Updated Two-Unit
For Sale
$400,000
5407 Spring Meadow RD, Austin, TX 78744
Two separate residences provide a choice of owner occupancy or leasing, with one unit currently vacant.
Property Size1,664 SF
Price / SF$240.38
Days on Market20
Property Features for 5407 Spring Meadow RD
General Information
Standard status
Active
Size
1,664 SF
Property subtype
Duplex
Site & Location
Neighborhood
Franklin Park
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
electric, gas, water
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,693
Amenities
private outdoor space
mature trees
Building Details
Building Size
1,664 SF
Year Built
1984
Buildings
1
Stories
2
Listing Agency:
Devora Realty
Listed By:
Joshua Faucher
(860) 942-6706
Source:
Davidroweproperties
Added: Oct 9
Changed: Oct 27
Last Checked: Oct 26 at 1:22PM
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 Devora Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,664-square-foot duplex contains two units, each configured with two bedrooms and one full bathroom. The two-story property has separate entrances, refreshed interiors, updated kitchens, stainless steel appliances, and central heating and air conditioning. Separate electric, gas, and water meters serve the units. A covered carport, additional driveway parking, private outdoor areas, and mature trees are also part of the property.
Unit A is leased at $1,600 per month, while Unit B is vacant. The property backs onto a greenbelt and creek, and access is available to I-35, Stassney Lane, and Nuckols Crossing. The building was constructed in 1984.
Unit A is leased at $1,600 per month, while Unit B is vacant. The property backs onto a greenbelt and creek, and access is available to I-35, Stassney Lane, and Nuckols Crossing. The building was constructed in 1984.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- 1,664 square feet of total living space
- Unit A leased at $1,600 per month; Unit B is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,903
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,060
$558.1K
Cap Rate 7%
$398,614
$398.6K
Cap Rate 9%
$310,033
$310.0K
Market Conditions
NOI Build-Up for 1,664 SF
Gross rent
$41.9K $25.20/SF
− Vacancy
−$2.1K −$1.24/SF
EGI
$39.9K $23.96/SF
− OpEx
−$12.0K −$7.19/SF
NOI
$27.9K $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%
$558,060
Cap Rate 7%
$398,614
Cap Rate 9%
$310,033
Alternative Uses
Best Use
Multifamily LT 5
$398.6K
$348.8K – $465.1K
NOI $27,903 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$364.4K
$318.9K – $425.1K
NOI $25,508 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$652.1K
$570.6K – $760.8K
NOI $45,645 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide a choice of owner occupancy or leasing, with one unit currently vacant.
Where is this duplex located?
The property is located at 5407 Spring Meadow RD Austin, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; 1,664 square feet of total living space; Unit A leased at $1,600 per month; Unit B is vacant
