About This Home

Excellent multifamily investment opportunity in the Heatherwood neighborhood of South Austin! This fourplex features four individual units, each offering 2 bedrooms and 1.5 bathrooms, for a total of 8 bedrooms and 6 bathrooms. Currently, three of the four units are tenant-occupied, providing existing rental income, while the fourth unit offers an opportunity to secure an additional tenant or explore owner-occupancy. Located in an established South Austin neighborhood, this property offers investors the opportunity to expand their portfolio with a four-unit asset in the Austin market. Whether you're an experienced investor or looking to enter the multifamily market, this property offers income potential and flexibility. Schedule your showing today!

At $174/sqft, this home is 55% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5707 Cougar Dr, Austin, TX 78745

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Property Details

Price $675,000

Status Active Listing

Beds ,

Full Baths ,

Half Baths ,

Living Area 3,870 sqft

Lot Size 0.20 acres (8,712 sqft)

Year Built 1982

Garage ,

Stories ,

Type Residential Income · Quadruplex

Subdivision Heatherwood

County Travis

Zip Code 78745

$/sqft $174/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $5,003

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT249621582

List Date October 12, 2026

Elementary School Odom

Middle School Bedichek

High School Crockett

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent

$3,240/mo

0.48% rule · conservative Austin est.

Gross Yield

5.76%

Annual rent ÷ purchase price

Cap Rate (est.)

3.46%

NOI after 40% vacancy + expenses

Down Payment

$135,000

20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$3,240

Principal + Interest−$3,684

Property Tax (~2.1% TX avg)−$1,181

Insurance (~0.5%)−$281

Est. Monthly Cash Flow $-1,906

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E

Apple Campus (Domain) 20-30 min N

Google / Meta / Indeed 10-15 min downtown

Dell Medical School / UT Austin 10-20 min

Samsung Austin Semiconductor 25 min N

About the Author

Luke Allen

Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019

★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on October 16, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

5707 Cougar Dr

Location

Property Details

Rental Income Potential

Major Employers Near Austin, TX

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