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$2,495,000
Est. payment /mo
30,420 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 30,420 sqft
Price per Sqft $82
Subdivision Ridgetop Gardens Sec 02
MLS Listing ID 5972252
Year Built 1962
Annual Tax Amount $48,238
Tax Year 2026
Lot Size 0.698 Acres
Acres 0.6983
Property Sub-Type Multi Family
Source actris
Property Description
15-Unit Multifamily Investment + Repositioning Opportunity
In-Place Income | Strategic Infill Location | Multiple Value-Creation Paths
1302 E 52nd St presents a rare opportunity to acquire an existing 15-unit multifamily asset with in-place income and multiple potential paths for future value creation. Positioned in a strategic Central Austin infill location near Mueller, the property offers investors the ability to generate income today while evaluating opportunities to enhance operations or reposition the asset over time.
With established in-place tenancy, the property provides immediate rental income while preserving flexibility for its next chapter. Beyond optimizing the existing multifamily operation, the property's location and configuration may appeal to investors exploring alternative residential operating models, supportive or workforce housing, mid-term or co-living concepts, or longer-term conversion or redevelopment strategies, subject to applicable zoning, approvals and buyer due diligence.
Directly across the street, SAFE's Lancaster development adds another dimension to the property's evolving surroundings. The location also provides convenient access to Mueller, Dell Children's Medical Center, the University of Texas and Dell Medical District, Downtown Austin, and major transportation corridors including I-35 and US-290.
Nearby Mueller offers a significant concentration of retail, dining, recreation, healthcare and employment, including Mueller Lake Park, the Mueller Farmers' Market, Alamo Drafthouse and a growing mix of restaurants and neighborhood amenities.
For the investor looking beyond today's operations, 1302 E 52nd presents something increasingly difficult to replicate in Central Austin: an existing income-producing multifamily property in an established infill location with the flexibility to consider multiple strategies for its next chapter.
Financial information and additional property details are available upon request.
In-Place Income | Strategic Infill Location | Multiple Value-Creation Paths
1302 E 52nd St presents a rare opportunity to acquire an existing 15-unit multifamily asset with in-place income and multiple potential paths for future value creation. Positioned in a strategic Central Austin infill location near Mueller, the property offers investors the ability to generate income today while evaluating opportunities to enhance operations or reposition the asset over time.
With established in-place tenancy, the property provides immediate rental income while preserving flexibility for its next chapter. Beyond optimizing the existing multifamily operation, the property's location and configuration may appeal to investors exploring alternative residential operating models, supportive or workforce housing, mid-term or co-living concepts, or longer-term conversion or redevelopment strategies, subject to applicable zoning, approvals and buyer due diligence.
Directly across the street, SAFE's Lancaster development adds another dimension to the property's evolving surroundings. The location also provides convenient access to Mueller, Dell Children's Medical Center, the University of Texas and Dell Medical District, Downtown Austin, and major transportation corridors including I-35 and US-290.
Nearby Mueller offers a significant concentration of retail, dining, recreation, healthcare and employment, including Mueller Lake Park, the Mueller Farmers' Market, Alamo Drafthouse and a growing mix of restaurants and neighborhood amenities.
For the investor looking beyond today's operations, 1302 E 52nd presents something increasingly difficult to replicate in Central Austin: an existing income-producing multifamily property in an established infill location with the flexibility to consider multiple strategies for its next chapter.
Financial information and additional property details are available upon request.
Location
State TX
County Travis
Interior
Heating Central, Natural Gas
Cooling Central Air
Flooring Carpet, Laminate, Tile
Fireplace No
Exterior
Utilities Available Electricity Available, Electricity Connected
Total Parking Spaces 21
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick Veneer,Concrete,Frame,Masonry – Partial
New Construction No
Others
Special Listing Condition Standard
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Listed by Douglas Elliman Real Estate
NEARBY SCHOOL & BUSINESS
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