Austin Triplex Near East
For Sale
$940,500
6107 Palm Cir, Austin, TX 78741
Triplex with rental income potential near Downtown and East Riverside.
Property Size2,170 SF
Days on Market323
Property Features for 6107 Palm Cir
General Information
Standard status
Active
Size
2,170 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$10,646
Building Details
Building Size
2,170 SF
Year Built
2022
Stories
2
Units
3
Listing Agency:
Trillionaire Realty
Listed By:
Chris Lawrence · License #0487898
(832) 455-3550
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 2
Last Checked: Oct 16 at 9:29AM
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 Trillionaire Realty
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Investment Insights
Based on property information with market context.
This triplex is located on Palm Cir, offering convenient access to Downtown Austin, the airport, and major employers via the East Riverside corridor. The property comprises two 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit, totaling 5 bedrooms and 3 bathrooms. The configuration allows for rental income, multi-generational living, or future updates. Nearby amenities include Roy G. Guerrero Park, Lady Bird Lake Trails, Meanwhile Brewing, and Buzz Mill Coffee. This central location offers an opportunity to create an Austin vision.
Key Highlights
- Newly built in 2022
- Triplex with income potential from two 2‑bedroom units and one 1‑bedroom unit
- Prime location near East Riverside corridor with quick access to Downtown and the airport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,056
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,120
$641.1K
Cap Rate 7%
$457,943
$457.9K
Cap Rate 9%
$356,178
$356.2K
Market Conditions
NOI Build-Up for 2,170 SF
Gross rent
$48.2K $22.20/SF
− Vacancy
−$2.4K −$1.10/SF
EGI
$45.8K $21.10/SF
− OpEx
−$13.7K −$6.33/SF
NOI
$32.1K $14.77/SF
Area
Austin, TX
Vacancy
4.94%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,120
Cap Rate 7%
$457,943
Cap Rate 9%
$356,178
Alternative Uses
Best Use
Multifamily LT 5
$457.9K
$400.7K – $534.3K
NOI $32,056 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$420.9K
$368.3K – $491.1K
NOI $29,463 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$850.4K
$744.1K – $992.1K
NOI $59,525 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
Explore this area
Business Placement
Demographics for 78741, TX
49,344
Population
24,763
Households
2
Avg Household Size
29
Median Age
49%
College-Educated
85%
High-School Grad
7.8 sq mi
ZIP Area
6,326
Density / Sq Mi
$66,434
Median Household Income
$41,533
Median Earnings
$1,477
Median Rent
$376,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with rental income potential near Downtown and East Riverside.
Where is this triplex located?
The property is located at 6107 Palm Cir Austin, TX.
What is the asking price?
The asking price for this property is $940,500.
What are key features of this property?
This property features: Newly built in 2022; Triplex with income potential from two 2‑bedroom units and one 1‑bedroom unit; Prime location near East Riverside corridor with quick access to Downtown and the airport
