Modern Four-Unit
New
For Sale
$1,625,000
200 W Goforth Rd, Buda, TX 78610
All residences are leased and include private garages, fenced yards, and contemporary two-story layouts.
Property Size7,954 SF
Lot Size0.52 Acres
Days on Market2
Property Features for 200 W Goforth Rd
General Information
Standard status
Active
Size
7,954 SF
Total Parking Spaces
8
Lot size
0.52 Acres
Property subtype
Investment
Occupancy
100%
Units
Unit Mix
4 x 3BR/3BA
Multifamily Units
4
Additional Details
Gross Income
$120,000
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$32,758
Building Details
Building Size
7,954 SF
Year Built
2024
Stories
2
Units
4
Tenancy
Multi
Listed By:
Greg Young · License #0575648
(512) 587-1337
Source:
Elliman
Added: Sep 12
Last Checked: Sep 13 at 5:32AM
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 Greg Young
Investment Insights
Based on property information with market context.
Built in 2024, this four-unit multifamily property provides approximately 1,900 square feet per residence, with three bedrooms, three full bathrooms, and a private attached two-car garage for each unit. Every residence also includes a fenced backyard and a two-story layout with an open living, dining, and kitchen arrangement. Interior finishes include quartz countertops, center islands, stainless steel appliances, polished concrete on the main level, and wood-look flooring upstairs.
The property occupies approximately 0.52 acres at 200 W Goforth Rd in Buda, Texas. All four units are currently leased. The location offers access to I-35, downtown Buda, shopping, dining, and destinations throughout the surrounding Austin area. Each home combines private outdoor space with modern interiors and dedicated garage parking.
The property occupies approximately 0.52 acres at 200 W Goforth Rd in Buda, Texas. All four units are currently leased. The location offers access to I-35, downtown Buda, shopping, dining, and destinations throughout the surrounding Austin area. Each home combines private outdoor space with modern interiors and dedicated garage parking.
Key Highlights
- Four‑unit property built in 2024
- Approximately 1,900 square feet per residence with 3 bedrooms and 3 full bathrooms
- Each unit includes a private attached 2‑car garage and fenced backyard
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
$133,377
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
8.21%
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%
$2,667,540
$2.7M
Cap Rate 7%
$1,905,386
$1.9M
Cap Rate 9%
$1,481,967
$1.5M
Market Conditions
NOI Build-Up for 7,954 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
$200.4K $25.20/SF
− Vacancy
−$9.9K −$1.24/SF
EGI
$190.5K $23.96/SF
− OpEx
−$57.2K −$7.19/SF
NOI
$133.4K $16.77/SF
Area
Hays County, TX
Vacancy
4.94%
Lease Rate
$25.20 /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%
$2,667,540
Cap Rate 7%
$1,905,386
Cap Rate 9%
$1,481,967
Alternative Uses
Best Use
Multifamily LT 5
$1.91M
$1.67M – $2.22M
NOI $133,377 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$1.74M
$1.52M – $2.03M
NOI $121,928 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$3.32M
$2.91M – $3.88M
NOI $232,748 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
Explore this area
Business Placement
Demographics for 78610, TX
45,134
Population
17,271
Households
2.6
Avg Household Size
35
Median Age
42%
College-Educated
91%
High-School Grad
96.9 sq mi
ZIP Area
466
Density / Sq Mi
$110,417
Median Household Income
$58,770
Median Earnings
$1,736
Median Rent
$379,300
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 - All residences are leased and include private garages, fenced yards, and contemporary two-story layouts.
Where is this quadplex located?
The property is located at 200 W Goforth Rd Buda, TX.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Four‑unit property built in 2024; Approximately 1,900 square feet per residence with 3 bedrooms and 3 full bathrooms; Each unit includes a private attached 2‑car garage and fenced backyard
