3-Unit Multifamily
For Sale
$1,180,000
401 W Live Oak St, Austin, TX 78704
Three occupied dwellings include a main house and two rear apartments with separate entrances.
Property Size2,533 SF
Lot Size0.20 Acres
Days on Market16
Property Features for 401 W Live Oak St
General Information
Standard status
Active
Size
2,533 SF
Total Parking Spaces
7
Lot size
0.20 Acres
Property subtype
Investment
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
Unit A's interior has not been updated
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$79,200
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$14,686
Amenities
gated yard
washer/dryer
Building Details
Building Size
2,533 SF
Year Built
1954
Buildings
2
Stories
1
Units
3
Tenancy
Multi
Listed By:
Alexa Kanelos
(512) 751-3022
Source:
Elliman
Added: Sep 29
Changed: Oct 11
Last Checked: Oct 12 at 8:50PM
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 Alexa Kanelos
Investment Insights
Based on property information with market context.
Built in 1954, the property contains three dwellings: a 1,104-SF main house with two bedrooms and two bathrooms, plus two rear apartments of approximately 660 SF each. The upper apartment has two bedrooms, one bathroom, a screened porch, and in-unit laundry; the lower apartment has one bedroom, one bathroom, laundry, and a storage area. Each rear unit has a private entrance and access to the gated yard. All three units are occupied.
The main house received updates in 2021, including a remodeled bathroom, refinished hardwood floors, fresh paint, a refrigerator, and foam insulation. Windows have also been updated. The upper apartment has updated HVAC and a screened porch completed in 2021. The site is a corner parcel at 401 W Live Oak St in Austin.
Parking accommodates up to seven vehicles. The storage area could be converted to additional living space, subject to permitting verification. Redevelopment into as many as three residences may be possible, subject to zoning verification.
The main house received updates in 2021, including a remodeled bathroom, refinished hardwood floors, fresh paint, a refrigerator, and foam insulation. Windows have also been updated. The upper apartment has updated HVAC and a screened porch completed in 2021. The site is a corner parcel at 401 W Live Oak St in Austin.
Parking accommodates up to seven vehicles. The storage area could be converted to additional living space, subject to permitting verification. Redevelopment into as many as three residences may be possible, subject to zoning verification.
Key Highlights
- Three occupied units: a 1,104‑SF, 2BR/2BA main house and rear apartments of approximately 660 SF each
- Corner lot measures approximately 8,612 SF (.198‑acre)
- Upper rear apartment: 2BR/1BA, screened porch, washer/dryer, and updated HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,829
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,580
$776.6K
Cap Rate 7%
$554,700
$554.7K
Cap Rate 9%
$431,433
$431.4K
Market Conditions
NOI Build-Up for 2,533 SF
Gross rent
$74.5K $29.40/SF
− Vacancy
−$3.9K −$1.53/SF
EGI
$70.6K $27.87/SF
− OpEx
−$31.8K −$12.54/SF
NOI
$38.8K $15.33/SF
Area
ZIP 78704
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,580
Cap Rate 7%
$554,700
Cap Rate 9%
$431,433
Alternative Uses
Best Use
Apartment 5plus
$554.7K
$485.4K – $647.2K
NOI $38,829 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$924.2K – $1.23M
NOI $73,938 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,774
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
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three occupied dwellings include a main house and two rear apartments with separate entrances.
Where is this multifamily property located?
The property is located at 401 W Live Oak St Austin, TX.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Three occupied units: a 1,104‑SF, 2BR/2BA main house and rear apartments of approximately 660 SF each; Corner lot measures approximately 8,612 SF (.198‑acre); Upper rear apartment: 2BR/1BA, screened porch, washer/dryer, and updated HVAC
