Fenced Duplex with
For Sale
$460,000
A-b-2311 Burleson Road, Austin, TX 78741
Each residence offers a fireplace, covered patio, and enclosed backyard.
Property Size1,811 SF
Price / SF$254
Days on Market134
Property Features for A-b-2311 Burleson Road
General Information
Standard status
Active
Size
1,811 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,581
Amenities
fireplace
covered back patio
covered front porch
indoor laundry rooms
fully fenced yards
shade trees
Building Details
Buildings
1
Listing Agency:
Mallach and Company
(512) 587-9127
Listed By:
Brenda Underwood · License #0510175
(512) 293-2805
Source:
Exprealty
Added: Apr 22
Changed: Sep 1
Last Checked: Sep 1 at 10:45PM
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 Mallach and Company
Investment Insights
Based on property information with market context.
This 1,811-square-foot duplex contains two residences, each with two bedrooms, one full bathroom, an indoor laundry room, a living-room fireplace, and a one-car garage. Both units have covered patios, covered front porches, fully fenced backyards, and mature shade trees. One unit includes kitchen updates with a quartz countertop and stainless steel sink, while the bathroom features tile flooring, a replaced tub and toilet, a modern backsplash, a furniture-style vanity, a white marble countertop, and updated fixtures.
The property is located on Burleson Road in Austin, with a bus stop at the corner. Downtown Austin, SOCO, Ladybird Lake, Zilker Park, Barton Springs, local eateries, and annual festivals are stated to be within a 10–15-minute drive. One side is described as operating as a VRBO, with owner occupancy also noted as an option.
The property is located on Burleson Road in Austin, with a bus stop at the corner. Downtown Austin, SOCO, Ladybird Lake, Zilker Park, Barton Springs, local eateries, and annual festivals are stated to be within a 10–15-minute drive. One side is described as operating as a VRBO, with owner occupancy also noted as an option.
Key Highlights
- 1,811‑square‑foot duplex with two 2‑bedroom, 1‑bath residences
- Each unit includes a 1‑car garage, fireplace, indoor laundry room, and covered patio
- Both backyards are fully fenced and include covered outdoor space
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
$26,753
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
5.82%
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%
$535,060
$535.1K
Cap Rate 7%
$382,186
$382.2K
Cap Rate 9%
$297,256
$297.3K
Market Conditions
NOI Build-Up for 1,811 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
$40.2K $22.20/SF
− Vacancy
−$2.0K −$1.10/SF
EGI
$38.2K $21.10/SF
− OpEx
−$11.5K −$6.33/SF
NOI
$26.8K $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%
$535,060
Cap Rate 7%
$382,186
Cap Rate 9%
$297,256
Alternative Uses
Best Use
Multifamily LT 5
$382.2K
$334.4K – $445.9K
NOI $26,753 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$351.3K
$307.4K – $409.8K
NOI $24,588 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$709.7K
$621.0K – $828.0K
NOI $49,677 @ 7.0% cap · market cap 10.80%
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
972
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
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 - Each residence offers a fireplace, covered patio, and enclosed backyard.
Where is this duplex located?
The property is located at A-b-2311 Burleson Road Austin, TX.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 1,811‑square‑foot duplex with two 2‑bedroom, 1‑bath residences; Each unit includes a 1‑car garage, fireplace, indoor laundry room, and covered patio; Both backyards are fully fenced and include covered outdoor space
