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    8905 Tronewood Dr Austin, TX 78758

    Sponsored
    For Sale
    $6,995,000

    20-unit, 5-building complex, high NOI.

    Property size:
    21,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a stabilized, Class A multifamily portfolio comprising five fourplex buildings totaling 20 units in Austin, Texas. Located at 8905 Tronewood Dr, Austin, TX 78758, this property boasts a total of 21,900 square feet on a 54,324 square foot lot. Built in 1972 and extensively renovated in 2017, the property features a mix of one-story, two-bedroom units and two-story, three-bedroom units, each with a private yard. The portfolio currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $351,143, with a pro-forma NOI of $361,173 and a pro-forma cap rate of 5.16%. The asking price is $6,995,000, representing a price per square foot of $319.41. The property benefits from its prime location, offering convenient access to The Domain's retail and dining options, nearby schools, parks, and other amenities. High-quality finishes, energy-efficient features, and attractive landscaping enhance the property's appeal. This is a rare opportunity to acquire a well-maintained, high-performing multifamily portfolio in a desirable Austin location. The property is comprised of two and three bedroom units with hardwood and tile floors, high-end finishes, energy efficient and smart fixtures, and appealing landscaping. The common areas feature energy-efficient LED lighting. The property's APN is 247285-87, 247290-91.

    Property Features for 8905 Tronewood Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    21,900 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1972/2017
    Buildings
    5
    Stories
    2
    Units
    20

    HighLights

    • Investment opportunity: Portfolio of five 4‑plexes totaling 20 units, 100% occupied.
    • Asking price: $6,995,000.
    • Projected Net Operating Income (NOI): $361,173.
    • Cap rate: 5.16%.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.711018186175
    Latitude
    30.363678543752

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    FAQs

    What type of property is this?
    Multifamily property - 20-unit, 5-building complex, high NOI.
    Where is this multifamily property located?
    The property is located at 8905 Tronewood Dr Austin, TX.
    What is the asking price?
    The asking price for this property is $6,995,000.
    What are key features of this property?
    This property features: Investment opportunity: Portfolio of five 4-plexes totaling 20 units, 100% occupied.; Asking price: $6,995,000.; Projected Net Operating Income (NOI): $361,173.
    (979) 268-6840
    Request Owner's contact information
    8905 Tronewood Dr Austin, TX 78758
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8905 Tronewood Dr Austin, TX 78758
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