Properties / Austin
11900 Alpheus Ave
This property is being displayed for real-estate discovery and analysis. It is not currently an investment offering through Realtix.
Overview
- Units
- 4
- Beds
- 8
- Baths
- 8
- Square feet
- 4,016
- Year built
- 1981
- Lot
- 8,219 sq ft
- Parking
- 1 space
1981 fourplex near The Domain: four 2-bed, 2-bath units totaling 4,016 sq ft on an 8,219 sq ft lot. The seller advertises financing at 20% down, a 5% rate and a 3-year term.
Financials
From the listing
| Asking price | $719,000 | Confirmed · MLS reported |
| Price per sq ft | $179 | Calculated |
| Price per unit | $179,750 | Calculated |
| Reported rent | Not disclosed by the listing | |
| Financing terms | Listing states the seller is open to 20% down, a 3-year term and a 5% rate. Amortization and balloon terms are not stated. Verification required. | Confirmed · MLS reported |
Realtix pro forma
An estimate of a typical year of ownership. Based on Realtix's market-rent estimate, because the listing does not disclose rents. Every line below is an estimate or assumption, not a reported figure.
| Gross rent | $66,960 | $5,580 per month · estimate, medium confidence |
| Vacancy | -$3,348 | assumption |
| Effective income | $63,612 | |
| Property taxes | -$13,788 | Realtix estimate |
| Insurance | -$3,528 | Realtix estimate |
| Management | -$5,089 | assumption |
| Repairs and maintenance | -$5,089 | assumption |
| Capital reserves | -$3,181 | assumption |
| Net operating income | $32,937 | |
| Estimated cap rate | 4.58% | NOI divided by asking price |
| Debt service | -$45,690 | assumption |
| Cash flow after debt | -$12,753 | per year |
| Cash-on-cash return | -6.3% | on $201,320 down payment, closing costs |
| Debt coverage (DSCR) | 0.72x | lenders usually want 1.20x or more |
- Rent: Realtix market-rent estimate (medium confidence)
- Vacancy 5%, management 8%, maintenance 8% and reserves 5% of collected rent
- Financing: 25% down, 30-year fixed at 7.6%, closing costs 3% of price
Units
| Unit A | Rent pending diligence | |
| Unit B | Rent pending diligence | |
| Unit C | Rent pending diligence | |
| Unit D | Rent pending diligence |
Realtix plan
Desk analysis complete, based on the listing and market data. Figures not confirmed by documents are marked as estimates. This is Realtix's own view, not investment advice.
Strategy: Fourplex, rent optimization, seller-finance candidate
Four identical 2-bed, 2-bath units are rare in 78759 and rent well to roommates and couples who work at The Domain and nearby tech campuses. At $719,000 the price works out to about $180,000 per unit and $179 per square foot. The listing says current rents are kept 10 to 15% below market on purpose to limit turnover, and that leases are coming up for renewal. At the RentHop October 2026 median for a 2-bed in 78759 ($1,395), market rent for all four units would be about $5,580 a month, or $66,960 a year, an estimated gross yield near 9.3%. That is a Realtix estimate. Actual rents are not in the listing. The standout is the seller financing: 20% down ($143,800) at 5% versus market mortgage rates above 7.5%. Plan: get the rent roll, confirm the financing terms in writing (amortization and the balloon at year 3), bring rents to market as leases renew, and refinance or sell before the 3-year balloon. The short term is the main risk: a refinance must be possible by then.
Strengths
- Four 2-bed, 2-bath units, a layout in high demand
- Seller financing advertised at 5%, well below market mortgage rates
- Rents reported as below market, so upside without major renovation
- Walking distance to major North Austin employers and The Domain
- Low flood risk (1/10 First Street Flood Factor)
Risks
- 3-year term means a balloon payment or refinance by year 3
- Financing terms are advertised, not confirmed in writing
- Actual rents and vacancy are not disclosed; the listing mentioned a vacant unit earlier
- 152 days on market and a price reduction suggest buyers have concerns
- 78759 2-bed rents fell over the past year per RentHop
- Only 1 parking space listed for four units
Catalysts
- Lease renewals allow rents to move to market
- Seller financing reduces cash needed and interest cost
- Possible further price reduction after a long time on market
Due diligence still needed
- Rent roll, lease end dates and current vacancy for all four units
- Seller financing terms in writing: amortization, balloon amount, prepayment
- Recent updates completed and any deferred maintenance
- Inspection including roof, HVAC for each unit and plumbing
- Parking count and city compliance
- Actual tax bill and insurance quote
Realtix screening score
How this score works
The score is calculated, not hand-picked. Cash flow (40%) scales the estimated cap rate from 2% to 8%. Price (25%) scales price per square foot from $320 down to $120. Building age (20%) scales the year built from 1955 to 2015. Data confidence (15%) is higher when rents are reported rather than estimated. It ignores location quality, condition inside the walls and tenant quality, which need diligence.
Realtix preliminary screening score. Not investment advice, and it does not predict returns.
Potential investment
Not currently offered through Realtix. Watch this property to be notified if Realtix decides to pursue it.
Media
No media yet.
Photos appear here only when Realtix holds confirmed rights to show them.
Map
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Sources
- Listing source
- Redfin / Unlock MLS · MLS #7975516
- Listing brokerage
- Teifke Real Estate · Leo Duarte
- Last verified
- 2026-10-07
Estimated market rent (monthly): basis for Realtix estimate, as of 2026-10-06
Financing terms: MLS reported, as of 2026-10-06
Annual insurance: basis for Realtix estimate, as of 2026-10-06
Annual property tax: basis for Realtix estimate, as of 2026-10-06
Updates
- 2026-10-07 Listing checked against the source.
- Listing 152 days on market as of the last check.