Three-Bedroom Residential
For Sale
$1,000,000
607 Terrell Hill Drive Unit A, Austin, TX 78704
A detached, air-conditioned two-car garage offers additional enclosed space beyond the home’s three bedrooms.
Property Size1,938 SF
Days on Market13
Property Features for 607 Terrell Hill Drive Unit A
General Information
Standard status
Active
Size
1,938 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
solar panels
automatic shades
Murphy bed
walk-in closet
double vanity
walk-in shower/tub combo
portable generator hookup
air conditioned garage
custom landscaping
Building Details
Building Size
1,938 SF
Year Built
2014
Listing Agency:
Kuper Sotheby's International Realty
Listed By:
Lazan Pargaman
(512) 750-5599
Source:
Kumarawilcoxon
Added: Oct 7
Changed: Oct 17
Last Checked: Oct 19 at 5:01PM
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 Kuper Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 2014 residential property has three bedrooms, an open living area, and an upstairs primary suite with a walk-in closet and bathroom featuring a double vanity and walk-in shower/tub combination. A second bedroom has an ensuite bath and Murphy bed; the third has a full bathroom nearby. Automatic shades are installed in all three bedrooms, and solar panels and a portable generator hookup are also present. The detached two-car garage is air conditioned and partially insulated.
The property is on a bus line and situated near Toss Pizzeria, Summer Moon Coffee, and South Austin Neighborhood Park. Downtown Austin is an eight-minute drive away, according to the property information.
The property is on a bus line and situated near Toss Pizzeria, Summer Moon Coffee, and South Austin Neighborhood Park. Downtown Austin is an eight-minute drive away, according to the property information.
Key Highlights
- Three bedrooms, including an upstairs primary suite with walk‑in closet
- Detached, air‑conditioned 2‑car garage with partial insulation
- Solar panels and a dedicated portable generator hookup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,708
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,160
$594.2K
Cap Rate 7%
$424,400
$424.4K
Cap Rate 9%
$330,089
$330.1K
Market Conditions
NOI Build-Up for 1,938 SF
Gross rent
$57.0K $29.40/SF
− Vacancy
−$3.0K −$1.53/SF
EGI
$54.0K $27.87/SF
− OpEx
−$24.3K −$12.54/SF
NOI
$29.7K $15.33/SF
Area
ZIP 78704
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,160
Cap Rate 7%
$424,400
Cap Rate 9%
$330,089
Alternative Uses
Best Use
Apartment 5plus
$424.4K
$371.4K – $495.1K
NOI $29,708 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$808.1K
$707.1K – $942.8K
NOI $56,570 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,278
Businesses Nearby
Explore this area
Business Placement
Demographics for 78704, TX
49,197
Population
29,959
Households
1.6
Avg Household Size
34
Median Age
70%
College-Educated
94%
High-School Grad
8.8 sq mi
ZIP Area
5,591
Density / Sq Mi
$97,160
Median Household Income
$67,527
Median Earnings
$1,755
Median Rent
$862,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A detached, air-conditioned two-car garage offers additional enclosed space beyond the home’s three bedrooms.
Where is this residential income property located?
The property is located at 607 Terrell Hill Drive Unit A Austin, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Three bedrooms, including an upstairs primary suite with walk‑in closet; Detached, air‑conditioned 2‑car garage with partial insulation; Solar panels and a dedicated portable generator hookup
