Well-Maintained Duplex
2605 Reeves Cir Austin, TX 78741
2605 Reeves Cir, Austin, TX, 78741
$425,000
For Sale
$425,000
Duplex for sale offering two separate units with 2 and 3 bedrooms, each with 1 bathroom.
Property Size1,962 SF
Price / SF$216.62
Days on Market19
Property Features for 2605 Reeves Cir
General Information
- Standard status
- Active
- Size
- 1,962 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1977
Listing agency
Keller Williams Realty
(512) 448-4111
Listed by
Chad Goldwasser
Source
Buttross
Added: Jul 3 Updated: Jul 20 at 4:15AM Checked: Jul 20 at 4:15AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate residences under one roof, providing flexible living and rental arrangements. One unit includes 2 bedrooms and 1 bathroom, while the second unit features 3 bedrooms and 1 bathroom.
The property is located at 2605 Reeves Cir in Austin, Texas.
With two distinct floor plans and separate living spaces, the duplex is suited for buyers looking for income-producing residential units in a single property configuration.
The property is located at 2605 Reeves Cir in Austin, Texas.
With two distinct floor plans and separate living spaces, the duplex is suited for buyers looking for income-producing residential units in a single property configuration.
Key Highlights
- Duplex built in 1977 with two separate residences under one roof
- Unit 1 offers 2 bedrooms and 1 bathroom
- Unit 2 offers 3 bedrooms and 1 bathroom
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.6k | $22.20 |
| − Vacancy | −$2.2k | −$1.10 |
| EGI | $41.4k | $21.10 |
| − OpEx | −$12.4k | −$6.33 |
| NOI | $29.0k | $14.77 |
1,962 SF · lease $22.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$414.0K
$362.3K – $483.1K
NOI $28,983 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$380.6K
$333.0K – $444.0K
NOI $26,639 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$768.8K
$672.7K – $897.0K
NOI $53,819 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex for sale offering two separate units with 2 and 3 bedrooms, each with 1 bathroom.
Where is this duplex located?
The property is located at 2605 Reeves Cir Austin, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Duplex built in 1977 with two separate residences under one roof; Unit 1 offers 2 bedrooms and 1 bathroom; Unit 2 offers 3 bedrooms and 1 bathroom
