Updated
For Sale
$450,000
2604 Aftonshire Way, Austin, TX 78748
The two-unit property offers 2,110 square feet of residential space in an updated configuration.
Property Size2,110 SF
Price / SF$213.27
Days on Market27
Property Features for 2604 Aftonshire Way
General Information
Standard status
Active
Size
2,110 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
South Brodie
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,591
Amenities
Ceiling Fan(s)
Electric Dryer Hookup
Primary Bedroom on Main
Soaking Tub
Washer Hookup
Gutters Full
No Exterior Steps
Private Entrance
Private Yard
Building Details
Building Size
2,110 SF
Year Built
1984
Stories
1
Listing Agency:
Heart of the Pines Real Estate
(512) 303-5709
Listed By:
Laura Munos
(512) 705-0420
Source:
Georgereinemund
Added: Sep 28
Changed: Oct 23
Last Checked: Oct 23 at 2:19PM
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 duplex contains 2,110 square feet and has received recent updates. It is situated between IH-35 and MOPAC, with public transportation nearby.
Shopping, dining, entertainment, ABIA, and toll roads are also identified among the surrounding destinations and access options.
Shopping, dining, entertainment, ABIA, and toll roads are also identified among the surrounding destinations and access options.
Key Highlights
- Duplex with 2,110 square feet
- Built in 1984
- Recent updates to the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,261
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,220
$405.2K
Cap Rate 7%
$289,443
$289.4K
Cap Rate 9%
$225,122
$225.1K
Market Conditions
NOI Build-Up for 2,110 SF
Gross rent
$31.7K $15.00/SF
− Vacancy
−$2.7K −$1.28/SF
EGI
$28.9K $13.72/SF
− OpEx
−$8.7K −$4.12/SF
NOI
$20.3K $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%
$405,220
Cap Rate 7%
$289,443
Cap Rate 9%
$225,122
Alternative Uses
Best Use
Multifamily LT 5
$289.4K
$253.3K – $337.7K
NOI $20,261 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$251.6K
$220.2K – $293.6K
NOI $17,615 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$736.2K
$644.2K – $858.9K
NOI $51,534 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
461
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property offers 2,110 square feet of residential space in an updated configuration.
Where is this duplex located?
The property is located at 2604 Aftonshire Way Austin, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Duplex with 2,110 square feet; Built in 1984; Recent updates to the property
