Updated Duplex
For Sale
$525,000
7002 Bennett Ave, Austin, TX 78752
Separate utility meters support distinct unit operations in Austin’s St. Johns submarket.
Days on Market42
Property Features for 7002 Bennett Ave
General Information
Standard status
Active
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
(512) 616-4420
Listed By:
Roland Castillo · License #0529378
Source:
Denpg
Added: Jun 22
Changed: Aug 1
Last Checked: Aug 2 at 12:06PM
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.7k | $22.20 |
| − Vacancy | −$2.6k | −$1.10 |
| EGI | $50.1k | $21.10 |
| − OpEx | −$15.0k | −$6.33 |
| NOI | $35.1k | $14.77 |
2,376 SF · lease $22.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$501.4K
$438.7K – $585.0K
NOI $35,099 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$460.9K
$403.3K – $537.7K
NOI $32,260 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$931.1K
$814.7K – $1.09M
NOI $65,175 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
Property 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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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 $525,000.
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
