Boutique 74-Unit Apartment
For Sale
Contact for pricing
1230 38th 1/2 St, Austin, TX 78722
Boutique 74-unit apartment community offered for fee-simple purchase in central Austin.
Property SizeContact for details
Days on Market126
Property Features for 1230 38th 1/2 St
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
74
Listing Agency:
Walker & Dunlop, Inc.
Listed By:
Spencer Roy · License #TX 738683
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 7:01AM
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 Walker & Dunlop, Inc.
Investment Insights
Based on property information with market context.
Delwood Station Apartments is a boutique 74-unit apartment community offered for fee-simple interest. The property is described as well maintained and cash flowing, providing a straightforward investment structure for qualified buyers.
Located in an infill area of central Austin, Delwood Station Apartments is presented as having immediate access to major employment hubs, The University of Texas, and the Mueller Redevelopment. The offering materials note that the East Austin submarket is a top-performing area, citing 5.5% rent growth over the prior 12 months. The remarks also reference significant planned office development in East Austin, with over 600,000 SF delivering soon and nearly 1,000,000 SF planned, positioning the location to continue benefiting from expanding employment and rental demand.
For investors seeking a smaller-format, fee-simple multifamily asset, Delwood Station Apartments is being marketed as a well maintained community in a dynamic central Austin setting.
Located in an infill area of central Austin, Delwood Station Apartments is presented as having immediate access to major employment hubs, The University of Texas, and the Mueller Redevelopment. The offering materials note that the East Austin submarket is a top-performing area, citing 5.5% rent growth over the prior 12 months. The remarks also reference significant planned office development in East Austin, with over 600,000 SF delivering soon and nearly 1,000,000 SF planned, positioning the location to continue benefiting from expanding employment and rental demand.
For investors seeking a smaller-format, fee-simple multifamily asset, Delwood Station Apartments is being marketed as a well maintained community in a dynamic central Austin setting.
Key Highlights
- Fee‑simple opportunity to purchase Delwood Station Apartments, a boutique 74‑unit apartment community.
- Central Austin location with immediate access to major employment hubs, The University of Texas, and the Mueller Redevelopment.
- East Austin submarket saw 5.5% rent growth over the last 12 months, supporting local rental demand.
Property Analytics
Current Use
Lease Details
74
Residential units
Location Intelligence
Trade Area within ½ mile
1,653
Businesses Nearby
Explore this area
Business Placement
Demographics for 78722, TX
6,618
Population
3,278
Households
2
Avg Household Size
35
Median Age
69%
College-Educated
98%
High-School Grad
1.4 sq mi
ZIP Area
4,727
Density / Sq Mi
$101,034
Median Household Income
$66,107
Median Earnings
$1,837
Median Rent
$661,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Boutique 74-unit apartment community offered for fee-simple purchase in central Austin.
Where is this apartment building located?
The property is located at 1230 38th 1/2 St Austin, TX.
What are key features of this property?
This property features: Fee‑simple opportunity to purchase Delwood Station Apartments, a boutique 74‑unit apartment community.; Central Austin location with immediate access to major employment hubs, The University of Texas, and the Mueller Redevelopment.; East Austin submarket saw 5.5% rent growth over the last 12 months, supporting local rental demand.
