Duplex with Private
2901 Burning Oak DR, Austin, TX 78704
For Sale
New
$675,000
Both residences are fully leased and include appliances, with no carpet throughout.
Property Size2,094 SF
Days on Market6
Property Features for 2901 Burning Oak DR
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Cheryl Tucker Realty
Listed By:
Cheryl Tucker · License TX #0565996
(512) 705-9010
Source:
Zellteam
Added: Nov 8
Changed: Nov 10
Last Checked: Nov 12 at 6:27PM
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 Cheryl Tucker Realty
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Investment Insights
Based on property information with market context.
This duplex, built in 1982, contains two distinct residences. One offers two bedrooms, one and a half baths, a garage, and a private backyard; the other has three bedrooms, two full baths, and its own backyard. Neither side has carpet, and appliances convey, including refrigerators, washers, and dryers.
The property is in Austin’s 78704 ZIP code, just off South Lamar. It has had the same owner since 2013 and is fully leased.
The property is in Austin’s 78704 ZIP code, just off South Lamar. It has had the same owner since 2013 and is fully leased.
Key Highlights
- Two residences: one with 2 beds and 1.5 baths; the other with 3 beds and 2 full baths
- Private backyard for each residence
- Garage included with the two‑bedroom residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,907
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,140
$698.1K
Cap Rate 7%
$498,671
$498.7K
Cap Rate 9%
$387,856
$387.9K
Market Conditions
NOI Build-Up for 2,094 SF
Gross rent
$52.8K $25.20/SF
− Vacancy
−$2.9K −$1.39/SF
EGI
$49.9K $23.81/SF
− OpEx
−$15.0K −$7.14/SF
NOI
$34.9K $16.67/SF
Area
ZIP 78704
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,140
Cap Rate 7%
$498,671
Cap Rate 9%
$387,856
Alternative Uses
Best Use
Multifamily LT 5
$498.7K
$436.3K – $581.8K
NOI $34,907 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$458.6K
$401.2K – $535.0K
NOI $32,099 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$873.2K
$764.1K – $1.02M
NOI $61,124 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
Explore this area
Business Placement
Demographics for 78704, TX
49,197
Population
29,959
Households
1.6
Avg Household Size
34
Median Age
70%
College-Educated
94%
High-School Grad
8.8 sq mi
ZIP Area
5,591
Density / Sq Mi
$97,160
Median Household Income
$67,527
Median Earnings
$1,755
Median Rent
$862,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Austin, TX
Properties on Market for Duplexes in Austin
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are fully leased and include appliances, with no carpet throughout.
Where is this duplex located?
The property is located at 2901 Burning Oak DR Austin, 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: Two residences: one with 2 beds and 1.5 baths; the other with 3 beds and 2 full baths; Private backyard for each residence; Garage included with the two‑bedroom residence
