Quadplex with Three Leased
For Sale
$1,200,000
8811 Schick Rd, Austin, TX 78729
For sale quadplex with three leased units and a private, fully fenced grassy yard.
Days on Market8
Property Features for 8811 Schick Rd
General Information
Standard status
Active
Property subtype
Investment
Occupancy
75%
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
4
Amenities
fully fenced grassy yard
fireplace
custom built-in shelving
lighted ceiling fans
dual-bay garage
Building Details
Building Size
4,294 SF
Year Built
1988
Tenancy
Multi
Listing Agency:
(512) 913-6987
Listed By:
Lindsay Neuren · License #0695144
(512) 913-6987
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 30 at 10:45AM
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 Lindsay Neuren
Investment Insights
Based on property information with market context.
This quadplex presents an immediate income stream with three of the four units already leased. The property features rustic stone-accent masonry with distinctive geometric windows, an expansive dual-bay garage, and interior layouts highlighted by sunlit open-concept living and dining areas with rich wood-look plank flooring. A floor-to-ceiling stacked-stone fireplace with a solid wood mantel anchors the main living space, complemented by an upgraded geometric light fixture.
Kitchens are laid out as functional galley spaces with bright white cabinetry, durable countertops, and clean white appliances, along with a stainless sink and dark goose-neck faucet. A main-level half bath with oil-rubbed bronze hardware adds convenience. Upstairs, bedrooms connect to plush neutral carpeting and offer custom built-in shelving, lighted ceiling fans, and ample storage, while bathrooms include matching dark bronze fixtures and full tub/shower surrounds.
Outside, residents enjoy a private, fully fenced grassy yard. Located in Northwest Austin’s Turtle Rock Estates, the property is within the Round Rock ISD district, including Live Oak Elementary, Deerpark Middle, and McNeil High. TransitScore is 28, walkScore is 65, and bikeScore is 56.
Kitchens are laid out as functional galley spaces with bright white cabinetry, durable countertops, and clean white appliances, along with a stainless sink and dark goose-neck faucet. A main-level half bath with oil-rubbed bronze hardware adds convenience. Upstairs, bedrooms connect to plush neutral carpeting and offer custom built-in shelving, lighted ceiling fans, and ample storage, while bathrooms include matching dark bronze fixtures and full tub/shower surrounds.
Outside, residents enjoy a private, fully fenced grassy yard. Located in Northwest Austin’s Turtle Rock Estates, the property is within the Round Rock ISD district, including Live Oak Elementary, Deerpark Middle, and McNeil High. TransitScore is 28, walkScore is 65, and bikeScore is 56.
Key Highlights
- Quadplex built in 1988 with three of four units already leased
- Sunlit open‑concept living and dining area with a floor‑to‑ceiling stacked‑stone fireplace and solid wood mantel
- Galley kitchen with bright white cabinetry, white appliances, and a stainless sink with dark goose‑neck faucet
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.3k | $22.20 |
| − Vacancy | −$4.7k | −$1.10 |
| EGI | $90.6k | $21.10 |
| − OpEx | −$27.2k | −$6.33 |
| NOI | $63.4k | $14.77 |
4,294 SF · lease $22.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$906.2K
$792.9K – $1.06M
NOI $63,432 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$832.9K
$728.8K – $971.7K
NOI $58,301 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,787 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,425
Businesses Nearby
Explore this area
Business Placement
Demographics for 78729, TX
31,829
Population
15,717
Households
2
Avg Household Size
35
Median Age
61%
College-Educated
97%
High-School Grad
9.8 sq mi
ZIP Area
3,248
Density / Sq Mi
$81,589
Median Household Income
$54,271
Median Earnings
$1,613
Median Rent
$434,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - For sale quadplex with three leased units and a private, fully fenced grassy yard.
Where is this quadplex located?
The property is located at 8811 Schick Rd Austin, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Quadplex built in 1988 with three of four units already leased; Sunlit open‑concept living and dining area with a floor‑to‑ceiling stacked‑stone fireplace and solid wood mantel; Galley kitchen with bright white cabinetry, white appliances, and a stainless sink with dark goose‑neck faucet
