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Austin Multi-family Listings

909 Milford Way - MLS# 4320964
  • $420,000
  • Active
  •  
  • MLS® #: 4320964 
  • Milford Oaks
  • 909 Milford Way
  • Austin, TX 78745
  •   1971 Sq Ft 0.19 AC
  • Multi-Family
Office: REILLY, REALTORS®
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222 Sailmaster St - MLS# 6116080
  • $415,000
  • Active
  •  
  • MLS® #: 6116080 
  • Lohmans Crossing Estates
  • 222 Sailmaster St
  • Lakeway, TX 78734
  •   2180 Sq Ft 0.25 AC
  • Multi-Family
Office: Realty Austin
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2620 Howellwood Way - MLS# 4229403
  • $370,000
  • Active
  •  
  • MLS® #: 4229403 
  • Tanglewood Forest
  • 2620 Howellwood Way
  • Austin, TX 78748
  •   1902 Sq Ft 0.23 AC
  • Multi-Family
Office: Realty Austin
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2712 Windswept Cv - MLS# 5717992
  • $610,000
  • Pending
  • Taking Backups
  • MLS® #: 5717992 
  • West Gate West
  • 2712 Windswept Cv
  • Austin, TX 78745
  •   3344 Sq Ft 0.16 AC
  • Multi-Family
Office: Realty Austin
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2008 West Loop - MLS# 9160463
  • $545,000
  • Pending
  • Taking Backups
  • MLS® #: 9160463 
  • Villas On Walnut Creek
  • 2008 West Loop
  • Austin, TX 78758
  •   3908 Sq Ft 0.16 AC
  • Multi-Family
Office: Realty Austin
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9703 Roxanna Dr - MLS# 3984453
  • $525,000
  • Pending
  • Taking Backups
  • MLS® #: 3984453 
  • Tanglewood Forest
  • 9703 Roxanna Dr
  • Austin, TX 78748
  •   3120 Sq Ft 0.2 AC
  • Multi-Family
Office: Realty Austin
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703 Ramble Ln - MLS# 1900209
  • $419,000
  • Pending
  • Taking Backups
  • MLS® #: 1900209 
  • Salem Village
  • 703 Ramble Ln
  • Austin, TX 78745
  •   2097 Sq Ft 0.2 AC
  • Multi-Family
Office: REILLY, REALTORS®
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2304 Tern Cir - MLS# 4496927
  • $399,999
  • Pending
  • Taking Backups
  • MLS® #: 4496927 
  • Peppertree Park
  • 2304 Tern Cir
  • Austin, TX 78744
  •   1914 Sq Ft 0.27 AC
  • Multi-Family
Office: Realty Austin
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5401 W Fitzhugh Rd - MLS# 2743135
  • $2,989,500
  • Active
  •  
  • MLS® #: 2743135 
  • Madrone Ranch & Ii-b
  • 5401 W Fitzhugh Rd
  • Dripping Springs, TX 78620
  •   2385 Sq Ft 7.59 AC
  • Multi-Family
Office: CTI Real Estate Service, Inc
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2400 Jarratt Ave - MLS# 1897628
  • $1,900,000
  • Active
  •  
  • MLS® #: 1897628 
  • Pemberton Heights
  • 2400 Jarratt Ave
  • Austin, TX 78703
  •   2900 Sq Ft 0.19 AC
  • Multi-Family
Office: Keller Williams Realty
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2402 Jarratt Ave - MLS# 2843728
  • $1,900,000
  • Active
  •  
  • MLS® #: 2843728 
  • Pemberton Heights
  • 2402 Jarratt Ave
  • Austin, TX 78703
  •   2450 Sq Ft 0.19 AC
  • Multi-Family
Office: Keller Williams Realty
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1305 Lorrain St - MLS# 5311418
  • $1,775,000
  • Active
  •  
  • MLS® #: 5311418 
  • Enfield A
  • 1305 Lorrain St
  • Austin, TX 78703
  •   3314 Sq Ft 0.46 AC
  • Multi-Family
Office: 3 Creeks Real Estate, LLC
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815 W Mary St - MLS# 8937259
  • $1,599,900
  • Active
  •  
  • MLS® #: 8937259 
  • Bouldin James E Add
  • 815 W Mary St
  • Austin, TX 78704
  •   3275 Sq Ft 0.19 AC
  • Multi-Family
Office: Kuper Sotheby's Itl Rlty
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1144 Gunter St - MLS# 2316586
  • $1,557,600
  • Active
  •  
  • MLS® #: 2316586 
  • South Acre Resub Of Lt A
  • 1144 Gunter St
  • Austin, TX 78721
  •   5664 Sq Ft 0.23 AC
  • Multi-Family
Office: Keller Williams Realty-RR
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1703 Summit View Pl - MLS# 1667482
  • $1,329,900
  • Active
  •  
  • MLS® #: 1667482 
  • Enfield C
  • 1703 Summit View Pl
  • Austin, TX 78703
  •   3944 Sq Ft 0.27 AC
  • Multi-Family
Office: eXp Realty LLC
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5005 Lynnwood St - MLS# 8049458
  • $1,300,000
  • Active
  •  
  • MLS® #: 8049458 
  • Rosedown
  • 5005 Lynnwood St
  • Austin, TX 78756
  •   3750 Sq Ft 0.21 AC
  • Multi-Family
Office: Juice Homes, LLC
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508 Elmwood Pl - MLS# 3930921
  • $1,250,000
  • Active
  •  
  • MLS® #: 3930921 
  • College Court
  • 508 Elmwood Pl
  • Austin, TX 78705
  •   2716 Sq Ft 0.16 AC
  • Multi-Family
Office: Ely Properties, Inc.
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  • $1,199,000
  • Active
  •  
  • MLS® #: 4335829 
  • Crosswind
  • 3605 Crosswind A/b Dr
  • Spicewood, TX 78669
  •   2700 Sq Ft 0.99 AC
  • Multi-Family
Office: Moreland Properties
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1104 Country Ln - MLS# 9540749
  • $1,177,500
  • Active
  •  
  • MLS® #: 9540749 
  • Geronimo Leal 2/3 League Abs
  • 1104 Country Ln
  • Marion, TX 78124
  •   11008 Sq Ft 6.13 AC
  • Multi-Family
Office: Bliss Real Estate llc
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810 W 32nd St - MLS# 9718061
  • $995,000
  • Active
  •  
  • MLS® #: 9718061 
  • Penn Smyth
  • 810 W 32nd St
  • Austin, TX 78705
  •   2945 Sq Ft 0.12 AC
  • Multi-Family
Office: Compass RE Texas, LLC
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1705 E 38th St - MLS# 6730337
  • $949,000
  • Active
  •  
  • MLS® #: 6730337 
  • Giles Place
  • 1705 E 38th St
  • Austin, TX 78722
  •   2993 Sq Ft 0.24 AC
  • Multi-Family
Office: Moreland Properties
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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 February 21st, 2019 at 9:10am 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 February 21st, 2019 at 9:10am 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.

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