Listing Agency: Austin Prime Realty

Listed By: Pamela Jones · License #0584723 Show Phone

Source: Brandyerocca

Added: Aug 26 Changed: Oct 1 Last Checked: Oct 7 at 1:08PM

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Investment Insights

Based on property information with market context.

This duplex contains two residences, each with 2 bedrooms, 2 full baths, a living area, breakfast bar, separate dining room, and a 1-car garage. The combined property measures 2,018 square feet and is arranged with open-plan interiors. The two sides may be organized through a condominium association with shared ownership of Lot A and Lot B, subject to the owners establishing common insurance and maintenance arrangements.

Located at 275 Mooring Circle in Lakeway, the property is served by Lake Travis ISD schools. A community library, shopping, and other services are nearby. Lakeway also provides access to a shared Lake Travis beachfront, while public golf and tennis club memberships are available at Hills of Lakeway - Elevation Athletic Club.

Key Highlights

• 2,018‑square‑foot duplex with two residences
• Each side includes 2 bedrooms and 2 full baths
• Both residences have a 1‑car garage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,839

Cap Rate

5.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$676,780 $676.8K

Cap Rate 7%

$483,414 $483.4K

Cap Rate 9%

$375,989 $376.0K

Market Conditions

NOI Build-Up for 2,018 SF

Gross rent

$50.9K $25.20/SF

− Vacancy

−$2.5K −$1.24/SF

EGI

$48.3K $23.96/SF

− OpEx

−$14.5K −$7.19/SF

NOI

$33.8K $16.77/SF

Area

Travis County, TX

Vacancy

4.94%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$676,780

Cap Rate 7%

$483,414

Cap Rate 9%

$375,989

Alternative Uses

Best Use

Multifamily LT 5

$483.4K

$423.0K – $564.0K (±1% cap)

NOI $33,839 @ 7.0% cap · market cap 5.01%

Second Best

Apartment 5plus

$441.9K

$386.7K – $515.6K (±1% cap)

NOI $30,934 @ 7.0% cap · market cap 4.58%

Theoretical Best

Office A

$843.6K

$738.1K – $984.2K (±1% cap)

NOI $59,050 @ 7.0% cap · market cap 8.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Restaurant Auto Repair Shop Pharmacy Kitchen & Bath Showroom Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

275

Businesses Nearby

Explore this area Business Placement

Demographics for 78734, TX

22,963

Population

10,885

Households

2.1

Avg Household Size

47

Median Age

59%

College-Educated

94%

High-School Grad

18.9 sq mi

ZIP Area

1,215

Density / Sq Mi

$129,116

Median Household Income

$67,881

Median Earnings

$1,930

Median Rent

$626,100

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Each residence offers an open layout with dining and breakfast-bar areas.

Where is this duplex located?

The property is located at 275 Mooring Circle Units A&b Lakeway, TX.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 2,018‑square‑foot duplex with two residences; Each side includes 2 bedrooms and 2 full baths; Both residences have a 1‑car garage