Updated 4-Unit
New
For Sale
$650,000
2507 Manor CIR, Austin, TX 78723
Four separate residences offer rental configuration near the Mueller District.
Property Size3,174 SF
Price / SF$204.79
Days on Market4
Property Features for 2507 Manor CIR
General Information
Standard status
Active
Size
3,174 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Windsor Park
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,548
Building Details
Building Size
3,174 SF
Year Built
1960
Buildings
1
Listing Agency:
Keller Williams Realty
Listed By:
Melody Wallace · License #724156
(512) 736-4280
Source:
Teamwestre
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 12:47PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 3,174-square-foot quadplex contains four units and was built in 1960. Recent work includes a replacement roof and stair walkway, paint in vacant units, and electrical panels updated throughout the property.
The property is near the Mueller District in Austin, with access to Downtown Austin, The University of Texas, and major roadways.
The property is near the Mueller District in Austin, with access to Downtown Austin, The University of Texas, and major roadways.
Key Highlights
- Four‑unit property with 3,174 square feet
- New roof and stair walkway
- Electrical panels updated throughout the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,887
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,740
$937.7K
Cap Rate 7%
$669,814
$669.8K
Cap Rate 9%
$520,967
$521.0K
Market Conditions
NOI Build-Up for 3,174 SF
Gross rent
$70.5K $22.20/SF
− Vacancy
−$3.5K −$1.10/SF
EGI
$67.0K $21.10/SF
− OpEx
−$20.1K −$6.33/SF
NOI
$46.9K $14.77/SF
Area
Austin, TX
Vacancy
4.94%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,740
Cap Rate 7%
$669,814
Cap Rate 9%
$520,967
Alternative Uses
Best Use
Multifamily LT 5
$669.8K
$586.1K – $781.5K
NOI $46,887 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$615.6K
$538.7K – $718.2K
NOI $43,094 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,065 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Explore this area
Business Placement
Demographics for 78723, TX
34,522
Population
17,065
Households
2
Avg Household Size
35
Median Age
56%
College-Educated
91%
High-School Grad
7.1 sq mi
ZIP Area
4,862
Density / Sq Mi
$87,978
Median Household Income
$54,769
Median Earnings
$1,478
Median Rent
$513,500
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 separate residences offer rental configuration near the Mueller District.
Where is this quadplex located?
The property is located at 2507 Manor CIR Austin, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four‑unit property with 3,174 square feet; New roof and stair walkway; Electrical panels updated throughout the property
