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8207 Sam Rayburn Dr 8 Unit Apartment Building $925,000 ($115,625/Unit) 5.81% Cap Rate Austin, TX 78753
Executive Summary
Welcome to 8207 Sam Rayburn Dr, Austin, TX — a newly renovated 8-unit multifamily property comprised of eight one-bedroom, one-bath residences. This asset has undergone extensive recent improvements, including a new roof (2024), one new HVAC system, five new water heaters, four new stoves, five new refrigerators, eight new windows, three new doors, and steel exterior doors installed on all units. Interiors feature fresh paint throughout along with select upgrades.
Additional enhancements include a repaired laundry room ready for equipment installation and added income potential, a new 6-foot cinderblock fence along the rear of the property, and consistent professional pest control. Numerous smaller repairs have also been completed, demonstrating strong attention to detail and making this a truly turnkey multifamily investment opportunity in the Austin market. Further upside exists through the addition of laundry machines and the potential rental of two approximately 5x5 storage spaces for additional revenue.
Additional enhancements include a repaired laundry room ready for equipment installation and added income potential, a new 6-foot cinderblock fence along the rear of the property, and consistent professional pest control. Numerous smaller repairs have also been completed, demonstrating strong attention to detail and making this a truly turnkey multifamily investment opportunity in the Austin market. Further upside exists through the addition of laundry machines and the potential rental of two approximately 5x5 storage spaces for additional revenue.
Property Facts
| Price | $925,000 | Building Class | C |
| Price Per Unit | $115,625 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 7,511 SF |
| Cap Rate | 5.81% | Average Occupancy | 25% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2001/2025 |
| Property Subtype | Apartment | Parking Ratio | 0.54/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MF-3 NP - Multi-Family | ||
| Price | $925,000 |
| Price Per Unit | $115,625 |
| Sale Type | Investment |
| Cap Rate | 5.81% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,511 SF |
| Average Occupancy | 25% |
| No. Stories | 2 |
| Year Built/Renovated | 2001/2025 |
| Parking Ratio | 0.54/1,000 SF |
| Zoning | MF-3 NP - Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Storage Space
- Range
- Patio
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,278,865 | |
| Land Assessment | $441,313 | Total Assessment | $1,720,178 |
Property Taxes
Parcel Numbers
Land Assessment
$441,313
Improvements Assessment
$1,278,865
Total Assessment
$1,720,178
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8207 Sam Rayburn Dr