Updated Four-Unit Multifamily
For Sale
$700,000
2419 W Slaughter Lane, Austin, TX 78748
Four residential units feature laminate flooring and recent interior and exterior updates.
Property Size3,752 SF
Price / SF$186.57
Days on Market70
Property Features for 2419 W Slaughter Lane
General Information
Standard status
Active
Size
3,752 SF
Property subtype
Residential Income
Financials
Cap Rate
6.9%
Gross Rent Multiplier
9.11
Site & Location
Neighborhood
South Brodie
Public Transit
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$17,576
Listing Agency:
eXp Realty, LLC
(888) 519-7431
Listed By:
Pauly Campanaro
(702) 354-0578
Source:
Exprealty
Added: Aug 18
Changed: Oct 25
Last Checked: Oct 24 at 8:22PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This four-unit multifamily property was built in 1984 and includes several recent improvements. Air conditioning work was completed within the last 5 years, while the roof was completed within the last 3 years. The property also has newer siding, newer paint, laminate flooring throughout after carpet removal, and newer toilets in all units.
All units are currently occupied through Section 8 housing, with long-term tenants in two units. The property is located at 2419 W Slaughter Ln in Austin, with access to shopping and bus routes. Walk Score is 69, Bike Score is 54, and Transit Score is 34. The reported investment metrics include a 6.9% cap rate and a 9.11 GRM.
All units are currently occupied through Section 8 housing, with long-term tenants in two units. The property is located at 2419 W Slaughter Ln in Austin, with access to shopping and bus routes. Walk Score is 69, Bike Score is 54, and Transit Score is 34. The reported investment metrics include a 6.9% cap rate and a 9.11 GRM.
Key Highlights
- Four‑unit multifamily property built in 1984
- 6.9% cap rate and 9.11 GRM
- Air conditioning work completed within the last 5 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,028
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,560
$720.6K
Cap Rate 7%
$514,686
$514.7K
Cap Rate 9%
$400,311
$400.3K
Market Conditions
NOI Build-Up for 3,752 SF
Gross rent
$56.3K $15.00/SF
− Vacancy
−$4.8K −$1.28/SF
EGI
$51.5K $13.72/SF
− OpEx
−$15.4K −$4.12/SF
NOI
$36.0K $9.60/SF
Area
ZIP 78748
Vacancy
8.55%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,560
Cap Rate 7%
$514,686
Cap Rate 9%
$400,311
Alternative Uses
Best Use
Multifamily LT 5
$514.7K
$450.4K – $600.5K
NOI $36,028 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$447.5K
$391.5K – $522.1K
NOI $31,323 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,637 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
676
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature laminate flooring and recent interior and exterior updates.
Where is this quadplex located?
The property is located at 2419 W Slaughter Lane Austin, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Four‑unit multifamily property built in 1984; 6.9% cap rate and 9.11 GRM; Air conditioning work completed within the last 5 years
