Brykerwoods Income-Producing Fourplex For
For Sale
$1,100,000
1700 Northwood Rd, Austin, TX 78703
Fourplex on corner lot near Seton, UT, and Downtown.
Property Size2,758 SF
Lot Size0.21 Acres
Days on Market218
Property Features for 1700 Northwood Rd
General Information
Standard status
Active
Size
2,758 SF
Lot size
0.21 Acres
Property subtype
Investment
Building Details
Building Size
2,758 SF
Year Built
1939
Units
4
Listed By:
Jeff Arsenault · License #0595660
(512) 632-8926
Source:
Elliman
Added: Mar 11
Changed: Oct 11
Last Checked: Oct 12 at 8:51PM
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 Jeff Arsenault
Investment Insights
Based on property information with market context.
This income-producing fourplex is located on a spacious corner lot in Brykerwoods, offering convenient access to Seton, the University of Texas, and Downtown. The property features a mix of floor plans, including a duplex facing Northwood with two leased 2-bedroom, 1-bathroom units. The other duplex, which faces Jefferson, includes an upstairs 1-bedroom, 1-bathroom unit with a spacious loft and covered patio, as well as a downstairs studio apartment, both of which are currently leased. The studio apartment is suited for expansion into a full 1-bedroom, 1-bathroom unit by utilizing the adjoining single-bay garage. A separate laundry room is available with washers and dryers. There is sufficient off-street parking for each bedroom space. The units have no carpet, and some feature original hardwoods, with updates already completed in several kitchens and bathrooms. The area has a high bike score of 75. The location is suitable for future redevelopment, offering opportunities for cash flow, capital improvement to increase cash flow and appreciation, or future site redevelopment.
Key Highlights
- Income‑producing 4plex on a spacious corner lot in Brykerwoods.
- Prime location convenient to Seton, UT, and Downtown, with future redevelopment potential.
- Mix of unit types (2/1, 1/1 with loft, Studio) all currently leased.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,742
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$814,840
$814.8K
Cap Rate 7%
$582,029
$582.0K
Cap Rate 9%
$452,689
$452.7K
Market Conditions
NOI Build-Up for 2,758 SF
Gross rent
$61.2K $22.20/SF
− Vacancy
−$3.0K −$1.10/SF
EGI
$58.2K $21.10/SF
− OpEx
−$17.5K −$6.33/SF
NOI
$40.7K $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%
$814,840
Cap Rate 7%
$582,029
Cap Rate 9%
$452,689
Alternative Uses
Best Use
Multifamily LT 5
$582.0K
$509.3K – $679.0K
NOI $40,742 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$534.9K
$468.1K – $624.1K
NOI $37,446 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$1.08M
$945.7K – $1.26M
NOI $75,654 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,768
Businesses Nearby
Explore this area
Business Placement
Demographics for 78703, TX
22,194
Population
12,237
Households
1.8
Avg Household Size
38
Median Age
84%
College-Educated
99%
High-School Grad
5.6 sq mi
ZIP Area
3,963
Density / Sq Mi
$144,637
Median Household Income
$80,622
Median Earnings
$2,217
Median Rent
$1,353,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex on corner lot near Seton, UT, and Downtown.
Where is this quadplex located?
The property is located at 1700 Northwood Rd Austin, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Income‑producing 4plex on a spacious corner lot in Brykerwoods.; Prime location convenient to Seton, UT, and Downtown, with future redevelopment potential.; Mix of unit types (2/1, 1/1 with loft, Studio) all currently leased.
