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2411 W Slaughter Ln - Cashflow 4Plex - Central Austin 4 Unit Apartment Building Offered at $749,000 at a 7.34% Cap Rate Austin, TX 78748
Investment Highlights
- Tenant Occupied for $6,000/mo
- No HOA
- Residential 4plex allows multiple exit strategies, either to investor or owner occupant buyer (FHA loan)
- Close Proximity to Downtown Austin
- Low Supply, High Demand area - Very few 4plexes available for sale
Executive Summary
100% Occupied, TurnKey 4plex
-10 miles from downtown Austin in high demand area. Very few 4plexes available for sale
Unit 1: 2/2 ($1,500) - Tenant occupied for 3+ yrs with Housing Voucher tenant.
Unit 2: 2/2 ($1,500) - Listed for lease. Renovated July 2026 (new paint, door hardware, fans)
Unit 3: 2/2 ($1,500) - Tenant moving in Sept 1st on a 12 month lease. Renovated July 2026 (new paint, door hardware, fans)
Unit 4: 2/2 ($1,500) - Tenant moving out July 31st and will be listed for lease after renovations (new paint, door hardware, fans)
New roof July 2026. (architectural shingles with transferrable warranty)
Newly painted fascia, soffit, siding, and consistent landscaping.
2 HVACs are ~5 yrs old. 2 other HVACs ~10 yrs old.
Water heaters ~10 yrs old. No leaks, and all appliances working well.
Owner will guarantee 100% occupancy at closing.
No immediate maintenance/repairs needed.
Each unit is on separate meters and tenants pay all bills/utilities their own.
No HOA.
All appliances convey with the sale. (Fridge and kitchen appliances. No W/D on property but W/D connections present on all units)
Operating Expenses of $4,000 represents only annual insurance.
Property management company can be put in place for 8%.
Seller is selling property to move money to larger investment.
Seller currently has property under contract.
-10 miles from downtown Austin in high demand area. Very few 4plexes available for sale
Unit 1: 2/2 ($1,500) - Tenant occupied for 3+ yrs with Housing Voucher tenant.
Unit 2: 2/2 ($1,500) - Listed for lease. Renovated July 2026 (new paint, door hardware, fans)
Unit 3: 2/2 ($1,500) - Tenant moving in Sept 1st on a 12 month lease. Renovated July 2026 (new paint, door hardware, fans)
Unit 4: 2/2 ($1,500) - Tenant moving out July 31st and will be listed for lease after renovations (new paint, door hardware, fans)
New roof July 2026. (architectural shingles with transferrable warranty)
Newly painted fascia, soffit, siding, and consistent landscaping.
2 HVACs are ~5 yrs old. 2 other HVACs ~10 yrs old.
Water heaters ~10 yrs old. No leaks, and all appliances working well.
Owner will guarantee 100% occupancy at closing.
No immediate maintenance/repairs needed.
Each unit is on separate meters and tenants pay all bills/utilities their own.
No HOA.
All appliances convey with the sale. (Fridge and kitchen appliances. No W/D on property but W/D connections present on all units)
Operating Expenses of $4,000 represents only annual insurance.
Property management company can be put in place for 8%.
Seller is selling property to move money to larger investment.
Seller currently has property under contract.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$72,000
|
$19.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,000
|
$19.19
|
| Taxes |
$13,000
|
$3.46
|
| Operating Expenses |
$4,000
|
$1.07
|
| Total Expenses |
$17,000
|
$4.53
|
| Net Operating Income |
$55,000
|
$14.66
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $19.19 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $19.19 |
| Taxes | |
|---|---|
| Annual | $13,000 |
| Annual Per SF | $3.46 |
| Operating Expenses | |
|---|---|
| Annual | $4,000 |
| Annual Per SF | $1.07 |
| Total Expenses | |
|---|---|
| Annual | $17,000 |
| Annual Per SF | $4.53 |
| Net Operating Income | |
|---|---|
| Annual | $55,000 |
| Annual Per SF | $14.66 |
Property Facts
| Price | $749,000 | Property Type | |
| Price Per Unit | $187,250 | Building Size | 3,752 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 7.34% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1983 |
| Price | $749,000 |
| Price Per Unit | $187,250 |
| Sale Type | Investment |
| Cap Rate | 7.34% |
| No. Units | 4 |
| Property Type | |
| Building Size | 3,752 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1983 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $1,575 | 938 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
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2411 W Slaughter Ln - Cashflow 4Plex - Central Austin