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2421 W Slaughter Ln - Cashflow 12 Unit - Central Texas 12 Unit Apartment Building Offered at $2,195,000 at a 7.38% Cap Rate Austin, TX 78748
Investment Highlights
- Tenant Occupied for $18,000/mo
- No HOA
- Multiple exit strategies, 4plexes can be sold individually
- Close Proximity to Downtown Austin
- Low Supply, High Demand area - Very few multifamily available for sale
Executive Summary
100% Occupied, TurnKey 12plex
-3 separate fourplexes. Can be bought individually or all together.
-10 miles from downtown Austin in high demand area.
Very few 4plexes of apartments available for sale.
Seller will guarantee 100% occupancy upon change of ownership.
10 units getting $1,500/mo
2 units getting $1,550/mo.
New roofs on all buildings July 2026. (architectural shingles with transferrable warranty)
Newly painted fascia, soffit, siding, and consistent landscaping.
7 HVACs are ~5 yrs old. 5 other HVACs ~10 yrs old.
All water heaters ~10+ yrs old.
No leaks, and all appliances working well.
No immediate maintenance/repairs needed.
Every unit is on separate meters and tenants pay all bills/utilities their own.
No HOA.
Owner pays lawn care and common area lights.
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 $12,000 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.
-3 separate fourplexes. Can be bought individually or all together.
-10 miles from downtown Austin in high demand area.
Very few 4plexes of apartments available for sale.
Seller will guarantee 100% occupancy upon change of ownership.
10 units getting $1,500/mo
2 units getting $1,550/mo.
New roofs on all buildings July 2026. (architectural shingles with transferrable warranty)
Newly painted fascia, soffit, siding, and consistent landscaping.
7 HVACs are ~5 yrs old. 5 other HVACs ~10 yrs old.
All water heaters ~10+ yrs old.
No leaks, and all appliances working well.
No immediate maintenance/repairs needed.
Every unit is on separate meters and tenants pay all bills/utilities their own.
No HOA.
Owner pays lawn care and common area lights.
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 $12,000 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 |
$216,000
|
$19.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$216,000
|
$19.19
|
| Taxes |
$42,000
|
$3.73
|
| Operating Expenses |
$12,000
|
$1.07
|
| Total Expenses |
$54,000
|
$4.80
|
| Net Operating Income |
$162,000
|
$14.39
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $216,000 |
| Annual Per SF | $19.19 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $216,000 |
| Annual Per SF | $19.19 |
| Taxes | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $3.73 |
| Operating Expenses | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $1.07 |
| Total Expenses | |
|---|---|
| Annual | $54,000 |
| Annual Per SF | $4.80 |
| Net Operating Income | |
|---|---|
| Annual | $162,000 |
| Annual Per SF | $14.39 |
Property Facts
| Price | $2,195,000 | Property Type | |
| Price Per Unit | $182,917 | Building Size | 11,256 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 7.38% | No. Stories | 2 |
| No. Units | 12 | Year Built | 1983 |
| Price | $2,195,000 |
| Price Per Unit | $182,917 |
| Sale Type | Investment |
| Cap Rate | 7.38% |
| No. Units | 12 |
| Property Type | |
| Building Size | 11,256 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1983 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 12 | $1,575 | 938 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 344779 | Total Assessment | $615,614 (2025) |
| Land Assessment | $300,596 (2025) | Annual Taxes | $42,000 ($3.73/SF) |
| Improvements Assessment | $315,018 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
344779
Land Assessment
$300,596 (2025)
Improvements Assessment
$315,018 (2025)
Total Assessment
$615,614 (2025)
Annual Taxes
$42,000 ($3.73/SF)
Tax Year
2026
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2421 W Slaughter Ln - Cashflow 12 Unit - Central Texas