12-Unit Multifamily in Austin, TX
Travis County, TX · listed Jul 9, 2026 (111 days)
▼ Reduced 5.8% on Sep 7, 2026, was $950,000
- $/unit
- $74,583
- ▼ 19% vs TX · 35th pct
- Cap rate
- 6.5%
- ▼ 0.9 pts vs TX median
- NOI
- $59K
- $4,879/unit/yr
- Units
- 12
- 1 bldg · 1972
Financials
- Asking price
- $895,000
- Price per unit
- $74,583
- Price per sq ft
- $188
- Gross rent / year
- $104,419
- Net operating income
- $58,553
- NOI per unit
- $4,879
- Cap rate
- 6.5%
- Gross yield
- 11.7%gross rent ÷ price
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- All units are studio setups
- Buildings
- 1
- Year built
- 1972
- Building size
- 4,752 sq ft
- Avg unit size
- 396 sq ft
- Lot size
- 0.21 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jul 9, 2026
- Days on market
- 111 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Sep 7, 2026: $950K → $895K
- Location
- Approximate (~0.5 mi)
- Listing #
- 2201
About this property
Positioned in the rapidly evolving Montopolis submarket, (address on request) is a stabilized 12-unit multifamily asset delivering durable, in-place income just minutes from Downtown Austin, Austin-Bergstrom International Airport, and major employment centers. The property carries a track record of strong occupancy and minimal vacancy, supported by long-term tenants on flexible month-to-month leases. A steady, cash-flowing foundation in one of Austin’s most centrally located neighborhoods, where rental demand continues to be fueled by proximity to downtown, Riverside, Tesla,and the airport. Adding to the area's long-term growth story, the planned Dog's Head mixed-use development is expected to bring new residential, retail, and commercial investment to the immediate vicinity, further enhancing the neighborhood's appeal and momentum.
Beyond the in-place income, the asset offers a clear path to additional upside: current rents sit well below area comps. The building is owner-managed and topped with a durable metal roof, reflecting consistent care and limited near-term capital needs. With easy access to Hwy 71, US-183, and I-35, residents enjoy a convenient commute while remaining close to Lady Bird Lake, East Austin entertainment, and the Riverside corridor. The surrounding area has experienced significant redevelopment activity, making this an attractive income-plus-upside or long-term hold opportunity in a high-growth Austin market.
100% Occupied Income-Producing 12-Unit Multifamily in Opportunity zone
Highlights
- 12-unit multifamily property
- All units are studio setups
- $104,419 Gross Rents - 2025
- $58,553.05 NOI
- 6.54% Cap Rate on ask price
- 4,752 SF GLA (Gross Leasable Area)
- $21.973 per SF per year lease value
- 0.21 acres (9,100 SF lot)
- Zoning MF-2-NP (Montopolis Neighborhood Plan)
- Built 1972, 2 stories, 12 surface parking spaces
- Month to month Leases for flexibility
- Long term Tenants
- Minimal vacancy timeframes
- 12 units assumed at $800/month average
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Austin, TXNewStabilized | $3.2M | $400K$400K | — |
| Austin, TX | $1.19M | $237K$237K | — |
Stabilized | $18.4M | $635K$635K | 4.5% |
New construction | $20M | $625K$625K | — |
Stabilized | $2.25M | $141K$141K | 4% |
Austin, TX▼ 14% cutValue-add | $2.15M | $143K$143K | — |

