Two-Unit Duplex with Private
For Sale
$559,900
808 Ramble LN, Austin, TX 78745
1981-built duplex with matching two-bedroom units, private garages, and access to South Manchaca amenities and major routes.
Property Size1,896 SF
Days on Market84
Property Features for 808 Ramble LN
General Information
Standard status
Active
Size
1,896 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Cap Rate
7%
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$10,590
Building Details
Building Size
1,896 SF
Year Built
1981
Tenancy
Multi
Listing Agency:
Neighborhood Realty&Prop Mgmt
Listed By:
Patrick Juve · License #0538222
(512) 335-8686
Source:
Teamwestre
Added: Jul 17
Changed: Sep 26
Last Checked: Oct 7 at 2:57PM
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 Neighborhood Realty&Prop Mgmt
Investment Insights
Based on property information with market context.
This 1,896-square-foot duplex, built in 1981, contains two residential units with the same configuration: two bedrooms, 1.5 bathrooms, and a private garage per side. Both units are occupied by tenants with pets, and the property provides a straightforward layout across the two-unit structure.
The property is located in South Manchaca and has a Walk Score of 72. Nearby destinations identified for the property include South Congress, South Lamar, Barton Creek Greenbelt, and St. Edward’s University. Regional access includes I-35 and Mopac. The duplex is assigned to Austin ISD, including Odom Elementary, Bedichek Middle School, and Crockett High School. The stated cap rate is 7%.
The property is located in South Manchaca and has a Walk Score of 72. Nearby destinations identified for the property include South Congress, South Lamar, Barton Creek Greenbelt, and St. Edward’s University. Regional access includes I-35 and Mopac. The duplex is assigned to Austin ISD, including Odom Elementary, Bedichek Middle School, and Crockett High School. The stated cap rate is 7%.
Key Highlights
- Two‑unit duplex at 808 Ramble Lane, Austin, TX 78745
- 1,896 SF building constructed in 1981
- Each unit includes 2 bedrooms and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,932
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,640
$558.6K
Cap Rate 7%
$399,029
$399.0K
Cap Rate 9%
$310,356
$310.4K
Market Conditions
NOI Build-Up for 1,896 SF
Gross rent
$42.1K $22.20/SF
− Vacancy
−$2.2K −$1.15/SF
EGI
$39.9K $21.05/SF
− OpEx
−$12.0K −$6.31/SF
NOI
$27.9K $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%
$558,640
Cap Rate 7%
$399,029
Cap Rate 9%
$310,356
Alternative Uses
Best Use
Multifamily LT 5
$399.0K
$349.2K – $465.5K
NOI $27,932 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$368.5K
$322.5K – $430.0K
NOI $25,797 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$792.6K
$693.5K – $924.7K
NOI $55,480 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
593
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
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - 1981-built duplex with matching two-bedroom units, private garages, and access to South Manchaca amenities and major routes.
Where is this duplex located?
The property is located at 808 Ramble LN Austin, TX.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: Two‑unit duplex at 808 Ramble Lane, Austin, TX 78745; 1,896 SF building constructed in 1981; Each unit includes 2 bedrooms and 1.5 bathrooms
