MULTIFAMILYRADAR
12-Unit Multifamily in Austin, TX, photo 11 / 2
▼ 6% cutStabilized
$895,000

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

Price per unit compared
This property$75K
Within ~40 mi (34)$200K
Texas median (1,196)$92K
$/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.

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