Duplex with Interior Garage
For Sale
$309,000
A-2202 Donahue Ln, Austin, TX 78744
Two-unit residential property featuring fireplaces, gas heating, and refrigerators that convey with the sale.
Property Size1,850 SF
Price / SF$167.03
Days on Market77
Property Features for A-2202 Donahue Ln
General Information
Standard status
Active
Size
1,850 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Amenities
fireplaces
Building Details
Buildings
1
Listing Agency:
360 of Austin
(512) 589-4494
Listed By:
Cathy Castleberry
(512) 589-4494
Source:
Exprealty
Added: Jun 17
Changed: Aug 20
Last Checked: Aug 31 at 7:35PM
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 360 of Austin
Investment Insights
Based on property information with market context.
This duplex contains 1,850 square feet and includes interior garage entries, fireplaces, and gas heating. Hardie Plank siding and the roof shingles were installed in 2020. Refrigerators convey with the property.
The property is located at A-2202 Donahue Ln in Austin, Texas. Side A is vacant for showings, while access to Side B requires an appointment with the tenant. A lockbox is located on the fence. The property also has a history of long-term tenancy.
The property is located at A-2202 Donahue Ln in Austin, Texas. Side A is vacant for showings, while access to Side B requires an appointment with the tenant. A lockbox is located on the fence. The property also has a history of long-term tenancy.
Key Highlights
- 1,850‑square‑foot duplex at A‑2202 Donahue Ln, Austin, TX
- Hardie Plank siding and new shingles installed in 2020
- Interior garage entries, fireplaces, and gas heating
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
$28,359
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
9.18%
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%
$567,180
$567.2K
Cap Rate 7%
$405,129
$405.1K
Cap Rate 9%
$315,100
$315.1K
Market Conditions
NOI Build-Up for 1,850 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
$54.4K $29.40/SF
− Vacancy
−$2.8K −$1.53/SF
EGI
$51.6K $27.87/SF
− OpEx
−$23.2K −$12.54/SF
NOI
$28.4K $15.33/SF
Area
ZIP 78744
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
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%
$567,180
Cap Rate 7%
$405,129
Cap Rate 9%
$315,100
Alternative Uses
Best Use
Multifamily LT 5
$443.2K
$387.8K – $517.0K
NOI $31,022 @ 7.0% cap · market cap 10.04%
Second Best
Apartment 5plus
$405.1K
$354.5K – $472.7K
NOI $28,359 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$725.0K
$634.3K – $845.8K
NOI $50,747 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 78744, TX
51,048
Population
20,035
Households
2.5
Avg Household Size
31
Median Age
33%
College-Educated
77%
High-School Grad
22.6 sq mi
ZIP Area
2,259
Density / Sq Mi
$78,474
Median Household Income
$42,472
Median Earnings
$1,516
Median Rent
$307,000
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 featuring fireplaces, gas heating, and refrigerators that convey with the sale.
Where is this duplex located?
The property is located at A-2202 Donahue Ln Austin, TX.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: 1,850‑square‑foot duplex at A‑2202 Donahue Ln, Austin, TX; Hardie Plank siding and new shingles installed in 2020; Interior garage entries, fireplaces, and gas heating
