Duplex with Fenced
For Sale
$624,500
3313 S Oak Dr, Austin, TX 78704
One side is vacant, offering flexibility for occupancy or a new tenancy while the other unit remains in place.
Property Size2,026 SF
Price / SF$308.24
Days on Market42
Property Features for 3313 S Oak Dr
General Information
Standard status
Active
Size
2,026 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Site & Location
Neighborhood
South Lamar
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$10,898
Amenities
fenced backyard
stainless steel appliances
in-unit laundry
drought-tolerant landscaping
No Interior Steps
Open Floorplan
Private Yard
Building Details
Building Size
2,026 SF
Year Built
1971
Buildings
1
Stories
1
Listing Agency:
Compass RE Texas, LLC
(512) 575-3644
Listed By:
Meredith Hill
(512) 438-9549
Source:
Agentsrealtytexas
Added: Sep 13
Changed: Oct 22
Last Checked: Oct 23 at 9:32PM
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 Compass RE Texas, LLC
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Investment Insights
Based on property information with market context.
Built in 1971, this duplex contains 2,026 square feet across two units: a 3-bedroom, 1.5-bath unit and a 2-bedroom, 1-bath unit. The larger unit has stainless steel appliances and in-unit laundry; the other has more original finishes and laundry in the carport. Each residence has a fenced backyard, and the shared carport provides one covered parking space per unit. The roof was installed in 2025, and drought-tolerant landscaping has been added at the front of the property.
The property is at 3313 S Oak Dr in Austin’s 78704 ZIP code, with restaurants and daily services along South Lamar, South 1st, and South Congress within reach. Major thoroughfares provide connections to other parts of the city. One unit is currently vacant, while the other is available for use as a rental.
The property is at 3313 S Oak Dr in Austin’s 78704 ZIP code, with restaurants and daily services along South Lamar, South 1st, and South Congress within reach. Major thoroughfares provide connections to other parts of the city. One unit is currently vacant, while the other is available for use as a rental.
Key Highlights
- 2,026‑square‑foot duplex built in 1971
- Unit mix: 3 bedrooms and 1.5 baths, plus 2 bedrooms and 1 bath
- One unit is vacant; the other has updated stainless steel appliances and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,773
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,460
$675.5K
Cap Rate 7%
$482,471
$482.5K
Cap Rate 9%
$375,256
$375.3K
Market Conditions
NOI Build-Up for 2,026 SF
Gross rent
$51.1K $25.20/SF
− Vacancy
−$2.8K −$1.39/SF
EGI
$48.2K $23.81/SF
− OpEx
−$14.5K −$7.14/SF
NOI
$33.8K $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%
$675,460
Cap Rate 7%
$482,471
Cap Rate 9%
$375,256
Alternative Uses
Best Use
Multifamily LT 5
$482.5K
$422.2K – $562.9K
NOI $33,773 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$443.7K
$388.2K – $517.6K
NOI $31,057 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$844.8K
$739.2K – $985.7K
NOI $59,139 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,266
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One side is vacant, offering flexibility for occupancy or a new tenancy while the other unit remains in place.
Where is this duplex located?
The property is located at 3313 S Oak Dr Austin, TX.
What is the asking price?
The asking price for this property is $624,500.
What are key features of this property?
This property features: 2,026‑square‑foot duplex built in 1971; Unit mix: 3 bedrooms and 1.5 baths, plus 2 bedrooms and 1 bath; One unit is vacant; the other has updated stainless steel appliances and in‑unit laundry
