Austin Quadplex with Recent
For Sale
$750,000
7111 E Highway 290 E, Austin, TX 78723
Quadplex with renovated units, new roof, and ample parking.
Property Size3,884 SF
Days on Market150
Property Features for 7111 E Highway 290 E
General Information
Standard status
Active
Size
3,884 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$12,104
Building Details
Building Size
3,884 SF
Year Built
1984
Listing Agency:
Christies Intl Real Estate Lone Star
Listed By:
Sandy Cary · License #0516937
(512) 589-1002
Source:
Localcolorrealestateaustin
Added: May 18
Changed: Oct 14
Last Checked: Oct 13 at 3:56AM
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 Christies Intl Real Estate Lone Star
Investment Insights
Based on property information with market context.
This quadplex is conveniently located and features a total of four units. There are two units with two bedrooms and one and a half bathrooms each, and two units with one bedroom and one bathroom each. The property includes 18 paved parking spaces. Recent renovations include a new roof, flooring, exterior staircases, HVAC system, back exterior siding, and rock landscaping. The upper units have been updated with new appliances, window coverings, some countertops, and paint. Unit D, which has been newly renovated, is available for $1,100. The property has a bike score of 37, indicating it is somewhat bikeable, a walk score of 29, indicating car-dependent, and a transit score of 39, indicating some transit options are available.
Key Highlights
- Quadplex with a mix of 2‑bedroom and 1‑bedroom units.
- 18 Paved Parking Spaces.
- New roof.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,376
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,147,520
$1.1M
Cap Rate 7%
$819,657
$819.7K
Cap Rate 9%
$637,511
$637.5K
Market Conditions
NOI Build-Up for 3,884 SF
Gross rent
$86.2K $22.20/SF
− Vacancy
−$4.3K −$1.10/SF
EGI
$82.0K $21.10/SF
− OpEx
−$24.6K −$6.33/SF
NOI
$57.4K $14.77/SF
Area
Austin, TX
Vacancy
4.94%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,147,520
Cap Rate 7%
$819,657
Cap Rate 9%
$637,511
Alternative Uses
Best Use
Multifamily LT 5
$819.7K
$717.2K – $956.3K
NOI $57,376 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$753.3K
$659.2K – $878.9K
NOI $52,734 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,541 @ 7.0% cap · market cap 14.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
Explore this area
Business Placement
Demographics for 78723, TX
34,522
Population
17,065
Households
2
Avg Household Size
35
Median Age
56%
College-Educated
91%
High-School Grad
7.1 sq mi
ZIP Area
4,862
Density / Sq Mi
$87,978
Median Household Income
$54,769
Median Earnings
$1,478
Median Rent
$513,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex with renovated units, new roof, and ample parking.
Where is this quadplex located?
The property is located at 7111 E Highway 290 E Austin, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Quadplex with a mix of 2‑bedroom and 1‑bedroom units.; 18 Paved Parking Spaces.; New roof.
