Residential Income Property with
New
For Sale
$450,000
Pending
2423 W Slaughter Ln A B C D, Austin, TX 78748
Split-floorplan unit includes walk-in closets, laundry, storage, and gated outdoor access.
Days on Market4
Property Features for 2423 W Slaughter Ln A B C D
General Information
Standard status
Pending
Property subtype
Investment
Amenities
ceiling fans
walk-in closets
private patio/balcony
storage
laundry closet
refrigerator
Building Details
Building Size
3,752 SF
Year Built
1984
Listing Agency:
(512) 750-8426
Listed By:
David DeVaney
(512) 750-8426
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 1 at 10:55AM
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 David DeVaney
Investment Insights
Based on property information with market context.
This two-bedroom, two-bath unit is part of a 4plex built in 1984. The split floorplan places the primary bedroom and its private bathroom toward Slaughter Lane, while the secondary bedroom faces the parking area. A shared hallway bathroom serves the second bedroom and guests, and the hallway includes a laundry closet.
The unit features walk-in closets in both bedrooms, ceiling fans in the bedrooms and living spaces, a refrigerator, and a private patio or balcony with additional storage. A gate provides direct access from the patio or balcony. The property is located at 2423 W Slaughter Ln A, B, C, D in Austin, with a Walk Score of 28, Bike Score of 28, and Transit Score of 22.
The unit features walk-in closets in both bedrooms, ceiling fans in the bedrooms and living spaces, a refrigerator, and a private patio or balcony with additional storage. A gate provides direct access from the patio or balcony. The property is located at 2423 W Slaughter Ln A, B, C, D in Austin, with a Walk Score of 28, Bike Score of 28, and Transit Score of 22.
Key Highlights
- Two‑bedroom, two‑bath unit within a 4plex built in 1984
- Split floorplan with primary bedroom and private bathroom
- Private patio or balcony with gate and additional storage
Financial Insights For Apartment 5plus
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 | $62.6k | $16.68 |
| − Vacancy | −$5.6k | −$1.50 |
| EGI | $57.0k | $15.18 |
| − OpEx | −$25.6k | −$6.83 |
| NOI | $31.3k | $8.35 |
3,752 SF · lease $16.68/SF/yr · vacancy 9.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$447.5K
$391.5K – $522.1K
NOI $31,323 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,637 @ 7.0% cap · market cap 20.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
Explore this area
Business Placement
Demographics for 78748, TX
55,226
Population
25,694
Households
2.1
Avg Household Size
35
Median Age
56%
College-Educated
95%
High-School Grad
14.1 sq mi
ZIP Area
3,917
Density / Sq Mi
$107,652
Median Household Income
$59,611
Median Earnings
$1,711
Median Rent
$434,100
Median Home Value
Market
Properties on Market for Residential income properties in Austin
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Frequently Asked Questions
What type of property is this?
Residential income property - Split-floorplan unit includes walk-in closets, laundry, storage, and gated outdoor access.
Where is this residential income property located?
The property is located at 2423 W Slaughter Ln A B C D Austin, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath unit within a 4plex built in 1984; Split floorplan with primary bedroom and private bathroom; Private patio or balcony with gate and additional storage
