Renovated
3310 Hycreek Dr, Austin, TX 78723
For Sale
$435,000
A two-unit residential property with interior updates in Austin’s University Hills area.
Property Size1,943 SF
Price / SF$223.88
Days on Market52
Property Features for 3310 Hycreek Dr
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Pantry
Exterior Steps
Building Details
Building Size
Year Built
Stories
Listing Agency:
RealTech Realty, LLC
(512) 659-4726
Listed By:
Ada Gu
Source:
Clearblueproperties
Added: Sep 19
Changed: Nov 7
Last Checked: Nov 8 at 2:14PM
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 RealTech Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,943-square-foot duplex was built in 1972 and has undergone interior renovations. Its two-unit configuration offers residential space in Austin’s University Hills area.
The property is approximately 15 minutes from UT, Downtown Austin, the Capitol, The Domain, the airport, Q2 Stadium, and Zilker Park.
The property is approximately 15 minutes from UT, Downtown Austin, the Capitol, The Domain, the airport, Q2 Stadium, and Zilker Park.
Key Highlights
- 1,943‑square‑foot duplex
- Interior renovations completed
- Built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,703
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,060
$574.1K
Cap Rate 7%
$410,043
$410.0K
Cap Rate 9%
$318,922
$318.9K
Market Conditions
NOI Build-Up for 1,943 SF
Gross rent
$43.1K $22.20/SF
− Vacancy
−$2.1K −$1.10/SF
EGI
$41.0K $21.10/SF
− OpEx
−$12.3K −$6.33/SF
NOI
$28.7K $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 Rate 5%
$574,060
Cap Rate 7%
$410,043
Cap Rate 9%
$318,922
Alternative Uses
Best Use
Multifamily LT 5
$410.0K
$358.8K – $478.4K
NOI $28,703 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$376.9K
$329.8K – $439.7K
NOI $26,381 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$761.4K
$666.2K – $888.3K
NOI $53,298 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
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Business Placement
Demographics for 78723, TX
34,522
Population
17,065
Households
2
Avg Household Size
35
Median Age
56%
College-Educated
91%
High-School Grad
7.1 sq mi
ZIP Area
4,862
Density / Sq Mi
$87,978
Median Household Income
$54,769
Median Earnings
$1,478
Median Rent
$513,500
Median Home Value
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Market
Average Price Trend$/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 - A two-unit residential property with interior updates in Austin’s University Hills area.
Where is this duplex located?
The property is located at 3310 Hycreek Dr Austin, TX.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 1,943‑square‑foot duplex; Interior renovations completed; Built in 1972
