Multifamily Property with RV
For Sale
$1,900,000
4608 4610 & 4601 Norwood LN, Austin, TX 78744
Residential units are occupied, while camper and RV spaces offer full utility hookups.
Property Size4,908 SF
Price / SF$387.12
Days on Market45
Property Features for 4608 4610 & 4601 Norwood LN
General Information
Standard status
Active
Size
4,908 SF
Property subtype
Mobile Home Park
Occupancy
100%
Site & Location
Neighborhood
Southeast
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,808
Building Details
Building Size
4,908 SF
Year Built
1945
Listing Agency:
Rosemary Follis, Real Estate
Listed By:
Diana Conley
(512) 892-2359
Source:
Davidroweproperties
Added: Sep 16
Changed: Oct 27
Last Checked: Oct 26 at 1:30PM
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 Rosemary Follis, Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Three lots are offered together as a multifamily portfolio in Southeast Austin’s Blue Bonnet Gardens. The residential mix includes four duplex units, a house, an apartment, and a mobile home. Multiple camper and RV pads are also part of the property, with full utility hookups; some pads are vacant. The residential portion is fully occupied, and the portfolio is being sold as a package.
Key Highlights
- Three‑lot multifamily portfolio offered as one package
- Includes 4 duplex units, a house, an apartment, and a mobile home
- Multiple camper and RV pads have full utility hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,236
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,504,720
$1.5M
Cap Rate 7%
$1,074,800
$1.1M
Cap Rate 9%
$835,956
$836.0K
Market Conditions
NOI Build-Up for 4,908 SF
Gross rent
$144.3K $29.40/SF
− Vacancy
−$7.5K −$1.53/SF
EGI
$136.8K $27.87/SF
− OpEx
−$61.6K −$12.54/SF
NOI
$75.2K $15.33/SF
Area
ZIP 78744
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%
$1,504,720
Cap Rate 7%
$1,074,800
Cap Rate 9%
$835,956
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$940.5K – $1.25M
NOI $75,236 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,630 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
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Business Placement
Demographics for 78744, TX
51,048
Population
20,035
Households
2.5
Avg Household Size
31
Median Age
33%
College-Educated
77%
High-School Grad
22.6 sq mi
ZIP Area
2,259
Density / Sq Mi
$78,474
Median Household Income
$42,472
Median Earnings
$1,516
Median Rent
$307,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Residential units are occupied, while camper and RV spaces offer full utility hookups.
Where is this multifamily property located?
The property is located at 4608 4610 & 4601 Norwood LN Austin, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Three‑lot multifamily portfolio offered as one package; Includes 4 duplex units, a house, an apartment, and a mobile home; Multiple camper and RV pads have full utility hookups
