4-Unit Quadplex with
For Sale
$635,000
Pending
7311 Oak Meadow DR, Austin, TX 78736
Four separately metered residences offer private entries, balconies, and dedicated off-street parking.
Property Size3,580 SF
Days on Market48
Property Features for 7311 Oak Meadow DR
General Information
Standard status
Pending
Size
3,580 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Amenities
balcony
energy efficient windows
security camera system
outside lighting
Building Details
Year Built
1983
Buildings
1
Listing Agency:
Compass Re Texas, LLC
(512) 575-3644
Listed By:
Papasan Properties Group
(512) 330-1004
Source:
Papasanproperties
Added: Aug 28
Changed: Oct 13
Last Checked: Oct 12 at 7:16PM
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 Compass Re Texas, LLC
Investment Insights
Based on property information with market context.
Built in 1983, this quadplex contains four residential units, each with approximately 895 square feet, two bedrooms, and two baths. Private entrances lead into individual living spaces, while sliding glass doors provide access to exterior balconies. Hardie board siding, vinyl and stone exterior finishes, and energy-efficient windows complete the building envelope.
The property is located at 7311 Oak Meadow DR in Austin’s Oak Hill community, set back from the main road. An off-street parking lot provides space for eight vehicles. Water utilities are separately metered for each unit, and the exterior includes lighting and a security camera system.
The property is located at 7311 Oak Meadow DR in Austin’s Oak Hill community, set back from the main road. An off-street parking lot provides space for eight vehicles. Water utilities are separately metered for each unit, and the exterior includes lighting and a security camera system.
Key Highlights
- Four‑unit residential building in the Oak Hill community
- Each unit is approximately 895 square feet with two (2 ) bedrooms and 2 baths
- Private entrances and exterior balconies accessed through sliding glass doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,885
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,057,700
$1.1M
Cap Rate 7%
$755,500
$755.5K
Cap Rate 9%
$587,611
$587.6K
Market Conditions
NOI Build-Up for 3,580 SF
Gross rent
$79.5K $22.20/SF
− Vacancy
−$3.9K −$1.10/SF
EGI
$75.5K $21.10/SF
− OpEx
−$22.7K −$6.33/SF
NOI
$52.9K $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%
$1,057,700
Cap Rate 7%
$755,500
Cap Rate 9%
$587,611
Alternative Uses
Best Use
Multifamily LT 5
$755.5K
$661.1K – $881.4K
NOI $52,885 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$694.4K
$607.6K – $810.1K
NOI $48,607 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,202 @ 7.0% cap · market cap 15.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Explore this area
Business Placement
Demographics for 78736, TX
10,165
Population
4,539
Households
2.2
Avg Household Size
40
Median Age
54%
College-Educated
97%
High-School Grad
22.3 sq mi
ZIP Area
456
Density / Sq Mi
$100,761
Median Household Income
$52,920
Median Earnings
$1,849
Median Rent
$556,400
Median Home Value
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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 - Four separately metered residences offer private entries, balconies, and dedicated off-street parking.
Where is this quadplex located?
The property is located at 7311 Oak Meadow DR Austin, TX.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Four‑unit residential building in the Oak Hill community; Each unit is approximately 895 square feet with two (2 ) bedrooms and 2 baths; Private entrances and exterior balconies accessed through sliding glass doors
