Great 4 plex fully leased near the Domain and Q2 Stadium. Lots of nice improvements, list in attachments. Do not disturb the tenants without a contract. On site manager runs the HOA and keeps an eye on things. Water is billed to the owner and billed to the tenants. All units are 2 Bedroom, 2 baths. Outstanding investment potential in Northwest Austin in a highly sought-after area . Presenting an immediate income stream. This multi-family asset offers an exceptional portfolio addition for savvy investors. Inside, rich wood-look plank flooring anchors a sunlit open-concept living. The highly functional galley kitchens features bright white cabinetry, durable countertops and clean white appliances, complemented by a window overlooking the grounds. Beyond the property, this high-demand rental corridor is minutes from major tech employers, The Domain, US-183, and Mopac Expressway, residents enjoy effortless commutes along with seamless access to local parks, dining, and retail hubs.
North Austin, located between U.S. 183 and MoPac Expressway, is a residential and commercial Austin neighborhood with mid-century ranch streets and big-box corridors. The neighborhood’s character concentrates around the Burnet Rd and W Anderson Ln intersection, where taquerias, indie shops, and low-key bars sit beside everyday errands. Local pillars include the Austin FC scene at Q2 Stadium, the live-music calendar at The Domain’s ACL Live at The Moody Theater, and the craft-beer tap list at Celis Brewery. Housing ranges from 1960s brick homes to newer townhomes near transit lines. Sidewalk pockets and pocket parks thread through creeks and school campuses. Major arterials frame the area, while smaller streets keep a quieter, lived-in feel.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Accessible stairway and hand rails
Multiple primary suites
Has fireplace (4 total, located in great room)
Bedrooms
Four 2-bedroom units (Units A, B, C, D)
Bathrooms
Each unit has 2 full bathrooms
Kitchen
Electric oven
Laundry & utility
Laundry room
Flooring
Carpet
Laminate
Heating & cooling
Central heating
Central air conditioning
Exterior features
Balcony
Patio
Porch
Private yard
Front yard
Wood fencing
Home design
2-story building
Faces northwest
Resale property
Parking
Outside parking (8 spaces)
Security
Smoke detectors
Construction
Frame construction with HardiPlank-type siding
Composition roof
Slab foundation
Built (year per public records)
Utilities
Electricity connected
Public water
Public sewer
HOA & community
Homeowners association (Villas on Walnut Creek)
Association fee $318 per month (includes common area maintenance and trash)
Financial info
Total actual rent: $4,645
Unit A actual rent $1,500 (deposit $1,500) — leased (lease expires July 30, 2027)
Unit B actual rent $1,000 (deposit $1,000) — leased (lease expires July 23, 2027)
Unit C actual rent $1,145 (deposit $1,120) — leased (lease expires July 22, 2027)
Unit D actual rent $1,000 (deposit $1,000) — leased (lease expires July 30, 2027)
Other
Owner pays association fees
Pets allowed with size limit
Electricity and solar
View estimated energy costs and solar savings for this home
Enjoy strong stabilized rents @4065/mo w/ proven value add upside potential. One premium unit w/ quartz counters, cabinets & ss appls at 1150/mo. Recent interior make readies on 3 units. Major capital improvements incl: 30 yr roof (2015); 4 HVAC units (2018, 2015, 2014, 2013); replaced rotted siding & facia boards (2015); replaced window trim (2015); full exterior repaint (2015). All 2bd/2ba units. Premium location in booming north Austin submarket, mins to new soccer stadium & the Domain. Pre-inspected. FEMA - Unknown Restrictions: Yes
Planned unit development (PUD) district is the designation for a large or complex single or multi-use development that is planned as a single contiguous project and that is under unified control. The purpose of a PUD district designation is to preserve the natural environment, encourage high quality development and innovative design, and ensure adequate public facilities and services for development within a PUD. A PUD district designation provides greater design flexibility by permitting modifications of site development regulations. Development under the site development regulations applicable to a PUD must be superior to the development that would occur under conventional zoning and subdivision regulations. A PUD district must include at least 10 acres of land, unless the property is characterized by special circumstances, including unique topographic constraints.
Permitted uses
Include but are not limited to:
Agriculture-Other
Garden center
Agriculture-Cropland
Mar 1, 2022 • Final
Building
Replace the siding on a building.
Remodel
Sep 1, 2016 • Final
Plumbing
Install sub meters on the domestic water lines for an existing fourplex.
Plumbing
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Local insights from Redfin agents
North Austin is interesting because it's being shaped by the tech corridor more than almost anywhere else in Austin. Buyers are looking for the convenience, commute times, and value. Convenience is becoming just as important as square footage. Buyers...