Updated Triplex in
For Sale
$599,000
901 Valdez St 1-3, Austin, TX 78741
Updated triplex near the airport, ACC, and Lady Bird Lake.
Property Size1,728 SF
Lot Size0.17 Acres
Days on Market325
Property Features for 901 Valdez St 1-3
General Information
Standard status
Active
Size
1,728 SF
Lot size
0.17 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$3,861
Building Details
Building Size
1,728 SF
Year Built
1965
Stories
1
Units
3
Listing Agency:
Properties Plus
Listed By:
Eunice Garza · License #0480691
(512) 786-5192
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 17
Last Checked: Oct 19 at 7:25AM
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 Properties Plus
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This updated triplex is located in the Montopolis neighborhood. The property features new interior and exterior paint. It includes one-bedroom units with large yards. Additional features include gated parking, porch covers, and new windows. The property is located close to the airport, Austin Community College (ACC), and Lady Bird Lake. The property is suitable for owner occupancy, with the potential to lease out the other units.
Key Highlights
- Updated Triplex: Fully updated with new interior and exterior paint, windows, gated parking and porch covers.
- Mortgage Hacking Opportunity: Live in one unit and rent out the other two to offset mortgage costs.
- Income Potential: Easy to lease 1‑bedroom units with big yards.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,527
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,540
$510.5K
Cap Rate 7%
$364,671
$364.7K
Cap Rate 9%
$283,633
$283.6K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$38.4K $22.20/SF
− Vacancy
−$1.9K −$1.10/SF
EGI
$36.5K $21.10/SF
− OpEx
−$10.9K −$6.33/SF
NOI
$25.5K $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 Rate 5%
$510,540
Cap Rate 7%
$364,671
Cap Rate 9%
$283,633
Alternative Uses
Best Use
Multifamily LT 5
$364.7K
$319.1K – $425.5K
NOI $25,527 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$335.2K
$293.3K – $391.0K
NOI $23,461 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$677.1K
$592.5K – $790.0K
NOI $47,400 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 78741, TX
49,344
Population
24,763
Households
2
Avg Household Size
29
Median Age
49%
College-Educated
85%
High-School Grad
7.8 sq mi
ZIP Area
6,326
Density / Sq Mi
$66,434
Median Household Income
$41,533
Median Earnings
$1,477
Median Rent
$376,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Updated triplex near the airport, ACC, and Lady Bird Lake.
Where is this triplex located?
The property is located at 901 Valdez St 1-3 Austin, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Updated Triplex: Fully updated with new interior and exterior paint, windows, gated parking and porch covers.; Mortgage Hacking Opportunity: Live in one unit and rent out the other two to offset mortgage costs.; Income Potential: Easy to lease 1‑bedroom units with big yards.
