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Austin Multi-family Listings

7107 E Highway 290 - MLS# 7533613
  • $485,000
  • Pending
  • Taking Backups
  • MLS® #: 7533613 
  • University Hills Village
  • 7107 E Highway 290
  • Austin, TX 78723
  •   3884 Sq Ft 0.34 AC
  • Multi-Family
Office: Realty Austin
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1195 Angelina St - MLS# 1878303
  • $1,285,000
  • Active
  •  
  • MLS® #: 1878303 
  • Kealing
  • 1195 Angelina St
  • Austin, TX 78702
  •   3600 Sq Ft 0.21 AC
  • Multi-Family
Office: Team Price Real Estate
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712 Franklin Blvd - MLS# 3416757
  • $1,175,000
  • Active
  •  
  • MLS® #: 3416757 
  • Northfield Add
  • 712 Franklin Blvd
  • Austin, TX 78751
  •   4543 Sq Ft 0.18 AC
  • Multi-Family
Office: Ely Properties, Inc.
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615 W North Loop Blvd - MLS# 5317661
  • $1,175,000
  • Active
  •  
  • MLS® #: 5317661 
  • Murray Place
  • 615 W North Loop Blvd
  • Austin, TX 78751
  •   7209 Sq Ft 0.31 AC
  • Multi-Family
Office: RE/MAX Posh Properties
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1210 Hollow Creek Dr - MLS# 1116037
  • $1,075,000
  • Active
  •  
  • MLS® #: 1116037 
  • Barton Hollow
  • 1210 Hollow Creek Dr
  • Austin, TX 78704
  •   4280 Sq Ft 0.16 AC
  • Multi-Family
Office: Mission Real Estate Group
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6913 Thorncliffe Dr - MLS# 4444587
  • $998,000
  • Active
  •  
  • MLS® #: 4444587 
  • Northwest Hills
  • 6913 Thorncliffe Dr
  • Austin, TX 78731
  •   4431 Sq Ft 0.22 AC
  • Multi-Family
Office: Linda LeDuc
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3218 Hemlock Ave - MLS# 5152464
  • $975,000
  • Active
  •  
  • MLS® #: 5152464 
  • Morley
  • 3218 Hemlock Ave
  • Austin, TX 78722
  •   3505 Sq Ft 0.2 AC
  • Multi-Family
Office: Keller Williams Realty-RR
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516 Free Rein - MLS# 8875069
  • $950,000
  • Active
  •  
  • MLS® #: 8875069 
  • Horseshoe Bay Proper
  • 516 Free Rein
  • Horseshoe Bay, TX 78657
  •   6908 Sq Ft 0.8 AC
  • Multi-Family
Office: Horseshoe Bay Resort Realty
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4309 Red River St - MLS# 7284231
  • $875,000
  • Active
  •  
  • MLS® #: 7284231 
  • Speckels & Staehely Add
  • 4309 Red River St
  • Austin, TX 78751
  •   2862 Sq Ft 0.36 AC
  • Multi-Family
Office: Knippa Properties
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903 E Live Oak St - MLS# 9481441
  • $849,500
  • Active
  •  
  • MLS® #: 9481441 
  • Sunshine Add
  • 903 E Live Oak St
  • Austin, TX 78704
  •   2475 Sq Ft 0.27 AC
  • Multi-Family
Office: Austin Silent Market
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1912 Anita Dr - MLS# 9682651
  • $810,000
  • Active
  •  
  • MLS® #: 9682651 
  • Barton Heights B Annex
  • 1912 Anita Dr
  • Austin, TX 78704
  •   2096 Sq Ft 0.2 AC
  • Multi-Family
Office: Keller Williams Realty
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1411 Newning Ave - MLS# 3807225
  • $799,000
  • Active
  •  
  • MLS® #: 3807225 
  • Fairview Park
  • 1411 Newning Ave
  • Austin, TX 78704
  •   1834 Sq Ft 0.32 AC
  • Multi-Family
Office: The Marye Company
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2609 Hancock Dr - MLS# 2299503
  • $729,000
  • Active
  •  
  • MLS® #: 2299503 
  • Shoalmont
  • 2609 Hancock Dr
  • Austin, TX 78731
  •   1920 Sq Ft 0.21 AC
  • Multi-Family
Office: Central Metro Realty
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1304 E Cesar Chavez St - MLS# 3843706
  • $699,000
  • Active
  •  
  • MLS® #: 3843706 
  • Gary & Peck
  • 1304 E Cesar Chavez St
  • Austin, TX 78702
  •   1446 Sq Ft 0.15 AC
  • Multi-Family
Office: Keller Williams Realty
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3466 Willowrun Dr - MLS# 6780941
  • $664,900
  • Active
  •  
  • MLS® #: 6780941 
  • Willow Spgs
  • 3466 Willowrun Dr
  • Austin, TX 78704
  •   2704 Sq Ft 0.36 AC
  • Multi-Family
Office: RE/MAX Austin Skyline
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200 Butler Ranch Rd - MLS# 9908748
  • $649,000
  • Active
  •  
  • MLS® #: 9908748 
  •  
  • 200 Butler Ranch Rd
  • Dripping Springs, TX 78620
  •   4670 Sq Ft 2.2 AC
  • Multi-Family
Office: Gibson Properties
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3303 Elija St - MLS# 9363820
  • $610,000
  • Active
  •  
  • MLS® #: 9363820 
  • Kincheon
  • 3303 Elija St
  • Austin, TX 78745
  •   3450 Sq Ft 0.15 AC
  • Multi-Family
Office: Team Price Real Estate
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1410 Harvey St - MLS# 7300440
  • $589,000
  • Active
  •  
  • MLS® #: 7300440 
  • Division B
  • 1410 Harvey St
  • Austin, TX 78702
  •   2432 Sq Ft 0.24 AC
  • Multi-Family
Office: Capital Downtown REALTORS
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Market Statistics for Multi-family Listings

# Listings Average DOM Average Price Average $/SqFt Median Price Median $/SqFt Average % Reduced
Active Listings 0 0 $0 $0 $0 $0 0%
Pending Listings 0 0 $0 $0 $0 $0 0%
Sold Last 6 Months (Unlock Sold Listings) 0 0 $0 $0 $0 $0 0%

*Multi-Family Listings Market Stats are based on Austin MLS data as of December 14th, 2017 at 8:40pm CST.

Multi-family Real Estate in Austin

It seems like just about everyone wants to move to Austin these days. Jobs are lucrative and plentiful, schools are good, the culture is intriguing, and the weather is excellent. With so many newcomers interested in the area, it is no wonder there is a high demand for multi-family housing. And, along with that demand comes a rising interest in investing in multi-family properties for sale.

Austin multi-family properties for sale come in a variety of forms such as Duplexes and Fourplexes, Low-rise or garden apartments, Mid-rise apartments, Highrise Towers, Condominium buildings, Townhome Communities and Large Apartment Complexes.

Purchasing an income producing property can result in monthly cash flow, tax advantages, and appreciation. Investors who are interested in finding real estate that has a high rental return and the potential to appreciate in value. One strategy is to seek out distressed properties or owners with a plan to turn the property around with needed repairs or additional capital. In Austin’s vibrant economy and real estate market, there are few properties of this type that come to market. More likely, investors who are ready to move up to a larger property list their properties to access the capital needed for their next acquisition.

Evaluating Multi-Family Properties

Just as in a residential purchase, buyers should consider condition and location but perhaps not in the same way. The condition of the property should include not only how sound it is today, but the cost of maintaining the building, infrastructure, landscaping and amenities over an extended period. Location near a college or university, downtown entertainment district, on a bus line or near a metro station may surpass proximity to an elementary school, park or greenbelt. Amenities are critical factors in attracting tenants, but secure or covered parking and a dog park may mean more to a renter than a volleyball court or sports field. Multi-family housing near public facilities has the advantage of providing perks for residents without the need to pay for them.

Whether purchasing a single multi-family property or an entire complex, buyers get to know a cast of characters during their transaction. In addition to a Realty Austin agent, a buyer interacts with a title company, banker or finance company, insurance agent, certified public account, appraiser, surveyor, contractor(s), and a property manager. They will need to consider the math that makes this purchase feasible carefully. Working with these professionals, a buyer bases decisions on the number of units, potential or current rent and rental history, zoning and use laws, cash-flow history, and other expenses. They also consider factors such as projected growth in the area, large employers moving into town, school assignments and any planned annexation by the city.

Multi-family Properties for Sale in Austin

Investors looking to own a small residential multi-family building can find an 896-square foot fourplex or a 4,000 square foot duplex. Larger investors want to consider commercial buildings of 5 or more units. These are also available in many areas of Central Austin and neighboring towns.

Financing larger properties can take a good deal of capital and many times these deals are done in partnership with other investors or with an investment trust. Many of these entities have a long-term strategy in place for larger apartment complexes and condominium communities, and they come to market less often.

If owning a multi-family property seems like an investment opportunity you want to consider, contact a Realty Austin agent. Their expertise and careful guidance can help you identify the right property. They walk you through your options for financing, down payment, inspections, and contingencies. They also help with due diligence and order a market rent analysis. Your venture into owning a multi-family property is just beginning. Let us help you get off on the right foot.

Contact a Multi-Family Listings REALTOR® today.

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The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from December 14th, 2017 at 8:40pm CST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified.