8-Unit Multifamily in Austin, TX
Travis County, TX · listed Feb 3, 2026 (267 days)
- $/unit
- $200,000
- ▲ 117% vs TX · 86th pct
- Cap rate
- 5.1%
- ▼ 2.3 pts vs TX median
- NOI
- $92K
- $11,549/unit/yr
- Units
- 8
Financials
- Asking price
- $1,600,000
- Price per unit
- $200,000
- Price per sq ft
- Not stated
- Gross rent / year
- $119,880
- Net operating income
- $92,393
- NOI per unit
- $11,549
- Cap rate
- 5.1%
- Gross yield
- 7.5%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 8
- Unit mix
- Predominantly one-bedroom units ranging from approximately 535–959 SF
- Buildings
- Not stated
- Year built
- Not stated
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Feb 3, 2026
- Days on market
- 267 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2115
About this property
Presented for sale is a well-maintained 8-unit multifamily asset offering in-place cash flow.The property is structured as eight condominium units, each conveying a 12.50% undivided interest in common elements, providing ownership flexibility and long-term value.
Property Overview
- Predominantly one-bedroom units ranging from approximately 535–959 SF
- In-unit washer and dryers in all units
- One upper-level unit features a fireplace and private balcony
- Below-market rents with upside potential
- One-bedroom units support approximately ±$1,200/month
- Larger two-room unit supports approximately ±$2,200/month
Recent Capital Improvements
- New roof with a 50-year warranty
- New gutters
- Gravel landscaping installed in 2024
- Four new water heaters
- Well-maintained asset with limited near-term capital exposure
Utilities & Operations
- Single City of Austin water meter
- Average water expense: $375–$450/month
- Water and trash allocated to tenants
- Trash service approximately $175/month, with potential savings through alternative providers
Financial Highlights
- Current Monthly Income: $9,990
- Projected Annual Income (2025): $119,880
- 2025 Property Taxes: $27,486.48
- Approximate NOI: $92,393.52*
- Asking Price: $1,800,000
- In-Place Cap Rate: 5.13%
*NOI excludes maintenance and other variable operating expenses.
Location & Investment Thesis
Situated on a bus line and in close proximity to major employment centers, retail, and daily amenities, the property benefits from consistent rental demand. This offering is well-suited for investors seeking immediate cash flow with upside through strategic rent adjustments and modest operational improvements.
Important Note: The rent roll is currently being revised. All income figures and projections are based on 2024–2025 rental data and are provided for informational purposes only. Information is deemed reliable but not guaranteed.
Multifamily
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Austin, TXNewNew construction | $6.89M | $862K$862K | — |
 Austin, TXValue-add | $2.38M | $99K$99K | 3% |
 Austin, TXNewStabilized | $1.7M | $340K$340K | — |
 Austin, TX▼ 11% cutValue-add | $1.25M | $208K$208K | 4.1% |
 Austin, TXNewStabilized | $5.5M | $262K$262K | — |
 Austin, TXNewStabilized | $2.29M | $191K$191K | — |