Fully Leased
For Sale
$475,000
6201 Berkett Cv, Austin, TX 78745
Two occupied residences provide a stabilized residential income property with convenient access to shopping, dining, parks, and commuter routes.
Property Size1,680 SF
Price / SF$282.74
Days on Market71
Property Features for 6201 Berkett Cv
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1981
Listing Agency:
Keller Williams - Lake Travis
Listed By:
Alice Duffy · License #0681288
(512) 784-2345
Source:
Olverabolton
Added: Aug 8
Changed: Oct 13
Last Checked: Oct 7 at 3:18PM
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 Keller Williams - Lake Travis
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Investment Insights
Based on property information with market context.
Built in 1981, this duplex contains two residences, both currently occupied. Each unit is described as functional and filled with natural light, offering established residential space within a two-unit configuration.
The property is located in South Austin with access to nearby shopping, dining, parks, and major commuter routes. Its current occupancy and proximity to everyday amenities define the asset’s primary operating characteristics.
The property is located in South Austin with access to nearby shopping, dining, parks, and major commuter routes. Its current occupancy and proximity to everyday amenities define the asset’s primary operating characteristics.
Key Highlights
- Two‑residence duplex with both units currently occupied
- Built in 1981
- Located in South Austin
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,750
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,000
$495.0K
Cap Rate 7%
$353,571
$353.6K
Cap Rate 9%
$275,000
$275.0K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$37.3K $22.20/SF
− Vacancy
−$1.9K −$1.15/SF
EGI
$35.4K $21.05/SF
− OpEx
−$10.6K −$6.31/SF
NOI
$24.7K $14.73/SF
Area
ZIP 78745
Vacancy
5.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,000
Cap Rate 7%
$353,571
Cap Rate 9%
$275,000
Alternative Uses
Best Use
Multifamily LT 5
$353.6K
$309.4K – $412.5K
NOI $24,750 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$326.5K
$285.7K – $381.0K
NOI $22,858 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$702.3K
$614.5K – $819.3K
NOI $49,160 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
966
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
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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?
Duplex - Two occupied residences provide a stabilized residential income property with convenient access to shopping, dining, parks, and commuter routes.
Where is this duplex located?
The property is located at 6201 Berkett Cv Austin, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑residence duplex with both units currently occupied; Built in 1981; Located in South Austin
