Two-Unit
3402 Charles Street A and B, Austin, TX 78702
For Sale
$429,900
Both residences offer two bedrooms and one bath, with access to Downtown Austin, restaurants, entertainment, and major roadways.
Property Size1,550 SF
Price / SF$277.35
Days on Market34
Property Features for 3402 Charles Street A and B
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
La Casa Realty Group
(512) 697-8804
Listed By:
Jaime Elizalde · License TX #0488273
(512) 762-7708
Source:
Hoydenhomes
Added: Oct 8
Changed: Nov 9
Last Checked: Nov 10 at 8:33AM
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 La Casa Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residences, each configured with two bedrooms and one bathroom. The property totals 1,550 square feet and was built in 1968.
Located in Austin, the property is near Downtown, restaurants, entertainment, and major roadways.
Located in Austin, the property is near Downtown, restaurants, entertainment, and major roadways.
Key Highlights
- Two residences, each with two bedrooms and one bathroom
- 1,550 square feet total
- Built in 1968
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,897
Cap Rate
5.33%
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 5.33%
Second Best
Apartment 5plus
$300.6K
$263.1K – $350.8K
NOI $21,045 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$607.4K
$531.5K – $708.6K
NOI $42,518 @ 7.0% cap · market cap 9.89%
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
801
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
$644,200
Median Home Value
Market
Average Price Trend$/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 offer two bedrooms and one bath, with access to Downtown Austin, restaurants, entertainment, and major roadways.
Where is this duplex located?
The property is located at 3402 Charles Street A and B Austin, TX.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Two residences, each with two bedrooms and one bathroom; 1,550 square feet total; Built in 1968
