Vacant Duplex with
For Sale
$675,000
5101 Leralynn ST, Austin, TX 78751
Vacant duplex featuring original wood floors and a backyard across from neighborhood tennis courts.
Property Size1,968 SF
Days on Market63
Property Features for 5101 Leralynn ST
General Information
Standard status
Active
Size
1,968 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$13,908
Building Details
Building Size
1,968 SF
Year Built
1948
Listing Agency:
Compass RE Texas, LLC
Listed By:
Scott Hayes
(214) 814-8100
Source:
Lisacontaldi
Added: Aug 13
Changed: Oct 1
Last Checked: Oct 13 at 1:44AM
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.
This offering includes a vacant duplex built in 1948, with 1,968 square feet of interior space, original wood flooring, and a backyard. The property is identified as 5101 Leralynn St in Austin, Texas.
The sale combines this parcel with 218 W 51st St as a two-property package. The Leralynn Street duplex sits across from neighborhood tennis courts, providing a defined recreational feature directly opposite the property. Both parcels are conveyed together as one offering.
The sale combines this parcel with 218 W 51st St as a two-property package. The Leralynn Street duplex sits across from neighborhood tennis courts, providing a defined recreational feature directly opposite the property. Both parcels are conveyed together as one offering.
Key Highlights
- Vacant 1,968‑square‑foot duplex built in 1948
- Original wood floors remain in the duplex
- Backyard included with the 5101 Leralynn St property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,072
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,440
$581.4K
Cap Rate 7%
$415,314
$415.3K
Cap Rate 9%
$323,022
$323.0K
Market Conditions
NOI Build-Up for 1,968 SF
Gross rent
$43.7K $22.20/SF
− Vacancy
−$2.2K −$1.10/SF
EGI
$41.5K $21.10/SF
− OpEx
−$12.5K −$6.33/SF
NOI
$29.1K $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%
$581,440
Cap Rate 7%
$415,314
Cap Rate 9%
$323,022
Alternative Uses
Best Use
Multifamily LT 5
$415.3K
$363.4K – $484.5K
NOI $29,072 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$381.7K
$334.0K – $445.3K
NOI $26,720 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$771.2K
$674.8K – $899.7K
NOI $53,984 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,360
Businesses Nearby
Explore this area
Business Placement
Demographics for 78751, TX
17,071
Population
9,966
Households
1.7
Avg Household Size
30
Median Age
77%
College-Educated
98%
High-School Grad
2.4 sq mi
ZIP Area
7,113
Density / Sq Mi
$81,657
Median Household Income
$53,330
Median Earnings
$1,627
Median Rent
$700,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant duplex featuring original wood floors and a backyard across from neighborhood tennis courts.
Where is this duplex located?
The property is located at 5101 Leralynn ST Austin, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Vacant 1,968‑square‑foot duplex built in 1948; Original wood floors remain in the duplex; Backyard included with the 5101 Leralynn St property
