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24-Unit Apartment Building
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1023 W 24th St, Austin, TX 78705

Built in 2003 near the University of Texas and Downtown Austin.

Property Size30,000 SF
Days on Market9

Property Features for 1023 W 24th St

General Information

Standard status Active
Size 30,000 SF
Property subtype Student Housing
Occupancy 95%

Additional Details

Multifamily Units 24

Amenities

Positioned minutes from The University of Texas, Downtown Austin, the Texas State Capitol, and Lady Bird Lake, with immediate access to MoPac and the Lamar Boulevard corridor.
A 100 percent two- and three-bedroom unit mix averaging 1,208 square feet — a scarce floor-plan profile in the urban core — with in-unit full-size washers and dryers in every residence.
A two-level under-building garage provides 61 spaces — 2.54 spaces per unit — behind motorized, remote-access entry, a decisive amenity in a parking-constrained urban submarket.

Building Details

Building Size 30,000 SF
Year Built 2003
Units 24
Listing Agency: Austin Office
Listed By: Jordan Featherston · License #License(s): TX: 647135
Source: Marcusmillichap
Added: Aug 15 Changed: Aug 21 Last Checked: Aug 23 at 2:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Austin Office

Investment Insights

Based on property information with market context.

This 24-unit apartment community was completed in 2003. The property is located at 1023 W 24th St in Austin, less than a mile from the University of Texas and minutes from Downtown Austin. Its Central Austin setting places residents near employment, retail, and lifestyle amenities.

Key Highlights

  • 24‑unit apartment community
  • Completed in 2003
  • Located at 1023 W 24th St, Austin, TX 78705

Property Analytics

Current Use

Park Place Apartment Complex

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store HVAC Service Florist Nursing Home Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24
Residential units

Location Intelligence

Trade Area within ½ mile

2,506
Businesses Nearby

Demographics for 78705, TX

36,535
Population
12,519
Households
2.9
Avg Household Size
23
Median Age
80%
College-Educated
99%
High-School Grad
2.1 sq mi
ZIP Area
17,398
Density / Sq Mi
$30,336
Median Household Income
$10,994
Median Earnings
$1,520
Median Rent
$627,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Built in 2003 near the University of Texas and Downtown Austin.
Where is this apartment building located?
The property is located at 1023 W 24th St Austin, TX.
What are key features of this property?
This property features: 24‑unit apartment community; Completed in 2003; Located at 1023 W 24th St, Austin, TX 78705
More about this property
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