Updated Duplex with Large
New
For Sale
$465,000
5700 Cherry PARK Unit A/B, Austin, TX 78745
Corner-lot property offers two residences with separate outdoor areas and recent system improvements.
Property Size1,515 SF
Days on Market6
Property Features for 5700 Cherry PARK Unit A/B
General Information
Standard status
Active
Size
1,515 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,055
Building Details
Building Size
1,515 SF
Year Built
1979
Buildings
1
Listing Agency:
Levi Rodgers Real Estate Group
(512) 965-9236
Listed By:
Ben Phillips
Source:
Lisacontaldi
Added: Jul 30
Changed: Aug 4
Last Checked: Aug 4 at 3:41AM
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 Levi Rodgers Real Estate Group
Investment Insights
Based on property information with market context.
This two-unit residential income property was built in 1979 and includes updates across both residences. Improvements include new flooring, quartz countertops, contemporary light fixtures, ceiling fans, newer AC systems, and newer hot water heaters. Unit A also has refreshed bathrooms, while current work includes flooring, counters, and backsplash updates. The property includes a roof approximately six years old.
Set on a corner lot in South Austin, the duplex provides large backyards for both units. Unit B additionally includes a fenced front yard. The property sits along a bike route and a Capital Metro bus route, with Leroy and Lewis BBQ within a short walk. The A/B configuration and separate outdoor spaces offer a practical setup for residential income ownership.
Set on a corner lot in South Austin, the duplex provides large backyards for both units. Unit B additionally includes a fenced front yard. The property sits along a bike route and a Capital Metro bus route, with Leroy and Lewis BBQ within a short walk. The A/B configuration and separate outdoor spaces offer a practical setup for residential income ownership.
Key Highlights
- Two‑unit duplex built in 1979
- New flooring and quartz countertops in both units
- Unit A includes updated bathrooms and ongoing backsplash improvements
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.6k | $22.20 |
| − Vacancy | −$1.7k | −$1.15 |
| EGI | $31.9k | $21.05 |
| − OpEx | −$9.6k | −$6.31 |
| NOI | $22.3k | $14.73 |
1,515 SF · lease $22.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.8K
$279.0K – $372.0K
NOI $22,319 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$294.5K
$257.7K – $343.6K
NOI $20,613 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$633.3K
$554.2K – $738.9K
NOI $44,332 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Explore this area
Business Placement
Demographics for 78745, TX
59,843
Population
31,246
Households
1.9
Avg Household Size
36
Median Age
54%
College-Educated
93%
High-School Grad
13.7 sq mi
ZIP Area
4,368
Density / Sq Mi
$84,529
Median Household Income
$56,551
Median Earnings
$1,655
Median Rent
$459,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot property offers two residences with separate outdoor areas and recent system improvements.
Where is this duplex located?
The property is located at 5700 Cherry PARK Unit A/B Austin, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1979; New flooring and quartz countertops in both units; Unit A includes updated bathrooms and ongoing backsplash improvements
