$1,550,500

About this home

Rare opportunity to acquire a stabilized, income-producing multifamily property in the heart of West Campus, one of Austin's most dynamic and redevelopment-focused neighborhoods. Just minutes from The University of Texas, downtown Austin, Texas Capitol Building, and major medical centers, this unique investment features five furnished income-producing studio residences with multiple rental strategies, including mid-term, long-term, and short-term rental potential. The heavy lifting has already been done. Units A through D are fully furnished. Unit A is leased through the end of 2026, Units B and C are secured under a new two-year lease with an experienced furnished rental operator, and Unit G is leased to the property's on-site cleaner, providing immediate cash flow with minimal day-to-day management. The owner currently manages only one active Airbnb, while preserving significant future operational flexibility. Each studio offers private exterior access, modern finishes, updated kitchens and baths, mini-split HVAC systems, in-unit laundry, and private fenced patios. Four off-street parking spaces add significant value in one of Austin's most supply-constrained rental markets. Beyond today's income, the property offers exceptional long-term potential. West Campus has been the focus of Austin's planning efforts for more than two decades, with the City encouraging high-density, pedestrian-oriented redevelopment around the University of Texas through the University Neighborhood Overlay (UNO) and its ongoing updates. The area continues to be one of Austin's highest priorities for urban growth and increased housing capacity, making this an attractive long-term hold with future redevelopment and assemblage potential. Buyers may continue the current stabilized leasing strategy, expand furnished rental operations as leases expire (subject to applicable regulations), or position the property for future redevelopment as the neighborhood continues to evolve.

Description provided by the listing brokerage.

Facts

Property type

Residential Income · Quadruplex

Year built

1956

Lot size

0.15 acres

Living area

2,288 sq ft

Price per sq ft

$678

Annual taxes

$21,187

County

Travis

Neighborhood

Peterson

School district

Austin ISD

Schools

Bryker Woods · O Henry · Austin

Features

Roof

Asbestos Shingle

View

None

Sewer

Public Sewer

Levels

One

Cooling

Wall/Window Unit(s)

Fencing

See Remarks, Fenced, Wood

Heating

See Remarks, Electric

Flooring

Tile, Vinyl

Utilities

See Remarks, Electricity Connected, High Speed Internet, Natural Gas Connected, Sewer Connected, Water Connected

Appliances

See Remarks, Built-In Gas Range, Cooktop, Dishwasher, Gas Cooktop, Gas Range, Microwave, Free-Standing Gas Range, RNGHD, Refrigerator, Free-Standing Refrigerator, Stainless Steel Appliance(s)

Lot

See Remarks, Alley, Back Yard, Front Yard, Landscaped, Native Plants

Pets

Cats OK, Dogs OK, Small (< 20 lbs), Medium (< 35 lbs)

Water

Public

Pool

None

Windows

Blinds, Double Pane Windows, Screens

Parking

See Remarks

Exterior

Private Yard

Interior

See Remarks, Breakfast Bar, Open Floorplan, Stackable W/D Connections

Community

None

Fireplace

None

Foundation

Slab

Waterfront

None

Energy efficiency

None

Accessibility

None

Construction

See Remarks, HardiPlank Type, Vinyl Siding, Wood Siding

Patio & porch

Awning(s), Patio

Location