NewStabilized
$5,500,000
21-Unit Multifamily in Austin, TX
TX · listed Oct 16, 2026 (12 days)
Price per unit compared
This property$262K
Within ~40 mi (36)$200K
Texas median (1,196)$92K
- $/unit
- $261,905
- ▲ 184% vs TX · 93rd pct
- Cap rate
- —
- Gross yield
- —
- Units
- 21
- 2025
Financials
- Asking price
- $5,500,000
- Price per unit
- $261,905
- Price per sq ft
- $253
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 21
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- 2025
- Building size
- 21,780 sq ft
- Avg unit size
- 1,037 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 16, 2026
- Days on market
- 12 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1004
About this property
Highlights
- Priced Below Cost: $5.5M vs. ~$9.6M Total Project Cost and $8.39M Tax Assessment
- 100% Leased with Waitlist; ~95% Historical Occupancy
- Built-In Condo Exit: Individually Platted, Taxed and Metered, HOA in Place
- New 2025 Class A Build: Concrete Podium, Steel Frame, 12-Ft Ceilings
- Furnished Mid-Term Rental Model with 60% Renewal Rate and Medical/Corporate Tenant Base
- South Congress Corridor: 1.6 Mi to St. David's South, Minutes to St. Elmo, SoCo and Downtown
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Austin, TXValue-add | $2.38M | $99K$99K | 3% |
 Austin, TXNewNew construction | $6.89M | $862K$862K | — |
 Austin, TXStabilized | $1.6M | $200K$200K | 5.1% |
 Austin, TXNewStabilized | $1.7M | $340K$340K | — |
 Austin, TX▼ 11% cutValue-add | $1.25M | $208K$208K | 4.1% |
 Austin, TXNewStabilized | $2.29M | $191K$191K | — |