Description
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.
Details
| MLS # | 6989655 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1956 |
| Days On Site | 36 |
| Listing Provided By | DEN Property Group | Robert Lemon |
Features
| SQ Feet | 2,288 |
|---|---|
| Story(s) | 1 |
| Acreage | 0.16 |
| Water Front | Yes |
| Property View | None |
Interior
| Interior Features | See Remarks, Breakfast Bar, Open Floorplan, Stackable W/D Connections |
|---|---|
| Cooling | Wall/Window Unit(s) |
| Heating | See Remarks, Electric |
| 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) |
| Fireplace Features | None |
| Fireplaces Total | 0 |
| Window Features | Blinds, Double Pane Windows, Screens |
| Flooring | Tile, Vinyl |
Exterior
| Exterior Features | Private Yard |
|---|---|
| Roof | Asbestos Shingle |
| Foundation Details | Slab |
| Lot Features | See Remarks, Alley, Back Yard, Front Yard, Landscaped, Native Plants |
| Patio And Porch Features | Awning(s), Patio |
| Fencing | See Remarks, Fenced, Wood |
| Construction Materials | See Remarks, Hardi Plank Type, Vinyl Siding, Wood Siding |
| Security Features | Security Lights |
Parking
| Parking Features | See Remarks |
|---|---|
| Garage Spaces | 0 |
Utilities
| Utilities | See Remarks, Electricity Connected, High Speed Internet, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Other
| List Aor | Austin Board Of Realtors |
|---|
Taxes
| Property | 21187 |
|---|
Area Information
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78705 |
| Area | UT |
| Community Name | Peterson |
| School District | Austin ISD |
| Elementary School | Bryker Woods |
| High School | Austin |
| Listing VS Median (in Peterson) | |
Price: $1,750,000 low | high Med: $1,500 sqft: 2,288 low | high Med: 1,000 $ / sqft: $765 low | high Med: $2 On site: 36 low | high Med: 173 | |
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 27, 2026 at 11:20:08 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Learn More About This Property
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78705 |
| Area | UT |
| Community Name | Peterson |
| School District | Austin ISD |
| Elementary School | Bryker Woods |
| High School | Austin |
| Listing VS Median (in Peterson) | |
Price: $1,750,000 low | high Med: $1,500 sqft: 2,288 low | high Med: 1,000 $ / sqft: $765 low | high Med: $2 On site: 36 low | high Med: 173 | |
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