 Howellwood WAY Austin, TX.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Two‑unit duplex with each residence offering 2 bedrooms and 2 full bathrooms; Single‑car garage included with each unit; Updated vinyl plank flooring in both units
