Fourplex with All Two-Bedroom
For Sale
Contact for pricing
9502 Kempler Drive, Austin, TX 78748
Each residence has separate electric and water metering.
Property Size3,600 SF
Price / SF$133.33
Days on Market124
Property Features for 9502 Kempler Drive
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Multifamily
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Listing Agency:
Real Broker LLC
(512) 415-6244
Listed By:
Max Son · License #817026
Source:
Crexi
Added: Apr 29
Changed: Aug 29
Last Checked: Aug 29 at 6:09PM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This 3,600-square-foot fourplex contains four residences, each configured with two bedrooms and two bathrooms. The property dates to the 1980s and features PVC plumbing and copper wiring. Separate electric and water meters serve each unit. Overall condition is described as average to fair, with the building considered fully rentable.
The property is located at 9502 Kempler Drive in Austin, Texas. Two units are occupied under leases running through 01/2027, while the remaining two units are vacant. The unit configuration and individual utility metering provide clear physical distinctions among the residences.
The property is located at 9502 Kempler Drive in Austin, Texas. Two units are occupied under leases running through 01/2027, while the remaining two units are vacant. The unit configuration and individual utility metering provide clear physical distinctions among the residences.
Key Highlights
- Fourplex with four 2‑bedroom, 2‑bath residences
- 3,600 square feet of building area
- Separate electric and water meters for every unit
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
$34,568
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
7.20%
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%
$691,360
$691.4K
Cap Rate 7%
$493,829
$493.8K
Cap Rate 9%
$384,089
$384.1K
Market Conditions
NOI Build-Up for 3,600 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
$54.0K $15.00/SF
− Vacancy
−$4.6K −$1.28/SF
EGI
$49.4K $13.72/SF
− OpEx
−$14.8K −$4.12/SF
NOI
$34.6K $9.60/SF
Area
ZIP 78748
Vacancy
8.55%
Lease Rate
$15.00 /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%
$691,360
Cap Rate 7%
$493,829
Cap Rate 9%
$384,089
Alternative Uses
Best Use
Multifamily LT 5
$493.8K
$432.1K – $576.1K
NOI $34,568 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$429.3K
$375.7K – $500.9K
NOI $30,054 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,925 @ 7.0% cap · market cap 18.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
Explore this area
Business Placement
Demographics for 78748, TX
55,226
Population
25,694
Households
2.1
Avg Household Size
35
Median Age
56%
College-Educated
95%
High-School Grad
14.1 sq mi
ZIP Area
3,917
Density / Sq Mi
$107,652
Median Household Income
$59,611
Median Earnings
$1,711
Median Rent
$434,100
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?
Quadplex - Each residence has separate electric and water metering.
Where is this quadplex located?
The property is located at 9502 Kempler Drive Austin, TX.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Fourplex with four 2‑bedroom, 2‑bath residences; 3,600 square feet of building area; Separate electric and water meters for every unit
