4-Unit Quadplex with
New
For Sale
$635,000
7311 Oak Meadow DR, Austin, TX 78736
Four separately metered residences offer private entries, balconies, and dedicated off-street parking.
Property Size3,580 SF
Price / SF$177.37
Days on Market3
Property Features for 7311 Oak Meadow DR
General Information
Standard status
Active
Size
3,580 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Amenities
balcony
energy efficient windows
security camera system
outside lighting
Building Details
Year Built
1983
Buildings
1
Listing Agency:
Compass Re Texas, LLC
(512) 330-1004
Listed By:
Papasan Properties Group
(512) 330-1004
Source:
Papasanproperties
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 7:50PM
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 Compass Re Texas, LLC
Investment Insights
Based on property information with market context.
Built in 1983, this quadplex contains four residential units, each with approximately 895 square feet, two bedrooms, and two baths. Private entrances lead into individual living spaces, while sliding glass doors provide access to exterior balconies. Hardie board siding, vinyl and stone exterior finishes, and energy-efficient windows complete the building envelope.
The property is located at 7311 Oak Meadow DR in Austin’s Oak Hill community, set back from the main road. An off-street parking lot provides space for eight vehicles. Water utilities are separately metered for each unit, and the exterior includes lighting and a security camera system.
The property is located at 7311 Oak Meadow DR in Austin’s Oak Hill community, set back from the main road. An off-street parking lot provides space for eight vehicles. Water utilities are separately metered for each unit, and the exterior includes lighting and a security camera system.
Key Highlights
- Four‑unit residential building in the Oak Hill community
- Each unit is approximately 895 square feet with two (2 ) bedrooms and 2 baths
- Private entrances and exterior balconies accessed through sliding glass doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,885
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,057,700
$1.1M
Cap Rate 7%
$755,500
$755.5K
Cap Rate 9%
$587,611
$587.6K
Market Conditions
NOI Build-Up for 3,580 SF
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.
Gross rent
$79.5K $22.20/SF
− Vacancy
−$3.9K −$1.10/SF
EGI
$75.5K $21.10/SF
− OpEx
−$22.7K −$6.33/SF
NOI
$52.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,057,700
Cap Rate 7%
$755,500
Cap Rate 9%
$587,611
Alternative Uses
Best Use
Multifamily LT 5
$755.5K
$661.1K – $881.4K
NOI $52,885 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$694.4K
$607.6K – $810.1K
NOI $48,607 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,202 @ 7.0% cap · market cap 15.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Explore this area
Business Placement
Demographics for 78736, TX
10,165
Population
4,539
Households
2.2
Avg Household Size
40
Median Age
54%
College-Educated
97%
High-School Grad
22.3 sq mi
ZIP Area
456
Density / Sq Mi
$100,761
Median Household Income
$52,920
Median Earnings
$1,849
Median Rent
$556,400
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 - Four separately metered residences offer private entries, balconies, and dedicated off-street parking.
Where is this quadplex located?
The property is located at 7311 Oak Meadow DR Austin, TX.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Four‑unit residential building in the Oak Hill community; Each unit is approximately 895 square feet with two (2 ) bedrooms and 2 baths; Private entrances and exterior balconies accessed through sliding glass doors
