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 Market172
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
Listing Agency:
(512) 632-8926
Listed By:
Jeff Arsenault · License #0595660
(512) 632-8926
Source:
Elliman
Added: Mar 11
Changed: Aug 24
Last Checked: Aug 29 at 1:13PM
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 = 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
$40,742
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
3.70%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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.
