Tenant-Occupied Four-Unit
For Sale
$735,000
9407 Grouse Meadow Ln A B C D, Austin, TX 78758
Fourplex with long-term tenants, offered for sale in Austin, Texas.
Property Size4,124 SF
Price / SF$178.23
Days on Market53
Property Features for 9407 Grouse Meadow Ln A B C D
General Information
Standard status
Active
Size
4,124 SF
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Year Built
1973
Tenancy
Multi
Listing Agency:
NB Elite Realty
Listed By:
Lucy Nguyendon · License #0523905
(512) 977-9300
Source:
Austintexasrealestate
Added: Jul 24
Changed: Sep 11
Last Checked: Sep 13 at 11:58AM
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 NB Elite Realty
Investment Insights
Based on property information with market context.
This four-unit residential income property (a fourplex) is being offered for sale with long-term tenants in place. The unit structure includes addresses for A, B, C, and D.
The property is located in Austin, Texas, with nearby access to The Domain as well as major local employers and corridors including Apple and Dell, plus Austin Community College (ACC). The area also offers convenient access to I-35 and daily amenities such as dining and shopping.
Transportation and walkability indicators reported for the area include a 60 BikeScore, a 44 WalkScore (car-dependent), and a 40 transitScore (some transit).
The property is located in Austin, Texas, with nearby access to The Domain as well as major local employers and corridors including Apple and Dell, plus Austin Community College (ACC). The area also offers convenient access to I-35 and daily amenities such as dining and shopping.
Transportation and walkability indicators reported for the area include a 60 BikeScore, a 44 WalkScore (car-dependent), and a 40 transitScore (some transit).
Key Highlights
- Fourplex built in 1973
- Long‑term tenants
- BikeScore 60 (bikeable), WalkScore 44 (car‑dependent), TransitScore 40 (some transit)
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
$60,921
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
8.29%
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%
$1,218,420
$1.2M
Cap Rate 7%
$870,300
$870.3K
Cap Rate 9%
$676,900
$676.9K
Market Conditions
NOI Build-Up for 4,124 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
$91.6K $22.20/SF
− Vacancy
−$4.5K −$1.10/SF
EGI
$87.0K $21.10/SF
− OpEx
−$26.1K −$6.33/SF
NOI
$60.9K $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 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%
$1,218,420
Cap Rate 7%
$870,300
Cap Rate 9%
$676,900
Alternative Uses
Best Use
Multifamily LT 5
$870.3K
$761.5K – $1.02M
NOI $60,921 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$799.9K
$699.9K – $933.2K
NOI $55,993 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$1.62M
$1.41M – $1.89M
NOI $113,124 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Explore this area
Business Placement
Demographics for 78758, TX
49,831
Population
25,745
Households
1.9
Avg Household Size
32
Median Age
46%
College-Educated
85%
High-School Grad
9.1 sq mi
ZIP Area
5,476
Density / Sq Mi
$69,019
Median Household Income
$47,685
Median Earnings
$1,549
Median Rent
$419,300
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 - Fourplex with long-term tenants, offered for sale in Austin, Texas.
Where is this quadplex located?
The property is located at 9407 Grouse Meadow Ln A B C D Austin, TX.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Fourplex built in 1973; Long‑term tenants; BikeScore 60 (bikeable), WalkScore 44 (car‑dependent), TransitScore 40 (some transit)
