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1700/1704 Lightsey RD
About This Property
A full suite of studies has already been completed, including a boundary, tree, and topographic survey, along with a detailed feasibility report that outlines how up to 24 detached 2,300-square-foot residences with 2-car garages could be built-while preserving 31 Protected and Heritage trees, in compliance with City of Austin guidelines. This is more than a development site; it's a rare canvas for building a new community in vibrant South Austin, where opportunities of this scale and character are increasingly hard to find.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 14, 2025 | Listed by KW-Austin Portfolio Real Estate | $5,000,000 | |
| Listed by KW-Austin Portfolio Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017