Leased 2-Unit
5012 Cana Cove, Austin, TX 78749
For Sale
$589,000
Both residences are leased through June 2027, with separate electric, gas, and water meters.
Property Size2,112 SF
Price / SF$278.88
Days on Market53
Property Features for 5012 Cana Cove
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Gross Income
Amenities
gas appliances
fireplace
open floorplan
double vanity
walk-in closets
large private backyard
Building Details
Year Built
Buildings
Listing Agency:
Moreland Properties
(512) 480-0848
Listed By:
Chad Mahagan
(512) 773-6281
Source:
Emeraldhavenrealty
Added: Sep 18
Changed: Nov 9
Last Checked: Nov 8 at 2:21PM
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 Moreland Properties
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Investment Insights
Based on property information with market context.
Built in 1983, this 2,112-square-foot duplex contains two leased residences, each configured with two bedrooms and two bathrooms. Both leases run through June 2027. The property has separate electric, gas, and water meters, and no HOA. Recent exterior work includes new siding and freshly painted brick.
The duplex is across from Patton Elementary, soccer fields, and nature trails. Arbor Trails and Sunset Valley are a short drive away.
The duplex is across from Patton Elementary, soccer fields, and nature trails. Arbor Trails and Sunset Valley are a short drive away.
Key Highlights
- Both units are leased through June 2027
- 2,112 square feet; built in 1983
- Two units, each with 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,199
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,980
$624.0K
Cap Rate 7%
$445,700
$445.7K
Cap Rate 9%
$346,656
$346.7K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$46.9K $22.20/SF
− Vacancy
−$2.3K −$1.10/SF
EGI
$44.6K $21.10/SF
− OpEx
−$13.4K −$6.33/SF
NOI
$31.2K $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%
$623,980
Cap Rate 7%
$445,700
Cap Rate 9%
$346,656
Alternative Uses
Best Use
Multifamily LT 5
$445.7K
$390.0K – $520.0K
NOI $31,199 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$409.6K
$358.4K – $477.9K
NOI $28,675 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$827.6K
$724.2K – $965.6K
NOI $57,934 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
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Business Placement
Demographics for 78749, TX
35,239
Population
16,554
Households
2.1
Avg Household Size
37
Median Age
67%
College-Educated
96%
High-School Grad
9.7 sq mi
ZIP Area
3,633
Density / Sq Mi
$113,918
Median Household Income
$70,158
Median Earnings
$1,843
Median Rent
$530,900
Median Home Value
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Market
Average Price Trend$/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 are leased through June 2027, with separate electric, gas, and water meters.
Where is this duplex located?
The property is located at 5012 Cana Cove Austin, TX.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Both units are leased through June 2027; 2,112 square feet; built in 1983; Two units, each with 2 bedrooms and 2 bathrooms
