Updated
For Sale
$399,000
4413 Teri Road, Austin, TX 78744
Two vacant units give occupants flexibility to configure the property for their needs.
Property Size1,879 SF
Price / SF$212.35
Days on Market59
Property Features for 4413 Teri Road
General Information
Standard status
Active
Size
1,879 SF
Property subtype
Duplex
Site & Location
Neighborhood
Franklin Park
Additional Details
Multifamily Units
2
Building Details
Year Built
1977
Listing Agency:
Spyglass Realty
(512) 759-0889
Listed By:
Kristin Wellborn
(512) 960-5339
Source:
Emeraldhavenrealty
Added: Sep 5
Changed: Oct 31
Last Checked: Oct 31 at 1:43PM
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 Spyglass Realty
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Investment Insights
Based on property information with market context.
This 1,879-square-foot duplex was built in 1977 and has two vacant units. Interior updates include flooring, paint, countertops, cabinetry, hardware, appliances, and fixtures.
The property is at 4413 Teri Road in Austin, Texas.
The property is at 4413 Teri Road in Austin, Texas.
Key Highlights
- Two‑unit duplex with both residences currently vacant
- 1,879 square feet of building area
- Built in 1977
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,508
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,160
$630.2K
Cap Rate 7%
$450,114
$450.1K
Cap Rate 9%
$350,089
$350.1K
Market Conditions
NOI Build-Up for 1,879 SF
Gross rent
$47.4K $25.20/SF
− Vacancy
−$2.3K −$1.24/SF
EGI
$45.0K $23.96/SF
− OpEx
−$13.5K −$7.19/SF
NOI
$31.5K $16.77/SF
Area
ZIP 78744
Vacancy
4.94%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,160
Cap Rate 7%
$450,114
Cap Rate 9%
$350,089
Alternative Uses
Best Use
Multifamily LT 5
$450.1K
$393.9K – $525.1K
NOI $31,508 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$411.5K
$360.0K – $480.1K
NOI $28,803 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$736.3K
$644.3K – $859.0K
NOI $51,542 @ 7.0% cap · market cap 12.92%
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
311
Businesses Nearby
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Business Placement
Demographics for 78744, TX
51,048
Population
20,035
Households
2.5
Avg Household Size
31
Median Age
33%
College-Educated
77%
High-School Grad
22.6 sq mi
ZIP Area
2,259
Density / Sq Mi
$78,474
Median Household Income
$42,472
Median Earnings
$1,516
Median Rent
$307,000
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 - Two vacant units give occupants flexibility to configure the property for their needs.
Where is this duplex located?
The property is located at 4413 Teri Road Austin, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex with both residences currently vacant; 1,879 square feet of building area; Built in 1977
