Corner-Lot
New
For Sale
$465,000
Ab-5700 Cherry Park, Austin, TX 78745
Two-unit residential property with separate outdoor areas, updated systems, and access to nearby transit and cycling infrastructure.
Property Size1,515 SF
Price / SF$306.93
Days on Market6
Property Features for Ab-5700 Cherry Park
General Information
Standard status
Active
Size
1,515 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,055
Building Details
Buildings
1
Listing Agency:
Levi Rodgers Real Estate Group
(512) 965-9236
Listed By:
Ben Phillips
(512) 965-9236
Source:
Exprealty
Added: Jul 30
Changed: Aug 4
Last Checked: Aug 4 at 3:29AM
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 Levi Rodgers Real Estate Group
Investment Insights
Based on property information with market context.
This duplex contains 1,515 square feet across two residential units on a corner lot. Each unit has a large backyard, while Unit B also includes a fenced front yard. Property improvements include newer AC systems and hot water heaters, along with a roof approximately six years old. Unit A has updated bathrooms, and the property includes contemporary light fixtures and ceiling fans.
The property is located in South Austin along a popular bicycle route and a Capital Metro bus route. Leroy and Lewis BBQ is within short walking distance, adding a nearby dining option. The combination of two separate units, substantial outdoor areas, and established system upgrades provides a practical residential configuration for ownership or leasing.
The property is located in South Austin along a popular bicycle route and a Capital Metro bus route. Leroy and Lewis BBQ is within short walking distance, adding a nearby dining option. The combination of two separate units, substantial outdoor areas, and established system upgrades provides a practical residential configuration for ownership or leasing.
Key Highlights
- 1,515‑square‑foot duplex on a corner lot
- Large backyard serving each unit
- Unit B includes an expansive fenced front yard
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.6k | $22.20 |
| − Vacancy | −$1.7k | −$1.15 |
| EGI | $31.9k | $21.05 |
| − OpEx | −$9.6k | −$6.31 |
| NOI | $22.3k | $14.73 |
1,515 SF · lease $22.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.8K
$279.0K – $372.0K
NOI $22,319 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$294.5K
$257.7K – $343.6K
NOI $20,613 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$633.3K
$554.2K – $738.9K
NOI $44,332 @ 7.0% cap · market cap 9.53%
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
622
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
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 separate outdoor areas, updated systems, and access to nearby transit and cycling infrastructure.
Where is this duplex located?
The property is located at Ab-5700 Cherry Park Austin, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 1,515‑square‑foot duplex on a corner lot; Large backyard serving each unit; Unit B includes an expansive fenced front yard
