Single-Story Duplex with Fenced
For Sale
$350,000
829 Ken St, Austin, TX 78758
Two-unit residential property with practical layouts, private outdoor space, and access to North Austin transportation and amenities.
Property Size2,028 SF
Price / SF$172.58
Days on Market28
Property Features for 829 Ken St
General Information
Standard status
Active
Size
2,028 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
mature trees
private outdoor space
privacy-fenced backyard
in-hall laundry connections
Building Details
Year Built
1965
Buildings
1
Stories
1
Construction
brick veneer
Listing Agency:
Redfin Corporation
Listed By:
Vanessa Stroud (512) 710-0156 · License #0684230
(866) 277-6005
Source:
Findahomeaustin
Added: Aug 6
Changed: Sep 1
Last Checked: Sep 1 at 8:49PM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
This single-story duplex, built in 1965, contains two residential units totaling 2,028 square feet. Each unit measures approximately 1,000 square feet and includes two bedrooms, one full bathroom, a living room, dining area, primary bedroom on the main level, and in-hall laundry connections. Wood-style flooring, ceiling fans, kitchen cabinetry, a gas range, refrigerator, and dishwasher are included. Brick veneer construction, mature trees, and a privacy-fenced backyard add to the property’s physical features.
The property is located at 829 Ken St in Austin’s 78758 ZIP code and is identified with the Quail Creek area. Access is available to N Lamar, US-183, MoPac, and I-35. The Domain, Domain NORTHSIDE, Q2 Stadium, Austin FC, shopping, dining, entertainment, and major North Austin employers are also noted in the surrounding context.
The property is located at 829 Ken St in Austin’s 78758 ZIP code and is identified with the Quail Creek area. Access is available to N Lamar, US-183, MoPac, and I-35. The Domain, Domain NORTHSIDE, Q2 Stadium, Austin FC, shopping, dining, entertainment, and major North Austin employers are also noted in the surrounding context.
Key Highlights
- Two‑unit duplex totaling 2,028 SF
- Each unit is approximately 1,000 SF with 2 bedrooms and 1 full bath
- Built in 1965 with single‑story design and brick veneer construction
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
$29,958
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
8.56%
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%
$599,160
$599.2K
Cap Rate 7%
$427,971
$428.0K
Cap Rate 9%
$332,867
$332.9K
Market Conditions
NOI Build-Up for 2,028 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
$45.0K $22.20/SF
− Vacancy
−$2.2K −$1.10/SF
EGI
$42.8K $21.10/SF
− OpEx
−$12.8K −$6.33/SF
NOI
$30.0K $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%
$599,160
Cap Rate 7%
$427,971
Cap Rate 9%
$332,867
Alternative Uses
Best Use
Multifamily LT 5
$428.0K
$374.5K – $499.3K
NOI $29,958 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$393.4K
$344.2K – $458.9K
NOI $27,535 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$794.7K
$695.4K – $927.2K
NOI $55,629 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,037
Businesses Nearby
Explore this area
Business Placement
Demographics for 78758, TX
49,831
Population
25,745
Households
1.9
Avg Household Size
32
Median Age
46%
College-Educated
85%
High-School Grad
9.1 sq mi
ZIP Area
5,476
Density / Sq Mi
$69,019
Median Household Income
$47,685
Median Earnings
$1,549
Median Rent
$419,300
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 - Two-unit residential property with practical layouts, private outdoor space, and access to North Austin transportation and amenities.
Where is this duplex located?
The property is located at 829 Ken St Austin, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,028 SF; Each unit is approximately 1,000 SF with 2 bedrooms and 1 full bath; Built in 1965 with single‑story design and brick veneer construction
