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$2,375,000
7697685 MLS ⋅ 78745 Zip Code
Gillis Place Apartments presents a rare value-add multifamily opportunity in the heart of South Austin, just minutes from St. Elmo, South Congress, and Downtown Austin. Offered at $98,958 per unit, the property is priced below the 2026 assessed value and includes an assumable fixed at 3.57% through August 2030, subject to lender approval. In today’s financing environment, the ability to assume long-term agency debt at this rate provides a significant competitive advantage and meaningfully reduces the cost of capital. The property consists of 24 identical one-bedroom, one-bathroom units, each approximately 500 square feet, creating a highly efficient operating model with a single floor plan, consistent maintenance requirements, and straightforward renovation execution. The community is currently 87.5% occupied, with the next lease already signed. Based on the seller’s underwriting, stabilized NOI is projected at approximately $182,000, representing an estimated 7.3% yield on total project cost in a market where comparable assets continue to trade near 5.5% capitalization rates. The existing loan balance of approximately $1.050 million represents roughly 43% leverage, requiring approximately $1.35 million of equity to complete the assumption. This structure is particularly attractive for 1031 exchange buyers, private investors seeking immediate financing certainty, and equity-rich operators looking to capitalize on below-market debt that is increasingly unavailable in today’s lending environment. The OM, current rent roll, trailing financials, and loan assumption package are available upon execution of a Confidentiality Agreement. Property tours are available by appointment only. Offers will be reviewed as received. All information contained herein has been obtained from sources deemed reliable but has not been independently verified.

4314 Gillis St, Austin
$275,000
2 Beds ⋅ 1 Baths ⋅ 6273321 MLS ⋅ 78745 Zip Code
Welcome to 4805 Richmond Avenue Unit B, a rare South Austin opportunity that lives like a private home with the simplicity first time buyers are looking for. This 2 bedroom, 1 bathroom condo offers the freedom of no monthly HOA fees while still being part of a small two unit condominium regime with shared common elements split 50 50. Inside, the updated kitchen opens to a layout that feels significantly larger than the photos show. There is space for a small dining table, comfortable living area, and two generously sized bedrooms with plenty of room to truly spread out. With no carpet throughout, the home feels clean, modern, and easy to maintain. Step outside and you will find one of the best features of the property. Over 30,000 has been invested in a thoughtfully designed xeriscaped backyard, creating a private, low maintenance retreat that is perfect for entertaining, pets, or simply enjoying a quiet evening at home. The heated cowboy pool, with approximately 10,000 invested, turns the yard into your own personal oasis year round. You also have designated parking and charming front landscaping that adds to the curb appeal. Located in the heart of 78745, you are minutes from St Elmo, South Congress, South First, Central Market, local coffee shops, restaurants, and quick access to 290 and 71 for an easy commute. For a first time buyer wanting space, style, and a backyard that truly sets it apart, or for anyone looking to own in South Austin without monthly HOA dues, this home is an exceptional find.

4805 Richmond Ave Unit B, Austin
$210,000
1 Beds ⋅ 1 Baths ⋅ 6688885 MLS ⋅ 78704 Zip Code
Welcome to a beautifully renovated South Austin Condo located in one of the most desirable pockets of 78704. This updated, turnkey unit offers modern comfort, a gated community, and rare short-term rental approval, making it perfect for both homeowners and investors. Step inside to a bright, efficient layout featuring stylish finishes, updated flooring, modern fixtures, and a clean, contemporary feel throughout. The condo includes a comfortable bedroom, a spacious living area, and a full kitchen, along with thoughtful upgrades such as high-speed internet access, TV setups in both rooms, and the option to purchase fully furnished—making it completely move-in or guest-ready from day one. The community provides exceptional convenience with gated access, free resident and guest parking, and an on-site laundry facility. Residents also enjoy access to a refreshing community pool, landscaped grounds, and a quiet, wellmaintained environment just minutes from Downtown Austin, South Congress, Zilker Park, Lady Bird Lake, and some of Austin’s best restaurants, music venues, and nightlife. Whether you’re looking for a private Austin retreat, a lockand-leave residence, or a fully operational short term rental in a high-demand location, this property delivers flexibility, location, and turnkey readiness. A rare opportunity in 78704—modern living, gated security, strong investment potential, and unmatched proximity to the best of Austin. Seller may offer buyer incentives subject to negotiation.

2302 East Side Dr Unit 6, Austin
$2,200,000
1789285 MLS ⋅ 78745 Zip Code
Stabilized investment opportunity. 5,531 sf stone building on .371 acres. Immediately adjacent to hard corner (W Ben White Blvd. & Menchaca Rd.) Fully fenced and gated with private, paved parking lot. New roof. Two tenants, both NNN leases. NOI exceeding $100,000.00.

4403 Menchaca Rd, Austin
$469,900
1 Beds ⋅ 2 Baths ⋅ 6452395 MLS ⋅ 78704 Zip Code
Steps from Barton Springs where you can easily take your paddleboard, and walkable to the legendary South Lamar dining, this high-demand submarket asset is uniquely positioned to capture peak ADR and exceptional occupancy premiums. INVESTOR ALERT: High-yield asset in Austin's premier urban lifestyle (78704). Located in Zilker Flats—offering walking distance to Zilker Park with an unrestricted short-term rental covenant—this modern, low-maintenance unit underwent an extensive renovation in 2022. A two-story floor plan featuring 1 bedroom, 1.5 bathrooms, stainless steel appliances and a light-filled interior. Complete with 2 reserved parking spaces, this property is optimized for maximum cash flow and immediate platform onboarding.

1206 Hollow Creek Dr Unit 1, Austin
$290,000
2 Beds ⋅ 2 Baths ⋅ 9568590 MLS ⋅ 78704 Zip Code
This home is located close to downtown and right off South Lamar without the hustle and bustle. This beautifully remodeled home offers the best of both worlds: easy access to everything Austin has to offer, tucked into a comfortable, welcoming setting. Remodeled within the last three years with all the major items already taken care of, this home features a stunning kitchen with updated appliances, fresh flooring throughout, a new roof installed in 2026, and a hot water tank just three years young. The spacious, light-filled layout welcomes you the moment you step inside, with a gorgeous downstairs flooded with natural light. Retreat upstairs to the primary bedroom, which opens to a private patio which is the perfect spot for morning coffee, afternoon sunshine, evening cocktails, or a quiet reading nook. A second patio at the back of the unit overlooks lush green space and is ideal for hosting friends and family. Enjoy fantastic HOA amenities including a community pool, ample shared yard space for pets, and inviting outdoor grill and fire pit areas. Parking is never a worry with two assigned spaces plus additional parking off the back patio. With quick access to the highway and major thoroughfares, downtown is just minutes away. You'll be surrounded by beloved local attractions like Radio Coffee, neighborhood restaurants, Pilates studios, thrift stores, convenient bus lines, and so much more. It's the perfect blend of comfort, convenience, and community. Don't miss your chance to call this stunning property home!

3809 Menchaca Rd Unit C, Austin
$395,000
8301638 MLS ⋅ 78748 Zip Code
2 OFFICE CONDOS FOR $200K EACH!!! Located in busy south Austin. Units are adjacent and can be combined. Or use one and rent out the other! 610 square foot each unit, 1,220 combined. New roof & 1 HVAC. Flooring and Bathroom Updates. $475 POA dues pays water and wastewater as well as Common Area Maintenance for both units.

2015 Monarch Dr Unit C&D, Austin
$1,400,000
6846833 MLS ⋅ 78735 Zip Code
Beautifully appointed condo suite located within a private, gated office condo community in highly desirable South Austin. Thoughtfully designed for both functionality and professional appeal, the suite features several private offices, two restrooms, a welcoming reception area, dedicated lobby/waiting area, break room, abundant storage and cabinetry, and an open workspace ideal for collaboration. This flexible layout easily accommodates a wide range of users—including medical, dental, aesthetic, legal, lending, and general office—offering a polished environment that makes a strong impression for both clients and team members alike. Ideally positioned along Southwest Parkway, the property provides exceptional accessibility to South Austin, Lakeway, Downtown Austin, and the surrounding Hill Country, making it a highly convenient hub for both employees and clientele. The gated community offers ample parking, including two reserved covered spaces, along with access to an on-site fitness center complete with showers and a scenic walking path—blending everyday practicality with added lifestyle amenities.

5900 Southwest Pkwy Unit 401, Austin
$165,000
1 Beds ⋅ 1 Baths ⋅ 1133061 MLS ⋅ 78745 Zip Code
Freshley Painted and updated Condo in the vibrant heart of South Austin! This conveniently located condo is situated just off the intersection of Westgate and William Cannon, offering unparalleled accessibility to all your local necessities. Close to shopping, dining, groceries, entertainment, or need to hop on public transportation, it's all within a short walk from your doorstep. Plus, with a quick 15-minute drive, you can be in the downtown Austin area, enjoying all the city has to offer. A bright and open interior and gorgeous wood-like vinyl flooring. The kitchen is equipped with stainless steel appliances, chic dual-toned cabinetry, and contemporary accents. One of the standout features of this condo is the balcony. The primary bedroom is spacious, and the large walk-in closet provides ample storage space. The condo includes and in suite stackable washer/dryer and Refrigerator the Flagstone condo community offers the perfect blend of location, style, and functionality. Great Opportunity for an investor

6903 Deatonhill Dr Unit 2, Austin
$1,400,000
4617636 MLS ⋅ 78704 Zip Code ⋅ Southwood BLDG.
This is the kind of asset in Bouldin Creek that has strong upside .35 acres zoned MF 4, sitting less than two miles from downtown Austin in one of 512's most land-constrained neighborhoods.The play here is straightforward: collect rent today, capture upside tomorrow. Current rents are running well below market on a mix of four 1BD/1BA and two 2BD/1BA units - meaning a new owner can generate immediate returns through light renovation and a rent reset, or simply hold and let the land appreciate while Austin's density pressure does the work. The land story is real. MF-4 zoning allows 6+ additional units with height up to 60 feet. Feasibility study on hand to get an idea of potential yields. Whether you're a private investor looking for a stabilized Bouldin Creek hold, a developer eyeing a ground-up play, or a 1031 buyer needing a low-friction close - this checks the box.

2411 S 5th St, Austin
$675,000
4 Beds ⋅ 2 Baths ⋅ 7090520 MLS ⋅ 78745 Zip Code
Set on an expansive 0.42-acre lot in the heart of South Austin, this four-bedroom, two-bath residence offers a rare opportunity to create a true urban farmstead while enjoying the comfort of a fully modernized home. The existing structure has been taken down to the studs and rebuilt through a comprehensive, fully permitted remodel, with all major systems recently updated, providing a solid foundation for immediate living. Zoned SF3, the property invites future development, whether that means adding additional structures, guest quarters, studios, or thoughtfully expanding the homestead over time. With ample land for gardens, orchards, chickens, or outdoor gathering spaces, this property blends the freedom of acreage with the convenience of city living. A compelling canvas for those seeking space, sustainability, and long-term potential, all just minutes from South Austin’s dining, culture, and energy.

7702 Wynne Ln, Austin
$205,000
2 Beds ⋅ 2 Baths ⋅ 7488660 MLS ⋅ 78745 Zip Code
Updated and well-located condo in the desirable Cherry Creek neighborhood of South Austin, featuring high ceilings and available furnished or unfurnished to fit your needs. The home offers updated flooring, modern window coverings, and a stylish kitchen backsplash for a fresh, move-in-ready feel. The unit is wheelchair accessible and tucked away in a private location within the community, with a spacious front yard area that provides added privacy and separation from neighboring units. Enjoy a low-maintenance, lock-and-leave lifestyle with convenient access to major roadways, shopping, dining, and everyday amenities. This property is part of an Affordable Housing Program. Buyer must meet income and eligibility requirements and comply with applicable program guidelines, approval processes, and resale restrictions. For additional information, contact the listing agent.

8601 West Gate Blvd Unit 4104, Austin
$265,000
2 Beds ⋅ 2 Baths ⋅ 3277542 MLS ⋅ 78745 Zip Code
*Approved for short sale* Stylish end unit townhome with modern upgrades in a prime location. Beautifully updated, a unique blend of style, quality, and convenience. Enjoy a spacious front yard and a private, secluded patio. The open floor plan features a cozy fireplace with a vaulted ceiling, luxury vinyl wood flooring throughout and abundant natural light. The modern kitchen boasts stainless steel appliances, sleek polished concrete countertops, and solid upgraded cabinetry. Brand new downstairs shower and bathroom vanity. Upstairs, retreat to a private en-suite with generous closet space, ample storage, vaulted ceilings and recently updated bathroom vanity. Thoughtful upgrades at every turn and 100% turn-key. Located on vibrant, south 1st street, a stones throw from the '04 and just minutes to downtown, this is city living at its best—don’t miss out! **Appointment Only, please give the owner at least 2 hours notice, 24 hours preferred to show.**

4307 1st St Unit 101, Austin