$895,000
 $4,805 est/mo Sourced by Back At You

8616 Putnam Dr,Austin, TX 78757

Austin, TX 78757

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Description

This is the property buyers wait for, live in it, invest in it, or both, with the kind of location, income, and flexibility that makes sense the moment you see it. WOW! $6,950 per month in current income with exceptionally stable tenancy, featuring residents in place for 12 to 17 years. Beautifully maintained, locally owned four plex professionally managed since 2007, with rents paid electronically via Zelle. The property consists of four walk up, garden style units, each approximately 1,010 sq ft with 2 bedrooms and 1.5 baths. Unit 101 is vacant as of Feb 15, 2026, creating immediate flexibility for owner occupancy, lease up, or repositioning without tenant displacement. Located in a highly desirable central Austin corridor minutes from The Domain, The Arboretum, major employers, retail, and transit, this property benefits from sustained rental demand and limited small multifamily supply, making it a smart, durable investment in today’s Austin market. Especially compelling for owner occupied buyers, the four plex structure allows a resident owner to offset housing expenses with rental income while benefiting from favorable owner occupied multifamily financing. Long term in place tenants provide predictable cash flow and reduced turnover. Capital improvements reflect pride of ownership. 2024 upgrades include private fenced xeriscape courtyards, steel privacy panels with metal gates, security screen doors, rekeyable locks, and a shared rear yard with cedar fencing and mature trees. 2019 renovations include four 14 SEER HVAC systems, energy efficient windows, Hardie board siding, and a repaved parking lot with eight dedicated spaces plus street parking. Unit features include gas ranges and refrigerators, dishwasher hookups, laundry hookups, decorative fireplaces in Units 101 and 104, ceramic tile and vinyl plank flooring, no carpet, and select patio or French doors. Corner lot with mature trees and low maintenance landscaping. Indiv-package, 9007 Quail Valley 6126992.

Details

MLS #3877142
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1968
Days On Site283
Listing Provided ByListingSpark | Aaron Jistel

Features

SQ Feet4,078
Story(s)2
Acreage0.18
Water FrontYes
Property ViewNone

Interior

Interior FeaturesCeiling Fan(s)
CoolingCeiling Fan(s), See Remarks
HeatingCentral
AppliancesDisposal, Oven, Refrigerator, Water Heater
Fireplace FeaturesSee Remarks
Fireplaces Total2
Window FeaturesDouble Pane Windows
FlooringLinoleum, Tile

Exterior

Exterior FeaturesGutters Full
RoofComposition, Shingle, See Remarks
Foundation DetailsSlab
Lot FeaturesCorner Lot, Curbs, Level
Patio And Porch FeaturesPatio
FencingPrivacy, See Remarks
Construction MaterialsBrick Veneer, Frame, Hardi Plank Type
Security FeaturesSee Remarks

Parking

Parking FeaturesSee Remarks
Garage Spaces0

Utilities

UtilitiesElectricity Connected, Natural Gas Connected, Phone Available
SewerPublic Sewer

Other

List AorAustin Board Of Realtors

Taxes

Property13538

Area Information

StateTX
CountyTravis
CityAustin
Zip Code78757
Area2
Community NameWooten Terrace Sec 03
School DistrictAustin ISD
Elementary SchoolWooten
High SchoolNavarro Early College
Sourced by Back At You

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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 28, 2026 at 6:59:57 AM 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

StateTX
CountyTravis
CityAustin
Zip Code78757
Area2
Community NameWooten Terrace Sec 03
School DistrictAustin ISD
Elementary SchoolWooten
High SchoolNavarro Early College
Sourced by Back At You
Listing Updated: July 24, 2026 at 11:44:51 AM PDT
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