Two-Unit
For Sale
$300,000
2605 Reeves CIR, Austin, TX 78741
Duplex with separate residences and a flexible two-bedroom and three-bedroom configuration.
Days on Market30
Property Features for 2605 Reeves CIR
General Information
Standard status
Active
Property subtype
Duplex
Additional Details
Asking Price
$400,000
Building Details
Building Size
1,962 SF
Year Built
1977
Tenancy
Multi
Listing Agency:
Keller Williams Realty
(512) 448-4111
Listed By:
Chad Goldwasser
Source:
Baerealty
Added: Jul 3
Changed: Jul 31
Last Checked: Aug 1 at 10:54AM
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 duplex at 2605 Reeves CIR in Austin, TX 78741 includes two separate residences under one roof. The unit mix consists of one 2-bedroom, 1-bathroom residence and one 3-bedroom, 1-bathroom residence, offering distinct living spaces and a practical configuration for rental use or owner occupancy with an additional residence.
Built in 1977, the property combines two residential units in a single multifamily asset. The separate floor plans provide flexibility for occupants while maintaining a straightforward two-unit layout.
Built in 1977, the property combines two residential units in a single multifamily asset. The separate floor plans provide flexibility for occupants while maintaining a straightforward two-unit layout.
Key Highlights
- Two separate residences under one roof
- Unit mix includes one 2‑bedroom, 1‑bathroom residence and one 3‑bedroom, 1‑bathroom residence
- Built in 1977
Financial Insights For Apartment 5plus
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 | $51.1k | $26.04 |
| − Vacancy | −$2.7k | −$1.35 |
| EGI | $48.4k | $24.69 |
| − OpEx | −$21.8k | −$11.11 |
| NOI | $26.6k | $13.58 |
1,962 SF · lease $26.04/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$414.0K
$362.3K – $483.1K
NOI $28,983 @ 7.0% cap · market cap 9.66%
Second Best
Apartment 5plus
$380.6K
$333.0K – $444.0K
NOI $26,639 @ 7.0% cap · market cap 8.88%
Theoretical Best
Office A
$768.8K
$672.7K – $897.0K
NOI $53,819 @ 7.0% cap · market cap 17.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
Explore this area
Business Placement
Demographics for 78741, TX
49,344
Population
24,763
Households
2
Avg Household Size
29
Median Age
49%
College-Educated
85%
High-School Grad
7.8 sq mi
ZIP Area
6,326
Density / Sq Mi
$66,434
Median Household Income
$41,533
Median Earnings
$1,477
Median Rent
$376,500
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?
Duplex - Duplex with separate residences and a flexible two-bedroom and three-bedroom configuration.
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 $300,000.
What are key features of this property?
This property features: Two separate residences under one roof; Unit mix includes one 2‑bedroom, 1‑bathroom residence and one 3‑bedroom, 1‑bathroom residence; Built in 1977
