2001 Rabb RdAustin, TX 78704

For Sale
Call for price

Four-unit rental, high occupancy

Overview

Added:
Dec 11, 2024
Days on market:
93
This Austin, TX multifamily investment opportunity consists of two side-by-side duplexes totaling four 2/1 units on a 0.56-acre lot. Built in 1964 with renovations in 2017 and 2019, the property boasts a 100% occupancy rate, generating a Net Operating Income (NOI) of $116,940 and a 2.57% cap rate. Each unit features a dedicated carport and laundry. The property is zoned SF-3 and presents a compelling covered land play, offering potential for future development into a single-family compound or additional multifamily units (subject to deed restrictions and city regulations). The combined gross rent is $9,745 per month. The sale includes both 1913 and 2001 Rabb Rd. This fee-simple ownership offers a stabilized investment with significant upside potential. The total square footage is 3,500. The property is located in Travis County, Austin, TX, 78704.

Highlights

  • Multifamily investment opportunity in Austin, TX.
  • Four-unit, Class B portfolio consisting of two duplexes on a 0.56-acre lot.
  • 100% occupancy with a current NOI of $116,940 and a 2.57% cap rate.
  • Recently renovated (2017, 2019), each unit is a 2/1 with a carport and laundry.
  • Potential for redevelopment into a single-family compound or additional multifamily units (buyer to verify zoning).

Property Details for 2001 Rabb Rd

Property type
Multifamily properties, Residential income homes
Square Feet
3,500 SF
Class
B
Year Built
1964
Buildings
2
Stories
1
Lot Size (sq. ft)
24,524 SF
Units
4

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.2534134
Longitude
-97.7776456
2001 Rabb Rd, Austin, Texas

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2001 Rabb Rd
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