Two-Unit Residential
For Sale
$875,000
3309 Robinson Ave, Austin, TX 78722
Two-unit residential property near UT Austin and Downtown with an open layout and flexible bedroom spaces.
Property Size2,016 SF
Days on Market81
Property Features for 3309 Robinson Ave
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Average Monthly Rent
$1,850
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,876
Building Details
Building Size
2,016 SF
Year Built
2006
Listing Agency:
Christies Intl Real Estate Lone Star
Listed By:
Mohammed Mohammedsadeeq
(512) 669-9983
Source:
Localcolorrealestateaustin
Added: Jun 19
Changed: Sep 6
Last Checked: Sep 7 at 8:30AM
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 Christies Intl Real Estate Lone Star
Investment Insights
Based on property information with market context.
Built in 2006, this duplex at 3309 Robinson Ave features two residential units under common ownership. Each unit offers an open living area, a kitchen with storage and work space, and generously sized bedrooms suitable for living, studying, or working from home. Both units are currently rented, and a tenant lease extends through 03/31/2027.
The property is located minutes from UT Austin and Downtown, with access to major employers, dining, nightlife, and public transit. Its residential setting combines proximity to campus and urban amenities with a practical, everyday living environment. Both units are listed for sale and may be acquired together.
The property is located minutes from UT Austin and Downtown, with access to major employers, dining, nightlife, and public transit. Its residential setting combines proximity to campus and urban amenities with a practical, everyday living environment. Both units are listed for sale and may be acquired together.
Key Highlights
- Duplex with two residential units under common ownership
- Built in 2006
- Both units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,781
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$595,620
$595.6K
Cap Rate 7%
$425,443
$425.4K
Cap Rate 9%
$330,900
$330.9K
Market Conditions
NOI Build-Up for 2,016 SF
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.
Gross rent
$44.8K $22.20/SF
− Vacancy
−$2.2K −$1.10/SF
EGI
$42.5K $21.10/SF
− OpEx
−$12.8K −$6.33/SF
NOI
$29.8K $14.77/SF
Area
Austin, TX
Vacancy
4.94%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$595,620
Cap Rate 7%
$425,443
Cap Rate 9%
$330,900
Alternative Uses
Best Use
Multifamily LT 5
$425.4K
$372.3K – $496.4K
NOI $29,781 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$391.0K
$342.2K – $456.2K
NOI $27,372 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$790.0K
$691.3K – $921.7K
NOI $55,300 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,672
Businesses Nearby
Explore this area
Business Placement
Demographics for 78722, TX
6,618
Population
3,278
Households
2
Avg Household Size
35
Median Age
69%
College-Educated
98%
High-School Grad
1.4 sq mi
ZIP Area
4,727
Density / Sq Mi
$101,034
Median Household Income
$66,107
Median Earnings
$1,837
Median Rent
$661,600
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 - Two-unit residential property near UT Austin and Downtown with an open layout and flexible bedroom spaces.
Where is this duplex located?
The property is located at 3309 Robinson Ave Austin, TX.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Duplex with two residential units under common ownership; Built in 2006; Both units are currently rented
