Austin 78704 Renovated Fourplex | $1.45M

3802 Southway Dr, Austin

ROI

12.47% IRR

Strategy

Long Term Rental

$10,040 per month is already in place across four fully renovated 2 bed, 1.5 bath townhome-style units in the heart of Austin (78704!). The property was renovated in 2024, and lease comps support about $2,600 per door. This is a unique property. I don’t see any comparable quads with similar size or finish quality recently selling but the rent roll does absolutely justify the purchase price. This has great rent:price ratios for Austin and definitely for an A+ area within the city. I would start at $1.3M. Ideal for a 1031 buyer or Austin investor who wants a premium location without a renovation project, with leases and the full financials available from the seller. NOTE the asking is 1.45M and current rents are $10,040. My numbers below reflect a purchase price of $1.3M and rents bumped to fair market value of $10,400.

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Austin 78704 Renovated Fourplex | $1.45M

Listed 07/06/2026

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3802 Southway Dr, Austin

Purchase Price:$1,300,000

Cash Outlay:$351,000

Cashflow:$365/mo

Cap Rate:6.17%

IRR:12.47%

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