New Listing1302 E 52nd St,Austin, TX 78723
Austin, TX 78723
Description
15-Unit Multifamily Investment + Repositioning OpportunityIn-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.
Details
| MLS # | 5972252 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1962 |
| Days On Site | 1 |
| Listing Provided By | Douglas Elliman Real Estate | Kathleen Magat |
Features
| SQ Feet | 30,420 |
|---|---|
| Building(s) | 1 |
| Acreage | 0.70 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central, Natural Gas |
| Flooring | Carpet, Laminate, Tile |
Exterior
| Foundation Details | Slab |
|---|---|
| Construction Materials | Brick Veneer, Concrete, Frame, Masonry – Partial |
| Security Features | Secured Garage/Parking |
Parking
| Parking Features | Enclosed, Gated, Off Street, Private, Reserved |
|---|
Utilities
| Utilities | Electricity Available, Electricity Connected |
|---|---|
| Sewer | Public Sewer |
Other
| List Aor | Austin Board Of Realtors |
|---|
Taxes
| Property | 48238 |
|---|
Area Information
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78723 |
| Area | 3 |
| Community Name | Ridgetop Gardens Sec 02 |
| Listing VS Median (in Ridgetop Gardens Sec 02) | |
Price: $2,495,000 low | high Med: $2,495,000 sqft: 30,420 low | high Med: 30,420 $ / sqft: $82 low | high Med: $82 On site: 1 low | high Med: 1 | |
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
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Learn More About This Property
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78723 |
| Area | 3 |
| Community Name | Ridgetop Gardens Sec 02 |
| Listing VS Median (in Ridgetop Gardens Sec 02) | |
Price: $2,495,000 low | high Med: $2,495,000 sqft: 30,420 low | high Med: 30,420 $ / sqft: $82 low | high Med: $82 On site: 1 low | high Med: 1 | |