11900 Alpheus Ave, Austin, TX 78759

Prime North Austin Fourplex Investment – Rare Opportunity Near The Domain. Positioned in one of North Austin’s most desirable and rapidly growing corridors, this fourplex @ 11900 Alpheus Ave offers a rare chance to acquire a high-performing asset in an extremely supply-constrained market. With rare active fourplex listings (2) currently available in 78759 or 78727, opportunities like this are few and far between. This recently updated property features highly sought-after 2 bed/2 bath layouts in every unit—a rare configuration that consistently attracts quality tenants and commands premium rental demand. The asset is fully occupied with stable tenancy and a proven rental history, generating current rents of $4,390/month, with clear upside potential. One unit will be purposely left vacant in May 2026, giving a new owner immediate flexibility to adjust rents to market rates and increase cash flow as well as the possibility to show a unit for interested parties. Current rents are below market for comparable 2/2 units in the area (approx 10-15%) on purpose to minimize vacancy and turnover over time, presenting a strong value-add opportunity without the need for major renovations. Located just minutes from The Domain, major tech employers, and key Austin business hubs, this property benefits from consistent tenant demand, strong historical rent growth, and long-term appreciation potential. Additionally, with only three comparable fourplex sales in the past 15 months, this asset stands out as a truly scarce investment in a high-demand submarket. Highlights: Fourplex with stable tenants, Rare 2 bed/2 bath units in all 4 units, immediate rental upside with upcoming lease expirations, Recent updates completed, prime location near The Domain and major employers and strong appreciation and rental growth submarket. This is an ideal opportunity for investors seeking a smart long term investment today with built-in upside tomorrow in one of Austin’s most resilient rental markets.