Austin Multifamily Investment
For Sale
$550,000
2304 Cedrick CV, Austin, TX 78748
Multifamily property in Austin, all units currently occupied.
Property Size3,120 SF
Days on Market324
Property Features for 2304 Cedrick CV
General Information
Standard status
Active
Size
3,120 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$13,452
Building Details
Building Size
3,120 SF
Year Built
1983
Listing Agency:
Allegiant Realty
Listed By:
Kui Yang
(512) 954-8548
Source:
Localcolorrealestateaustin
Added: Nov 27, 2025
Changed: Oct 4
Last Checked: Oct 16 at 2:54PM
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 Allegiant Realty
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Investment Insights
Based on property information with market context.
This multifamily property is located in Austin, Texas. All units are currently occupied, presenting an immediate income opportunity for investors. Showings are available after an offer has been received.
Key Highlights
- All units are occupied.
- Year Built: 1983
- Showing after offer.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,047
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,940
$520.9K
Cap Rate 7%
$372,100
$372.1K
Cap Rate 9%
$289,411
$289.4K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$52.0K $16.68/SF
− Vacancy
−$4.7K −$1.50/SF
EGI
$47.4K $15.18/SF
− OpEx
−$21.3K −$6.83/SF
NOI
$26.0K $8.35/SF
Area
ZIP 78748
Vacancy
9.00%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,940
Cap Rate 7%
$372,100
Cap Rate 9%
$289,411
Alternative Uses
Best Use
Apartment 5plus
$372.1K
$325.6K – $434.1K
NOI $26,047 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$952.5K – $1.27M
NOI $76,201 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
789
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property in Austin, all units currently occupied.
Where is this multifamily property located?
The property is located at 2304 Cedrick CV Austin, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: All units are occupied.; Year Built: 1983; Showing after offer.
