Building Details

Year Built 1911

Buildings 1

Listing Agency: Compass RE Texas, LLC

Listed By: Joe Keenan (512) 415-7653 Show Phone

Source: Muzzypropertygroup

Added: Oct 13 Changed: Oct 16 Last Checked: Oct 16 at 2:18PM

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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 fourplex contains four renovated residences, each with two bedrooms and one bathroom. The units total 3,454 square feet: two are 839 square feet each, and the other two are 888 square feet each. Updates include refreshed kitchens and bathrooms, modern finishes, and bright interiors. The property was built in 1911.

Set in Hyde Park, the property is near Shipe Park, Central Market, coffee shops, bakeries, and restaurants. The University of Texas and Downtown Austin are a short distance away. An adjacent former church converted to a residence is also available, and the two properties may be acquired separately or together.

Key Highlights

• Four residences, each with 2 bedrooms and 1 bathroom
• 3,454 square feet across four units
• Two units are 839 square feet each; two are 888 square feet each

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,024

Cap Rate

5.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,020,480 $1.0M

Cap Rate 7%

$728,914 $728.9K

Cap Rate 9%

$566,933 $566.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,454 SF

Gross rent

$76.7K $22.20/SF

− Vacancy

−$3.8K −$1.10/SF

EGI

$72.9K $21.10/SF

− OpEx

−$21.9K −$6.33/SF

NOI

$51.0K $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%

$1,020,480

Cap Rate 7%

$728,914

Cap Rate 9%

$566,933

Alternative Uses

Best Use

Multifamily LT 5

$728.9K

$637.8K – $850.4K (±1% cap)

NOI $51,024 @ 7.0% cap · market cap 5.67%

Second Best

Apartment 5plus

$669.9K

$586.2K – $781.6K (±1% cap)

NOI $46,896 @ 7.0% cap · market cap 5.21%

Theoretical Best

Office A

$1.35M

$1.18M – $1.58M (±1% cap)

NOI $94,745 @ 7.0% cap · market cap 10.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Building Supply Auto Parts Store Daycare Center Electrical Service Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

4,975

Businesses Nearby

Explore this area Business Placement

Demographics for 78751, TX

17,071

Population

9,966

Households

1.7

Avg Household Size

30

Median Age

77%

College-Educated

98%

High-School Grad

2.4 sq mi

ZIP Area

7,113

Density / Sq Mi

$81,657

Median Household Income

$53,330

Median Earnings

$1,627

Median Rent

$700,500

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Four updated residences offer separate living spaces in Hyde Park, with neighborhood amenities and Central Austin destinations nearby.

Where is this quadplex located?

The property is located at 4115 Ave D 2 Austin, TX.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: Four residences, each with 2 bedrooms and 1 bathroom; 3,454 square feet across four units; Two units are 839 square feet each; two are 888 square feet each