Two-Story
New
For Sale
$499,900
8201 Riverstone DR, Austin, TX 78724
Multifamily property with flexible living arrangements and four full bathrooms.
Property Size3,120 SF
Days on Market5
Property Features for 8201 Riverstone DR
General Information
Standard status
Active
Size
3,120 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$9,033
Building Details
Building Size
3,120 SF
Year Built
1985
Stories
2
Listing Agency:
Keller Williams Realty
(512) 448-4111
Listed By:
Brian Weatherman
Source:
Denpg
Added: Jul 31
Changed: Aug 4
Last Checked: Aug 4 at 4:24AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This two-story quadplex, built in 1985, provides eight bedrooms and four full bathrooms within a multifamily configuration. The layout supports a range of occupancy arrangements, including investor ownership, multigenerational living, and owner-occupancy, as described in the property information.
The property is situated in East Austin, with shopping, dining, recreation, transportation, grocery stores, and everyday services in the surrounding area. Walter E. Long Metropolitan Park and Decker Lake, Colony Park District Park, and the Travis County Expo Center are all within approximately 10 minutes. Downtown Austin is approximately 8 miles away, while Austin-Bergstrom International Airport is about 10 miles from the property. Nearby access includes Loyola Ln, Decker Ln, US-183, and SH-130.
The property is situated in East Austin, with shopping, dining, recreation, transportation, grocery stores, and everyday services in the surrounding area. Walter E. Long Metropolitan Park and Decker Lake, Colony Park District Park, and the Travis County Expo Center are all within approximately 10 minutes. Downtown Austin is approximately 8 miles away, while Austin-Bergstrom International Airport is about 10 miles from the property. Nearby access includes Loyola Ln, Decker Ln, US-183, and SH-130.
Key Highlights
- Two‑story quadplex built in 1985
- Eight bedrooms and four full bathrooms
- East Austin location near shopping, dining, parks, and services
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.2k | $26.04 |
| − Vacancy | −$4.2k | −$1.35 |
| EGI | $77.0k | $24.69 |
| − OpEx | −$34.7k | −$11.11 |
| NOI | $42.4k | $13.58 |
3,120 SF · lease $26.04/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$658.4K
$576.1K – $768.2K
NOI $46,090 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$605.2K
$529.5K – $706.0K
NOI $42,361 @ 7.0% cap · market cap 8.47%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,584 @ 7.0% cap · market cap 17.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 78724, TX
29,680
Population
9,696
Households
3.1
Avg Household Size
30
Median Age
28%
College-Educated
75%
High-School Grad
24.9 sq mi
ZIP Area
1,192
Density / Sq Mi
$76,906
Median Household Income
$36,147
Median Earnings
$1,454
Median Rent
$295,400
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?
Quadplex - Multifamily property with flexible living arrangements and four full bathrooms.
Where is this quadplex located?
The property is located at 8201 Riverstone DR Austin, TX.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑story quadplex built in 1985; Eight bedrooms and four full bathrooms; East Austin location near shopping, dining, parks, and services
