22-Unit Multifamily
For Sale
$5,000,000
99 Mager Ln A2, Hutto, TX 78634
Newly built detached rental homes with private yards, dedicated parking, and flexible long-, mid-, and short-term rental options.
Property Size21,772 SF
Price / SF$229.65
Days on Market49
Property Features for 99 Mager Ln A2
General Information
Standard status
Active
Size
21,772 SF
Property subtype
Multi-Family
Additional Details
Asking Price
$5,000,000
Highway Access
Yes
Multifamily Units
22
Amenities
private yards
dedicated parking
Building Details
Year Built
2026
Buildings
22
Listing Agency:
Keller Williams Realty Lone Star
Listed By:
Robert Fischer · License #0538860
(512) 531-2888
Source:
Olverabolton
Added: Sep 4
Changed: Oct 8
Last Checked: Oct 7 at 1:09PM
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 Keller Williams Realty Lone Star
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Villas at Cottonwood Trail is a 22-unit multifamily property comprising detached two- and three-bedroom homes ranging from 822 to 1,152 square feet. The residences include private yards and dedicated parking, with potential options for a front courtyard and covered carport. Built in 2026, the property supports long-term, mid-term, and short-term rental strategies and may be acquired as the complete portfolio or in smaller groupings, including 11-unit, 4-unit, and 2-unit configurations or individual units.
The property is located at 99 Mager Ln A2 in Hutto, Texas, near Samsung, Tesla, and Amazon employment centers. Regional access includes SH-130, Hwy 79, and I-35. Underwriting includes projected 6.03% and 7.60% cap rates for long-term and mid-term rental approaches, respectively, with a blended projection of approximately 6.8% cap rate. Buyer to verify all information.
The property is located at 99 Mager Ln A2 in Hutto, Texas, near Samsung, Tesla, and Amazon employment centers. Regional access includes SH-130, Hwy 79, and I-35. Underwriting includes projected 6.03% and 7.60% cap rates for long-term and mid-term rental approaches, respectively, with a blended projection of approximately 6.8% cap rate. Buyer to verify all information.
Key Highlights
- 22‑unit multifamily portfolio with detached 2–3 bedroom homes
- Homes range from 822–1,152 SF and include private yards
- Dedicated parking provided for the residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$333,746
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,674,920
$6.7M
Cap Rate 7%
$4,767,800
$4.8M
Cap Rate 9%
$3,708,289
$3.7M
Market Conditions
NOI Build-Up for 21,772 SF
Gross rent
$640.1K $29.40/SF
− Vacancy
−$33.3K −$1.53/SF
EGI
$606.8K $27.87/SF
− OpEx
−$273.1K −$12.54/SF
NOI
$333.7K $15.33/SF
Area
Williamson County, TX
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,674,920
Cap Rate 7%
$4,767,800
Cap Rate 9%
$3,708,289
Alternative Uses
Best Use
Apartment 5plus
$4.77M
$4.17M – $5.56M
NOI $333,746 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.10M
$7.96M – $10.62M
NOI $637,087 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
22
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Explore this area
Business Placement
Demographics for 78634, TX
37,951
Population
15,322
Households
2.5
Avg Household Size
33
Median Age
35%
College-Educated
93%
High-School Grad
56.4 sq mi
ZIP Area
673
Density / Sq Mi
$111,227
Median Household Income
$52,649
Median Earnings
$2,024
Median Rent
$334,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Newly built detached rental homes with private yards, dedicated parking, and flexible long-, mid-, and short-term rental options.
Where is this multifamily property located?
The property is located at 99 Mager Ln A2 Hutto, TX.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 22‑unit multifamily portfolio with detached 2–3 bedroom homes; Homes range from 822–1,152 SF and include private yards; Dedicated parking provided for the residences
