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 Market58
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
Additional Details
Public Transit
Yes
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 9
Last Checked: Oct 12 at 9:04PM
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
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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Current Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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
