Two-Unit
For Sale
$370,000
5807 Spring Meadow RD, Austin, TX 78744
Separate utility meters serve the two residences.
Property Size1,664 SF
Price / SF$222.36
Days on Market19
Property Features for 5807 Spring Meadow RD
General Information
Standard status
Active
Size
1,664 SF
Property subtype
Duplex
Site & Location
Neighborhood
Mckinney
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$6,284
Building Details
Building Size
1,664 SF
Year Built
1984
Buildings
1
Listing Agency:
Agents Realty of Texas, LLC
Listed By:
Melanie Goss · License #0627864
(512) 590-5192
Source:
Theoberggroup
Added: Oct 15
Changed: Nov 1
Last Checked: Nov 1 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 Agents Realty of Texas, LLC
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Investment Insights
Based on property information with market context.
This 1,664-square-foot duplex, built in 1984, contains two residences, each with two bedrooms and one bathroom. Both units are vacant. Each includes a full kitchen, dining space, and a laundry room with pantry storage positioned beside the kitchen. Utilities are separately metered.
Recent work in the lower unit includes replacement carpet and a renovated bathroom. The property is located in Austin, Texas, ZIP code 78744.
Recent work in the lower unit includes replacement carpet and a renovated bathroom. The property is located in Austin, Texas, ZIP code 78744.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,664 square feet across the duplex
- Utilities are separately metered
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,903
Cap Rate
7.54%
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 7.54%
Second Best
Apartment 5plus
$364.4K
$318.9K – $425.1K
NOI $25,508 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$652.1K
$570.6K – $760.8K
NOI $45,645 @ 7.0% cap · market cap 12.34%
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
148
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 - Separate utility meters serve the two residences.
Where is this duplex located?
The property is located at 5807 Spring Meadow RD Austin, TX.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,664 square feet across the duplex; Utilities are separately metered
