Occupied Two-Unit
For Sale
$515,000
404 Mesa Dr, Del Valle, TX 78617
Both residences offer two-bedroom layouts with two full bathrooms and month-to-month occupancy.
Property Size2,609 SF
Price / SF$197.39
Days on Market11
Property Features for 404 Mesa Dr
General Information
Standard status
Active
Size
2,609 SF
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,858
Building Details
Building Size
2,609 SF
Year Built
2016
Stories
1
Tenancy
Multi
Listing Agency:
Compass RE Texas, LLC
(512) 575-3644
Listed By:
Anthony Harris
Source:
Loessinproperties
Added: Jul 24
Changed: Aug 3
Last Checked: Aug 3 at 3:14AM
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
Investment Insights
Based on property information with market context.
Built in 2016, this 2,609-square-foot duplex contains two residences, each configured with 2 bedrooms and 2 full bathrooms. Both units are occupied under month-to-month tenancies, and the current renters have expressed interest in renewing, providing an existing occupancy base with lease flexibility.
The property is located at 404 Mesa Dr in Del Valle, with access to Highways 183 and 71, as well as SH 130. Nearby employment and travel destinations identified for the property include Tesla Gigafactory, Circuit of The Americas, SpaceX, and Austin-Bergstrom International Airport. The location also connects residents toward Austin, Bastrop, and surrounding areas.
The property is located at 404 Mesa Dr in Del Valle, with access to Highways 183 and 71, as well as SH 130. Nearby employment and travel destinations identified for the property include Tesla Gigafactory, Circuit of The Americas, SpaceX, and Austin-Bergstrom International Airport. The location also connects residents toward Austin, Bastrop, and surrounding areas.
Key Highlights
- 2,609‑square‑foot duplex built in 2016
- Two units, each with 2 bedrooms and 2 full bathrooms
- Both residences currently occupied by month‑to‑month tenants
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.7k | $25.20 |
| − Vacancy | −$3.2k | −$1.24 |
| EGI | $62.5k | $23.96 |
| − OpEx | −$18.7k | −$7.19 |
| NOI | $43.7k | $16.77 |
2,609 SF · lease $25.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$625.0K
$546.9K – $729.2K
NOI $43,749 @ 7.0% cap · market cap 8.49%
Second Best
Apartment 5plus
$571.3K
$499.9K – $666.6K
NOI $39,994 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$1.09M
$954.3K – $1.27M
NOI $76,344 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 78617, TX
28,832
Population
9,201
Households
3.1
Avg Household Size
31
Median Age
17%
College-Educated
68%
High-School Grad
64.0 sq mi
ZIP Area
451
Density / Sq Mi
$78,019
Median Household Income
$35,961
Median Earnings
$1,449
Median Rent
$247,800
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 - Both residences offer two-bedroom layouts with two full bathrooms and month-to-month occupancy.
Where is this duplex located?
The property is located at 404 Mesa Dr Del Valle, TX.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 2,609‑square‑foot duplex built in 2016; Two units, each with 2 bedrooms and 2 full bathrooms; Both residences currently occupied by month‑to‑month tenants
