8616 Putnam Dr Austin, TX 78757

This fourplex property, professionally managed since 2007, generates $6,950 per month in income with stable tenancy. The property features four walk-up, garden-style units, each approximately 1,010 sq ft, with 2 bedrooms and 1.5 baths. One unit will be vacant as of Feb 15, 2026, offering flexibility for owner occupancy or lease-up. Located in a desirable central Austin corridor, the property is minutes from The Domain, The Arboretum, major employers, retail, and transit. The location benefits from sustained rental demand and limited small multifamily supply. The fourplex structure allows a resident owner to offset housing expenses with rental income while benefiting from favorable owner-occupied multifamily financing. Long-term tenants provide predictable cash flow and reduced turnover. Capital improvements include private fenced xeriscape courtyards, steel privacy panels with metal gates, security screen doors, rekeyable locks, and a shared rear yard with cedar fencing and mature trees. Renovations completed in 2019 include four 14 SEER HVAC systems, energy-efficient windows, Hardie board siding, and a repaved parking lot with eight dedicated spaces plus street parking. Unit features include gas ranges and refrigerators, dishwasher hookups, laundry hookups, decorative fireplaces in select units, ceramic tile and vinyl plank flooring, and select patio or French doors. The property is situated on a corner lot with mature trees and low-maintenance landscaping.