Two-Unit Duplex with Fenced
5815 Spring Meadow Rd, Austin, TX 78744
For Sale
$399,900
Both residences are vacant, with three-bedroom layouts, carport parking, and updated interior finishes.
Property Size1,914 SF
Price / SF$208.93
Days on Market10
Property Features for 5815 Spring Meadow Rd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
large fenced yard
carport
Building Details
Year Built
Listing Agency:
RealtyStake LLC
Listed By:
Scott Sutherland · License TX #0599646
(512) 925-0783
Source:
Seeaustinareahouses
Added: Nov 1
Changed: Nov 10
Last Checked: Nov 10 at 2:29PM
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 RealtyStake LLC
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Investment Insights
Based on property information with market context.
This 1,914-square-foot duplex contains two matching residences, each with three bedrooms and two bathrooms. Interior updates include quartz countertops, stainless steel appliances, refreshed shower tile and light fixtures, and vinyl plank flooring throughout both units. The property was built in 1985 and includes a large fenced yard and a carport.
Both units are vacant and available for viewing. The property is located in Austin, Texas.
Both units are vacant and available for viewing. The property is located in Austin, Texas.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 1,914‑square‑foot duplex built in 1985
- Quartz countertops, stainless steel appliances, updated shower tile and light fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,095
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,900
$641.9K
Cap Rate 7%
$458,500
$458.5K
Cap Rate 9%
$356,611
$356.6K
Market Conditions
NOI Build-Up for 1,914 SF
Gross rent
$48.2K $25.20/SF
− Vacancy
−$2.4K −$1.24/SF
EGI
$45.9K $23.96/SF
− OpEx
−$13.8K −$7.19/SF
NOI
$32.1K $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%
$641,900
Cap Rate 7%
$458,500
Cap Rate 9%
$356,611
Alternative Uses
Best Use
Multifamily LT 5
$458.5K
$401.2K – $534.9K
NOI $32,095 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$419.1K
$366.8K – $489.0K
NOI $29,340 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$750.0K
$656.3K – $875.0K
NOI $52,502 @ 7.0% cap · market cap 13.13%
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
$307,000
Median Home Value
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Market
Average Price Trend$/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 vacant, with three-bedroom layouts, carport parking, and updated interior finishes.
Where is this duplex located?
The property is located at 5815 Spring Meadow Rd Austin, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 1,914‑square‑foot duplex built in 1985; Quartz countertops, stainless steel appliances, updated shower tile and light fixtures
