Two-Unit
For Sale
$439,900
3402 Charles St #A and B, Austin, TX 78702
Both residences offer a two-bedroom, one-bathroom layout in an established Austin neighborhood.
Property Size1,550 SF
Price / SF$283.81
Days on Market21
Property Features for 3402 Charles St #A and B
General Information
Standard status
Active
Size
1,550 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
Central East Austin
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,217
Amenities
Ceiling Fan(s)
Tile Counters
Gas Dryer Hookup
Eat-in Kitchen
Open Floorplan
Washer Hookup
Private Yard
Building Details
Building Size
1,550 SF
Year Built
1968
Stories
1
Listing Agency:
DeVillar Properties
Listed By:
George DeVillar
(512) 639-0258
Source:
Devillarproperties
Added: Oct 8
Changed: Oct 26
Last Checked: Oct 26 at 3:35AM
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 DeVillar Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,550-square-foot duplex contains two residences, each arranged with two bedrooms and one bathroom. The building dates to 1968, and the interiors are described as clean and comfortable.
The property is in Austin, near downtown, with access to local restaurants, entertainment, and major roadways.
The property is in Austin, near downtown, with access to local restaurants, entertainment, and major roadways.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,550 square feet
- Built in 1968
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,897
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,940
$457.9K
Cap Rate 7%
$327,100
$327.1K
Cap Rate 9%
$254,411
$254.4K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$34.4K $22.20/SF
− Vacancy
−$1.7K −$1.10/SF
EGI
$32.7K $21.10/SF
− OpEx
−$9.8K −$6.33/SF
NOI
$22.9K $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%
$457,940
Cap Rate 7%
$327,100
Cap Rate 9%
$254,411
Alternative Uses
Best Use
Multifamily LT 5
$327.1K
$286.2K – $381.6K
NOI $22,897 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$300.6K
$263.1K – $350.8K
NOI $21,045 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$607.4K
$531.5K – $708.6K
NOI $42,518 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,779
Businesses Nearby
Explore this area
Business Placement
Demographics for 78702, TX
25,910
Population
14,573
Households
1.8
Avg Household Size
34
Median Age
59%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
5,182
Density / Sq Mi
$101,304
Median Household Income
$65,876
Median Earnings
$1,966
Median Rent
$644,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer a two-bedroom, one-bathroom layout in an established Austin neighborhood.
Where is this duplex located?
The property is located at 3402 Charles St #A and B Austin, TX.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,550 square feet; Built in 1968
