6-Unit Apartment
For Sale
Contact for pricing
5624 Woodrow Avenue, Austin, TX 78756
Central Austin infill six-unit property with 4,800 SF and stated 12% rent upside potential.
Property Size4,800 SF
Price / SF$165.63
Days on Market9
Property Features for 5624 Woodrow Avenue
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
6
Listing Agency:
Matthews
Listed By:
Andrew Kopenec · License #746316
Source:
Crexi
Added: Jul 23
Changed: Jul 29
Last Checked: Jul 30 at 2:27PM
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 Matthews
Investment Insights
Based on property information with market context.
This is a 6-unit central Austin infill apartment property offered for sale. The asset has a stated 4,800 SF size and is positioned for upside, with public remarks citing 12% rent upside potential.
The property is located at 5624 Woodrow Avenue in Austin, Texas (78756).
The property is located at 5624 Woodrow Avenue in Austin, Texas (78756).
Key Highlights
- 6‑unit apartment building
- 4,800 SF property size
- Central Austin infill location
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $125.0k | $26.04 |
| − Vacancy | −$6.5k | −$1.35 |
| EGI | $118.5k | $24.69 |
| − OpEx | −$53.3k | −$11.11 |
| NOI | $65.2k | $13.58 |
4,800 SF · lease $26.04/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$931.0K
$814.6K – $1.09M
NOI $65,171 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.65M – $2.19M
NOI $131,667 @ 7.0% cap · market cap 16.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,697
Businesses Nearby
Explore this area
Business Placement
Demographics for 78756, TX
8,426
Population
4,943
Households
1.7
Avg Household Size
37
Median Age
71%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
4,956
Density / Sq Mi
$97,149
Median Household Income
$56,515
Median Earnings
$1,383
Median Rent
$788,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Central Austin infill six-unit property with 4,800 SF and stated 12% rent upside potential.
Where is this apartment building located?
The property is located at 5624 Woodrow Avenue Austin, TX.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 6‑unit apartment building; 4,800 SF property size; Central Austin infill location
