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$188.34
Days on Market92
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: Oct 7
Last Checked: Oct 20 at 6:52PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$64,519
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
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
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 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 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,350 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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
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 $895,000.
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
