Stabilized 12-Unit Multifamily
For Sale
Contact for pricing
6300 Monsanto Drive, Austin, TX 78741
Owner-managed 12-unit multifamily asset with in-place income and a durable metal roof, accessed via major Austin routes.
Property Size4,752 SF
Price / SF$199.92
Days on Market43
Property Features for 6300 Monsanto Drive
General Information
Standard status
Active
Size
4,752 SF
Class
C
Property subtype
Multifamily
Zoning
MF-2-NP
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$58,553
Building Details
Year Built
1972
Buildings
1
Units
12
Tenancy
Multi
Listing Agency:
The Morshed Group
Listed By:
Brett Silverman · License #TX 638589
(512) 767-4254
Source:
Crexi
Added: Jul 23
Changed: Aug 27
Last Checked: Aug 30 at 8:07PM
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 The Morshed Group
Investment Insights
Based on property information with market context.
6300 Monsanto Dr is a stabilized 12-unit multifamily property offering in-place rental income. The building is owner-managed and described as having strong occupancy with minimal vacancy, with long-term tenants on flexible month-to-month leases. Improvements include a durable metal roof intended to support consistent building care.
The property is positioned in the Montopolis submarket, minutes from Downtown Austin and Austin-Bergstrom International Airport, and it is also near major employment centers. Access is described as convenient to Hwy 71, US-183, and I-35, with closeness to Lady Bird Lake, the East Austin entertainment area, and the Riverside corridor. The immediate vicinity is also described as benefiting from redevelopment activity, including a planned Dog’s Head mixed-use development.
In addition to the current income, the remarks note that current rents are below area comps, which may appeal to investors looking to align rents with market levels over time.
The property is positioned in the Montopolis submarket, minutes from Downtown Austin and Austin-Bergstrom International Airport, and it is also near major employment centers. Access is described as convenient to Hwy 71, US-183, and I-35, with closeness to Lady Bird Lake, the East Austin entertainment area, and the Riverside corridor. The immediate vicinity is also described as benefiting from redevelopment activity, including a planned Dog’s Head mixed-use development.
In addition to the current income, the remarks note that current rents are below area comps, which may appeal to investors looking to align rents with market levels over time.
Key Highlights
- 12‑unit multifamily property built in 1972 with in‑place income
- Owner‑managed building with a durable metal roof
- Long‑term tenants with flexible month‑to‑month leases and a track record of strong occupancy/minimal vacancy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,519
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,290,380
$1.3M
Cap Rate 7%
$921,700
$921.7K
Cap Rate 9%
$716,878
$716.9K
Market Conditions
NOI Build-Up for 4,752 SF
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.
Gross rent
$123.7K $26.04/SF
− Vacancy
−$6.4K −$1.35/SF
EGI
$117.3K $24.69/SF
− OpEx
−$52.8K −$11.11/SF
NOI
$64.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,290,380
Cap Rate 7%
$921,700
Cap Rate 9%
$716,878
Alternative Uses
Best Use
Apartment 5plus
$921.7K
$806.5K – $1.08M
NOI $64,519 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,350 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Explore this area
Business Placement
Demographics for 78741, TX
49,344
Population
24,763
Households
2
Avg Household Size
29
Median Age
49%
College-Educated
85%
High-School Grad
7.8 sq mi
ZIP Area
6,326
Density / Sq Mi
$66,434
Median Household Income
$41,533
Median Earnings
$1,477
Median Rent
$376,500
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 - Owner-managed 12-unit multifamily asset with in-place income and a durable metal roof, accessed via major Austin routes.
Where is this apartment building located?
The property is located at 6300 Monsanto Drive Austin, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 12‑unit multifamily property built in 1972 with in‑place income; Owner‑managed building with a durable metal roof; Long‑term tenants with flexible month‑to‑month leases and a track record of strong occupancy/minimal vacancy
