Updated Duplex
For Sale
$475,000
7002 Bennett Ave, Austin, TX 78752
Separate utility meters support distinct unit operations in Austin’s St. Johns submarket.
Property Size2,376 SF
Days on Market89
Property Features for 7002 Bennett Ave
General Information
Standard status
Active
Size
2,376 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$10,233
Building Details
Building Size
2,376 SF
Year Built
2006
Buildings
1
Tenancy
Multi
Listing Agency:
Pure Realty
Listed By:
Roland Castillo · License #0529378
(512) 616-4420
Source:
Denpg
Added: Jun 22
Changed: Sep 17
Last Checked: Sep 18 at 12:30PM
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 Pure Realty
Investment Insights
Based on property information with market context.
Built in 2006, this Austin duplex includes two recently remodeled units with separate utility meters. Unit A is currently producing rental income, while Unit B can accommodate owner occupancy or a new lease at market rents. The configuration also supports a long-term rental strategy, subject to the applicable tenancy arrangements.
The property is located at 7002 Bennett Ave in Austin’s St. Johns submarket, with access to Downtown Austin, UT, Mueller, and major employment centers within minutes. Historical tenancy has been stable, including a tenant who occupied one unit for approximately eight years. The surrounding area includes newer duplex, condominium, and townhome development.
The property is located at 7002 Bennett Ave in Austin’s St. Johns submarket, with access to Downtown Austin, UT, Mueller, and major employment centers within minutes. Historical tenancy has been stable, including a tenant who occupied one unit for approximately eight years. The surrounding area includes newer duplex, condominium, and townhome development.
Key Highlights
- Two‑unit duplex built in 2006
- Recently remodeled units
- Separate utility meters for the units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,099
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$701,980
$702.0K
Cap Rate 7%
$501,414
$501.4K
Cap Rate 9%
$389,989
$390.0K
Market Conditions
NOI Build-Up for 2,376 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.7K $22.20/SF
− Vacancy
−$2.6K −$1.10/SF
EGI
$50.1K $21.10/SF
− OpEx
−$15.0K −$6.33/SF
NOI
$35.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$701,980
Cap Rate 7%
$501,414
Cap Rate 9%
$389,989
Alternative Uses
Best Use
Multifamily LT 5
$501.4K
$438.7K – $585.0K
NOI $35,099 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$460.9K
$403.3K – $537.7K
NOI $32,260 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$931.1K
$814.7K – $1.09M
NOI $65,175 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,450
Businesses Nearby
Explore this area
Business Placement
Demographics for 78752, TX
19,289
Population
10,929
Households
1.8
Avg Household Size
33
Median Age
45%
College-Educated
87%
High-School Grad
3.3 sq mi
ZIP Area
5,845
Density / Sq Mi
$66,404
Median Household Income
$38,805
Median Earnings
$1,445
Median Rent
$361,200
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
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Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters support distinct unit operations in Austin’s St. Johns submarket.
Where is this duplex located?
The property is located at 7002 Bennett Ave 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‑unit duplex built in 2006; Recently remodeled units; Separate utility meters for the units
