Austin, TX multifamily market
Austin multifamily values are stabilizing following a historic supply wave, with buyer interest returning as completions taper and occupancy resets. Small-to-midsize multifamily properties trade primarily between $120 and $360 per square foot, with cap rates generally ranging from 5.5% to 7.5%.
What's driving Multifamily prices in Austin
Multifamily prices experienced softening over the last 24 months due to heavy inventory deliveries before showing signs of stabilization.
- Massive delivery of new apartment units putting downward pressure on rents
- High in-migration and strong job absorption supporting long-term occupancy
Market intelligence
Tracking this market · 8 comps · latest deal Aug 2026.
This quarter: 0 comps added to our corpus in Q4 2026. Trend medians use closed-deal dates from our growing comp corpus; automated estimates, not an appraisal.
Where these comps are
Momentum FlatPins are geocoded from each comp's public address, so positions are approximate. Comps quoted at the submarket level aren't pinned. The shaded area is Austin's municipal boundary, coloured to match the momentum read above.
Recent Multifamily comps in Austin, TX
| Address | Date | Type | Size (SF) | Units | Price / Rate | $/SF | $/Unit | Cap Rate | Tenancy | Year Built |
|---|---|---|---|---|---|---|---|---|---|---|
| 2421 W Slaughter Ln, Austin, TX 78748 listing | Aug 2026 | Sale | 3752 | 4 | $450,000 | $120 | $112,500 | 7.7% | Multi-tenant | 1984 |
| 2423 W Slaughter Ln, Austin, TX 78748 listing | Aug 2026 | Sale | 3752 | 4 | $450,000 | $120 | $112,500 | 8.0% | Multi-tenant | 1984 |
| 5624 Woodrow Ave, Austin, TX 78756 listing | Listed Aug 2026 | Sale | 4800 | 6 | $795,000 | $166 | $132,500 | Multi-tenant, 100% occupied | 1983 | |
| 1518 Parkway, Austin, TX 78703 listing | Listed Aug 2026 | Sale | 5536 | 6 | $1,650,000 | $298 | $275,000 | Multi-tenant | 1948 | |
| 3802 Southway Dr, Austin, TX 78704 listing | Listed Jul 2026 | Sale | 4030 | 4 | $1,450,000 | $360 | $362,500 | 6.2% | Multi-tenant, 100% occupied | 1971 |
| 6300 Monsanto Dr, Austin, TX 78741 listing | Listed Jul 2026 | Sale | 4752 | 12 | $895,000 | $188 | $74,583 | 6.5% | Multi-tenant, 100% occupied | 1972 |
| 2411 S 5th St, Austin, TX 78704 listing | Listed Mar 2026 | Sale | 4760 | 6 | $1,400,000 | $294 | $233,333 | Multi-tenant | 1960 | |
| 1710 Wooten Park Dr, Austin, TX 78757 listing | Listed Dec 2025 | Sale | 7252 | 8 | $999,950 | $138 | $124,994 | 7.2% | Multi-tenant, 88% occupied | 1967 |
| Median of 8 recent sales · $177/SF | $177 | |||||||||
No comps in this filter.
What's your multifamily property worth?
Get a free, instant estimate from recent comps, with the source cited on every one.
No specific address? Explore Austin multifamily properties →
Other markets
Figures are automated estimates derived from public listings, records, and brokerage announcements for Austin, TX, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.