Detached Duplex Income
For Sale
$649,000
412 W Croslin ST, Austin, TX 78752
Two fully detached residences on a fenced lot with off-street parking, suited for rental income or owner-occupancy.
Property Size1,344 SF
Days on Market71
Property Features for 412 W Croslin ST
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$9,296
Building Details
Building Size
1,344 SF
Year Built
1951
Listing Agency:
Keller Williams - Lake Travis
Listed By:
Amber Hart · License #0557949
(512) 415-9023
Source:
Localcolorrealestateaustin
Added: Jun 30
Changed: Sep 2
Last Checked: Sep 8 at 9:17AM
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 Keller Williams - Lake Travis
Investment Insights
Based on property information with market context.
This investment property features two fully detached residences on a landscaped lot, providing separate living spaces within one fenced setting. Unit A is a single-story front residence originally built in 1951 and renovated for modern convenience, with an open living and dining area, two bedrooms, one bathroom, tile flooring, and a kitchen that includes a breakfast bar and refrigerator. Unit A also offers a covered front porch, a deck, and off-street parking for two vehicles.
Unit B is the detached rear residence, built in 2016 and accessed via a granite pathway along the right side of Unit A. It includes a covered front porch, vaulted wood ceilings, tile flooring, an open living area, and an efficiently designed interior with a well-appointed kitchen and appliances that convey, including a refrigerator and stack washer/dryer. The bedroom includes a large closet, and Unit B has its own covered entry and outdoor space.
The property includes landscaped areas and mature trees providing shade, along with fenced yards for each residence. It is located in Central Austin, minutes from ACC Highland and nearby shopping, dining, and entertainment options.
Unit B is the detached rear residence, built in 2016 and accessed via a granite pathway along the right side of Unit A. It includes a covered front porch, vaulted wood ceilings, tile flooring, an open living area, and an efficiently designed interior with a well-appointed kitchen and appliances that convey, including a refrigerator and stack washer/dryer. The bedroom includes a large closet, and Unit B has its own covered entry and outdoor space.
The property includes landscaped areas and mature trees providing shade, along with fenced yards for each residence. It is located in Central Austin, minutes from ACC Highland and nearby shopping, dining, and entertainment options.
Key Highlights
- Two fully detached residences on a fenced 0.158‑acre lot with ~50 ft frontage and ~139 ft depth
- Unit A: 1951‑built, single‑story ~720 SF with 2 beds, 1 bath, open living/dining, and off‑street parking for 2 vehicles
- Unit A updates include tile flooring and a kitchen with breakfast bar and storage; refrigerator conveys
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,854
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$397,080
$397.1K
Cap Rate 7%
$283,629
$283.6K
Cap Rate 9%
$220,600
$220.6K
Market Conditions
NOI Build-Up for 1,344 SF
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.
Gross rent
$29.8K $22.20/SF
− Vacancy
−$1.5K −$1.10/SF
EGI
$28.4K $21.10/SF
− OpEx
−$8.5K −$6.33/SF
NOI
$19.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$397,080
Cap Rate 7%
$283,629
Cap Rate 9%
$220,600
Alternative Uses
Best Use
Multifamily LT 5
$283.6K
$248.2K – $330.9K
NOI $19,854 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$260.7K
$228.1K – $304.1K
NOI $18,248 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$526.7K
$460.8K – $614.5K
NOI $36,867 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,829
Businesses Nearby
Explore this area
Business Placement
Demographics for 78752, TX
19,289
Population
10,929
Households
1.8
Avg Household Size
33
Median Age
45%
College-Educated
87%
High-School Grad
3.3 sq mi
ZIP Area
5,845
Density / Sq Mi
$66,404
Median Household Income
$38,805
Median Earnings
$1,445
Median Rent
$361,200
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 - Two fully detached residences on a fenced lot with off-street parking, suited for rental income or owner-occupancy.
Where is this duplex located?
The property is located at 412 W Croslin ST Austin, TX.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two fully detached residences on a fenced 0.158‑acre lot with ~50 ft frontage and ~139 ft depth; Unit A: 1951‑built, single‑story ~720 SF with 2 beds, 1 bath, open living/dining, and off‑street parking for 2 vehicles; Unit A updates include tile flooring and a kitchen with breakfast bar and storage; refrigerator conveys
