Recently Updated 2BR/2BA
For Sale
$719,000
11900 Alpheus Ave, Austin, TX 78759
Recently updated fourplex with four 2BR/2BA units and planned vacancy in May 2026 for flexible leasing.
Property Size4,016 SF
Days on Market207
Property Features for 11900 Alpheus Ave
General Information
Standard status
Active
Size
4,016 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
North Austin
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$13,788
Building Details
Building Size
4,016 SF
Year Built
1981
Listing Agency:
Teifke Real Estate
Listed By:
Leo Duarte
(512) 228-0415
Source:
Localcolorrealestateaustin
Added: Apr 3
Changed: Oct 26
Last Checked: Oct 24 at 10:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Teifke Real Estate
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Investment Insights
Based on property information with market context.
This recently updated fourplex is configured with four units, each offering a 2-bedroom and 2-bath layout. The seller has noted that one unit will be purposely left vacant in May 2026, which can provide immediate flexibility for the new owner to adjust rents to market terms and potentially accommodate showings for interested parties. The property is described as having current rents set below market for comparable 2/2 units in the area in order to minimize vacancy and turnover.
The property is located at 11900 Alpheus Ave in Austin, near The Domain and major tech employers. Transit accessibility is described as limited, with the provided BikeScore, WalkScore, and transitScore indicating a more car-dependent lifestyle overall.
Seller is also open to seller financing with 20% down and a 3-year term at a 5% rate, per the public remarks.
The property is located at 11900 Alpheus Ave in Austin, near The Domain and major tech employers. Transit accessibility is described as limited, with the provided BikeScore, WalkScore, and transitScore indicating a more car-dependent lifestyle overall.
Seller is also open to seller financing with 20% down and a 3-year term at a 5% rate, per the public remarks.
Key Highlights
- 1981‑built fourplex with four 2BR/2BA units
- Recently updated property
- One unit planned to be left vacant in May 2026 for flexible leasing and potential rent adjustments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,326
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,186,520
$1.2M
Cap Rate 7%
$847,514
$847.5K
Cap Rate 9%
$659,178
$659.2K
Market Conditions
NOI Build-Up for 4,016 SF
Gross rent
$89.2K $22.20/SF
− Vacancy
−$4.4K −$1.10/SF
EGI
$84.8K $21.10/SF
− OpEx
−$25.4K −$6.33/SF
NOI
$59.3K $14.77/SF
Area
Austin, TX
Vacancy
4.94%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,186,520
Cap Rate 7%
$847,514
Cap Rate 9%
$659,178
Alternative Uses
Best Use
Multifamily LT 5
$847.5K
$741.6K – $988.8K
NOI $59,326 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$778.9K
$681.6K – $908.8K
NOI $54,526 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,162 @ 7.0% cap · market cap 15.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
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Business Placement
Demographics for 78759, TX
42,333
Population
23,843
Households
1.8
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
14.3 sq mi
ZIP Area
2,960
Density / Sq Mi
$102,799
Median Household Income
$67,807
Median Earnings
$1,680
Median Rent
$634,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Recently updated fourplex with four 2BR/2BA units and planned vacancy in May 2026 for flexible leasing.
Where is this quadplex located?
The property is located at 11900 Alpheus Ave Austin, TX.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: 1981‑built fourplex with four 2BR/2BA units; Recently updated property; One unit planned to be left vacant in May 2026 for flexible leasing and potential rent adjustments
