UPDATED:
Key Details
Property Type Commercial
Sub Type See Remarks
Listing Status Active
Purchase Type For Sale
Square Footage 13,117 sqft
Price per Sqft $362
Subdivision Koenig Place
MLS Listing ID 7679878
Year Built 2009
Annual Tax Amount $81,350
Tax Year 2026
Lot Size 0.750 Acres
Acres 0.75
Property Sub-Type See Remarks
Source actris
Property Description
Property Info:
• Properties: 5 x single family homes each with 6 bedrooms, 4 bathrooms and private outdoor living.
• Avg SF: 2,623
• Year Completed: 2009 – 2012
• Occupancy: 100%
Highlights
• Asking $4.75M which is a 5.8% cap rate on T12 and 6% cap on proforma
• Consistently leased with 5-10% annual increases
• Convenient Central Austin location – particularly attractive to young professionals and UT students. Minutes from several hospitals, numerous retail and entertainment hubs and higher education institutions. This is the epicenter of Austin, TX.
• Average / Median sale price of a similar sized single-family home within a 1-mile radius over last 12 months was $1.27M ($505psf) / $1.25M ($532psf) which is at least 30% higher than the asking price for the Hyde Park / North Loop SFH portfolio.
Austin Highlights:
• Austin was the #1 best-performing Top 50 U.S. metro for job growth in 2025
• Austin population grew nearly 15% from 2020 – 2025 = the fastest of any US metro with more than 1M residents.
• Austin Area Median Family Income is now $134,000
• Austin has the second-lowest rent-to-income ratio in the country (~17%) which is the lowest level in at least 20 years
Location
State TX
County Travis
Area 4
Zoning SF-3
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Sewer Connected
View None
Total Parking Spaces 20
Building
Story 2
Foundation Slab
Structure Type Brick Veneer,HardiPlank Type,Wood Siding,Stone
New Construction No
Others
Restrictions None
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, FMHA
Listing Terms Cash, Conventional, 1031 Exchange, FHA, FMHA
Special Listing Condition Standard
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Victor Aguilar
Agent/Team Lead License ID: 0653089
Agent/Team Lead License ID: 0653089