Updated Four-Unit Multifamily
For Sale
$700,000
2419 W Slaughter Ln, Austin, TX 78748
Four residential units feature laminate flooring and recent interior and exterior updates.
Property Size3,752 SF
Days on Market12
Property Features for 2419 W Slaughter Ln
General Information
Standard status
Active
Size
3,752 SF
Property subtype
Investment
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
Building Details
Building Size
3,752 SF
Year Built
1984
Stories
2
Units
4
Listing Agency:
(512) 688-6653
Listed By:
Pauly Campanaro
(512) 688-6653
Source:
Elliman
Added: Aug 19
Changed: Aug 22
Last Checked: Aug 29 at 8:43AM
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 Pauly Campanaro
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 = 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
$36,028
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
5.15%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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 Ln 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
