Renovated Multifamily Investment
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8207 Sam Rayburn Dr, Austin, TX 78753
Newly renovated 8-unit multifamily property in Austin, Texas.
Property Size4,480 SF
Price / SF$206.47
Days on Market176
Property Features for 8207 Sam Rayburn Dr
General Information
Standard status
Active
Size
4,480 SF
Total Parking Spaces
10
Property subtype
Multifamily
Occupancy
90%
Net Operating Income
$53,742
Building Details
Year Built
2001
Year Renovated
2025
Buildings
1
Stories
2
Units
8
Listing Agency:
KW Commercial
(512) 784-2345
Listed By:
Alice Duffy · License #TX 0681288
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 11 at 8:31AM
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 KW Commercial
Investment Insights
Based on property information with market context.
Located at 8207 Sam Rayburn Dr in Austin, Texas, this multifamily property features eight one-bedroom, one-bath residences. The property has undergone recent renovations, including a new roof installed in 2024. One new HVAC system, five new water heaters, four new stoves, five new refrigerators, and eight new windows have been installed. Steel exterior doors have been installed on all units, along with three new doors. The interiors have been freshly painted and feature select upgrades. A laundry room has been repaired and is ready for equipment installation, offering additional income potential. A new 6-foot cinderblock fence has been installed along the rear of the property. Consistent professional pest control is in place. There are numerous smaller repairs throughout the property. There is potential for additional revenue through the rental of two approximately 5x5 storage spaces.
Key Highlights
- Newly renovated 8‑unit multifamily property with one‑bedroom, one‑bath residences.
- New roof installed in 2024.
- Recent improvements include new HVAC system, water heaters, stoves, refrigerators, and windows.
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
$60,954
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
6.59%
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%
$1,219,080
$1.2M
Cap Rate 7%
$870,771
$870.8K
Cap Rate 9%
$677,267
$677.3K
Market Conditions
NOI Build-Up for 4,480 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
$116.7K $26.04/SF
− Vacancy
−$5.8K −$1.30/SF
EGI
$110.8K $24.74/SF
− OpEx
−$49.9K −$11.13/SF
NOI
$61.0K $13.61/SF
Area
ZIP 78753
Vacancy
5.00%
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%
$1,219,080
Cap Rate 7%
$870,771
Cap Rate 9%
$677,267
Alternative Uses
Best Use
Apartment 5plus
$870.8K
$761.9K – $1.02M
NOI $60,954 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,889 @ 7.0% cap · market cap 13.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,093
Businesses Nearby
Explore this area
Business Placement
Demographics for 78753, TX
58,761
Population
25,345
Households
2.3
Avg Household Size
32
Median Age
35%
College-Educated
80%
High-School Grad
11.3 sq mi
ZIP Area
5,200
Density / Sq Mi
$62,334
Median Household Income
$38,278
Median Earnings
$1,447
Median Rent
$344,100
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 - Newly renovated 8-unit multifamily property in Austin, Texas.
Where is this apartment building located?
The property is located at 8207 Sam Rayburn Dr Austin, TX.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Newly renovated 8‑unit multifamily property with one‑bedroom, one‑bath residences.; New roof installed in 2024.; Recent improvements include new HVAC system, water heaters, stoves, refrigerators, and windows.
