Remodeled Duplex with Enclosed
For Sale
$595,000
2603 Howellwood Way, Austin, TX 78748
Each side has two en-suite bedrooms, a ground-floor half bath, and a second-floor deck.
Property Size2,162 SF
Price / SF$275.21
Days on Market11
Property Features for 2603 Howellwood Way
General Information
Standard status
Active
Size
2,162 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Site & Location
Neighborhood
South Brodie
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,383
Amenities
decks
2 Primary Baths
2 Primary Suites
Breakfast Bar
Ceiling Fan(s)
Coffered Ceiling(s)
Laminate Counters
Electric Dryer Hookup
Gas Dryer Hookup
Interior Steps
Pantry
Walk-In Closet(s)
Washer Hookup
Balcony
Gutters Partial
Private Yard
Building Details
Building Size
2,162 SF
Year Built
1984
Stories
2
Listing Agency:
Heart of the Pines Real Estate
(512) 303-5709
Listed By:
Laura Munos · License #0655390
(512) 705-0420
Source:
Georgereinemund
Added: Oct 14
Changed: Oct 23
Last Checked: Oct 23 at 5:02PM
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 1984, this 2,162-square-foot duplex contains two matching residences. Each has two primary bedrooms with private full bathrooms, a half bath on the ground level, and a deck off the upper-floor bedrooms. One-car enclosed garages with openers serve each unit. Recent work includes interior paint, laminate and tile flooring, updated showers and bathrooms, a new roof, and updates to both AC units.
The property is in South Austin beside the Menchaca entertainment corridor, with restaurants, breweries, live music, and outdoor recreation nearby. There is no homeowners association. Both residences may be delivered vacant before closing.
The property is in South Austin beside the Menchaca entertainment corridor, with restaurants, breweries, live music, and outdoor recreation nearby. There is no homeowners association. Both residences may be delivered vacant before closing.
Key Highlights
- 2,162‑square‑foot duplex built in 1984
- Two matching units, each with two en‑suite bedrooms and a ground‑floor half bath
- Enclosed one‑car garage with opener for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,760
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,200
$415.2K
Cap Rate 7%
$296,571
$296.6K
Cap Rate 9%
$230,667
$230.7K
Market Conditions
NOI Build-Up for 2,162 SF
Gross rent
$32.4K $15.00/SF
− Vacancy
−$2.8K −$1.28/SF
EGI
$29.7K $13.72/SF
− OpEx
−$8.9K −$4.12/SF
NOI
$20.8K $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%
$415,200
Cap Rate 7%
$296,571
Cap Rate 9%
$230,667
Alternative Uses
Best Use
Multifamily LT 5
$296.6K
$259.5K – $346.0K
NOI $20,760 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$257.8K
$225.6K – $300.8K
NOI $18,049 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$754.3K
$660.1K – $880.1K
NOI $52,804 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
489
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 - Each side has two en-suite bedrooms, a ground-floor half bath, and a second-floor deck.
Where is this duplex located?
The property is located at 2603 Howellwood Way Austin, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,162‑square‑foot duplex built in 1984; Two matching units, each with two en‑suite bedrooms and a ground‑floor half bath; Enclosed one‑car garage with opener for each unit
