Renovated Fourplex with Private
3802 Southway DR, Austin, TX 78704
For Sale
$1,450,000
Four townhome-style residences offer two-bedroom layouts and in-unit laundry.
Property Size4,030 SF
Price / SF$359.80
Days on Market131
Property Features for 3802 Southway DR
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
in-unit stackable W/D
private fenced backyard with patios
Building Details
Building Size
Year Built
Year Renovated
Construction
Listing Agency:
Compass RE Texas, LLC
Listed By:
David Aceves
(512) 360-8788
Source:
Austinchoicerealty
Added: Jul 2
Changed: Nov 8
Last Checked: Nov 8 at 3:11PM
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 Compass RE Texas, LLC
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Investment Insights
Based on property information with market context.
This 4,030-square-foot fourplex contains four townhome-style units, each arranged with 2 bedrooms and 1.5 bathrooms. The interiors feature white oak flooring, quartz counters, white shaker cabinetry, stainless GE appliances, designer tile, and stackable in-unit washers and dryers. Each residence also has a fenced backyard and patio. The property’s white brick exterior is accented with cedar and topped by a terracotta tile roof. Renovation work was completed in 2024; the building dates to 1971, and off-street parking is available.
The property is in Austin’s 78704 ZIP code, less than 0.5 miles from Ben White and Highway 71. St. David’s South Austin Medical Center is under a mile away, with South Lamar, South Congress, and Barton Springs also described as minutes away.
The property is in Austin’s 78704 ZIP code, less than 0.5 miles from Ben White and Highway 71. St. David’s South Austin Medical Center is under a mile away, with South Lamar, South Congress, and Barton Springs also described as minutes away.
Key Highlights
- Four townhome‑style units, each with 2 bedrooms and 1.5 bathrooms
- 4,030‑square‑foot building; built in 1971 and renovated in 2024
- White oak floors, quartz counters, white shaker cabinets, stainless GE appliances, and designer tile
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,179
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,343,580
$1.3M
Cap Rate 7%
$959,700
$959.7K
Cap Rate 9%
$746,433
$746.4K
Market Conditions
NOI Build-Up for 4,030 SF
Gross rent
$101.6K $25.20/SF
− Vacancy
−$5.6K −$1.39/SF
EGI
$96.0K $23.81/SF
− OpEx
−$28.8K −$7.14/SF
NOI
$67.2K $16.67/SF
Area
ZIP 78704
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,343,580
Cap Rate 7%
$959,700
Cap Rate 9%
$746,433
Alternative Uses
Best Use
Multifamily LT 5
$959.7K
$839.7K – $1.12M
NOI $67,179 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$882.5K
$772.2K – $1.03M
NOI $61,777 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,636 @ 7.0% cap · market cap 8.11%
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
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,944
Businesses Nearby
Explore this area
Business Placement
Demographics for 78704, TX
49,197
Population
29,959
Households
1.6
Avg Household Size
34
Median Age
70%
College-Educated
94%
High-School Grad
8.8 sq mi
ZIP Area
5,591
Density / Sq Mi
$97,160
Median Household Income
$67,527
Median Earnings
$1,755
Median Rent
$862,000
Median Home Value
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Market
Properties on Market for Quadplexes in Austin
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four townhome-style residences offer two-bedroom layouts and in-unit laundry.
Where is this quadplex located?
The property is located at 3802 Southway DR Austin, TX.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Four townhome‑style units, each with 2 bedrooms and 1.5 bathrooms; 4,030‑square‑foot building; built in 1971 and renovated in 2024; White oak floors, quartz counters, white shaker cabinets, stainless GE appliances, and designer tile
