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 Market84
Property Features for 5624 Woodrow Avenue
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Multifamily
Net Operating Income
$26,034
Additional Details
Multifamily Units
6
Building Details
Units
6
Listing Agency:
Matthews
Listed By:
Andrew Kopenec · License #746316-SA
Source:
Crexi
Added: Jul 23
Changed: Oct 2
Last Checked: Oct 12 at 5:18PM
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
Estimated NOI and Cap Rate
NOI / Yr
$65,171
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,420
$1.3M
Cap Rate 7%
$931,014
$931.0K
Cap Rate 9%
$724,122
$724.1K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$125.0K $26.04/SF
− Vacancy
−$6.5K −$1.35/SF
EGI
$118.5K $24.69/SF
− OpEx
−$53.3K −$11.11/SF
NOI
$65.2K $13.58/SF
Area
Austin, TX
Vacancy
5.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,420
Cap Rate 7%
$931,014
Cap Rate 9%
$724,122
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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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
