For sale
$2,145,000
1302 E 52nd St
Austin, TX 78723
- 0 beds
- 0 baths
- 0.7 acres
Listing courtesy of Douglas Elliman Real Estate · (512) 866-3795 · MLS# 5972252 · Status: Active
About this home
15-Unit Multifamily Investment + Repositioning Opportunity In-Place Income | Strategic Infill Location | Multiple Value-Creation Paths 1302 E 52nd St presents a rare opportunity to acquire an existing 15-unit multifamily asset with in-place income and multiple potential paths for future value creation. Positioned in a strategic Central Austin infill location near Mueller, the property offers investors the ability to generate income today while evaluating opportunities to enhance operations or reposition the asset over time. With established in-place tenancy, the property provides immediate rental income while preserving flexibility for its next chapter. Beyond optimizing the existing multifamily operation, the property’s location and configuration may appeal to investors exploring alternative residential operating models, supportive or workforce housing, mid-term or co-living concepts, or longer-term conversion or redevelopment strategies, subject to applicable zoning, approvals and buyer due diligence. Directly across the street, SAFE’s Lancaster development adds another dimension to the property’s evolving surroundings. The location also provides convenient access to Mueller, Dell Children’s Medical Center, the University of Texas and Dell Medical District, Downtown Austin, and major transportation corridors including I-35 and US-290. Nearby Mueller offers a significant concentration of retail, dining, recreation, healthcare and employment, including Mueller Lake Park, the Mueller Farmers’ Market, Alamo Drafthouse and a growing mix of restaurants and neighborhood amenities. For the investor looking beyond today’s operations, 1302 E 52nd presents something increasingly difficult to replicate in Central Austin: an existing income-producing multifamily property in an established infill location with the flexibility to consider multiple strategies for its next chapter. Financial information and additional property details are available upon request.
Description provided by the listing brokerage.
Facts
- Property type
- Commercial Sale · Multi Family
- Year built
- 1962
- Lot size
- 0.7 acres
- Annual taxes
- $48,239
- County
- Travis
- Neighborhood
- Ridgetop Gardens Sec 02
Features
- Sewer
- Public Sewer
- Cooling
- Central Air
- Heating
- Central, Natural Gas
- Flooring
- Carpet, Laminate, Tile
- Utilities
- Electricity Available, Electricity Connected
- Water
- Public
- Parking
- Enclosed, Gated, Off Street, Private, Reserved
- Foundation
- Slab
- Energy efficiency
- None
- Accessibility
- See Remarks
- Construction
- Brick Veneer, Concrete, Frame, Masonry – Partial
Location
Listings courtesy of Unlock MLS as distributed by MLS GRID.
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