1 / 2Stabilized
$2,250,000
16-Unit Multifamily in Austin, TX
Travis County, TX · listed May 20, 2026 (161 days)
Price per unit compared
This property$141K
Within ~40 mi (32)$204K
Texas median (1,196)$92K
- $/unit
- $140,625
- ▲ 53% vs TX · 74th pct
- Cap rate
- 4%
- ▼ 3.4 pts vs TX median
- NOI
- $95K
- $5,938/unit/yr
- Units
- 16
- 1 bldg · 1967
Financials
- Asking price
- $2,250,000
- Price per unit
- $140,625
- Price per sq ft
- $313
- Gross rent / year
- Not stated
- Net operating income
- $95,000
- NOI per unit
- $5,938
- Cap rate
- 4%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 16
- Unit mix
- one-bedroom, one-bathroom residences
- Buildings
- 1
- Year built
- 1967
- Building size
- 7,200 sq ft
- Avg unit size
- 450 sq ft
- Lot size
- 0.3 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- May 20, 2026
- Days on market
- 161 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1017
About this property
Highlights
- Class mid-century, low-rise multifamily complex in an established neighborhood between North Campus and Hyde Park
- The units have been fully remodeled and have easily accessible, off-street, surface parking directly in front of their door
- Affordable price point for young professionals or students
- Convenient proximity to UT, Central Market, North Lamar and numerous medical districts
- Favorable NO-NCCD-ETOD Zoning which allows for higher-density redevelopment potential
- 2026 outlook for Austin multifamily: Construction starts are at a 10-year low and Demand is outpacing supply for the first time in 4 years
- Property Flyers
- Cedar Street Flats Flyer
- Public Transportation
- Commuter Rail
- Drive
- Walk
- Distance
- 10 min
- -
- 3.8 mi
- Airport
- Drive
- Walk
- Distance
- Austin-Bergstrom International
- 26 min
- -
- 12.7 mi
Highlights
- Class mid-century, low-rise multifamily complex in an established neighborhood between North University and Hyde Park
- The units have been fully remodeled and have easily accessible, off-street, surface parking directly in front of their door
- Affordable price point for young professionals or students
- Convenient proximity to UT, Central Market, North Lamar and numerous medical districts
- Favorable NO-NCCD-ETOD Zoning which allows for higher-density redevelopment potential.
- 2026 outlook for Austin multifamily: Construction starts are at a 10-year low, Demand is outpacing supply for the first time in 4 years, Austin leads the US in job growth
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| Austin, TX | $1.25M | $208K$208K | — |
 Austin, TX▼ 14% cutValue-add | $2.15M | $143K$143K | — |
 Austin, TXNew | $1.65M | $275K$275K | — |
 Austin, TX | $1.8M | $360K$360K | 2.9% |
 Austin, TXStabilized | $795K | $133K$133K | 8.3%gy |
 Austin, TXStabilized | $18.4M | $635K$635K | 4.5% |