Two-Unit Duplex with Private
7004 Ivory Key CT, Austin, TX 78745
For Sale
$469,000
Fully leased duplex with two-bedroom residences, in-unit laundry, off-street parking, and private outdoor space.
Property Size1,968 SF
Price / SF$238.31
Days on Market51
Property Features for 7004 Ivory Key CT
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Site & Location
Neighborhood
Road Access
Units
Unit Mix
Multifamily Units
Amenities
in-unit laundry
private backyard
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Phyllis Browning Company
(512) 215-8587
Listed By:
Longhorn Realty
(512) 289-2121
Source:
Longhornrealty
Added: Sep 20
Changed: Nov 8
Last Checked: Nov 8 at 5:43AM
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 Phyllis Browning Company
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Investment Insights
Based on property information with market context.
Built in 1982, this 1,968-square-foot duplex contains two private residences, each with two bedrooms and two full bathrooms. Both units include living, kitchen, and dining areas, along with dedicated in-unit laundry rooms. Each residence also provides two off-street parking spaces and a private backyard.
The property is fully leased to long-term tenants and sits on a quiet cul-de-sac at 7004 Ivory Key Court in South Austin. Downtown Austin is approximately 20 minutes away, while Sprouts, Sunset Valley, LeRoy and Lewis Barbecue, and other South Austin dining, shopping, and entertainment destinations are located minutes from the property.
The property is fully leased to long-term tenants and sits on a quiet cul-de-sac at 7004 Ivory Key Court in South Austin. Downtown Austin is approximately 20 minutes away, while Sprouts, Sunset Valley, LeRoy and Lewis Barbecue, and other South Austin dining, shopping, and entertainment destinations are located minutes from the property.
Key Highlights
- Two‑unit duplex with 1,968 square feet
- Fully leased to long‑term tenants
- Each residence includes 2 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,992
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,840
$579.8K
Cap Rate 7%
$414,171
$414.2K
Cap Rate 9%
$322,133
$322.1K
Market Conditions
NOI Build-Up for 1,968 SF
Gross rent
$43.7K $22.20/SF
− Vacancy
−$2.3K −$1.15/SF
EGI
$41.4K $21.05/SF
− OpEx
−$12.4K −$6.31/SF
NOI
$29.0K $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%
$579,840
Cap Rate 7%
$414,171
Cap Rate 9%
$322,133
Alternative Uses
Best Use
Multifamily LT 5
$414.2K
$362.4K – $483.2K
NOI $28,992 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$382.5K
$334.7K – $446.3K
NOI $26,776 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$822.7K
$719.8K – $959.8K
NOI $57,587 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
687
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
$459,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Austin, TX
Properties on Market for Duplexes in Austin
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex with two-bedroom residences, in-unit laundry, off-street parking, and private outdoor space.
Where is this duplex located?
The property is located at 7004 Ivory Key CT Austin, TX.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,968 square feet; Fully leased to long‑term tenants; Each residence includes 2 bedrooms and 2 full bathrooms
