Austin Multifamily Near UT
For Sale
$1,500,000
1903 E 20th St, Austin, TX 78722
12-unit apartment complex near UT, I-35, and downtown.
Property Size7,042 SF
Price / SF$213.01
Days on Market268
Property Features for 1903 E 20th St
General Information
Standard status
Active
Size
7,042 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$33,506
Listing Agency:
Evergreen Properties
(562) 697-7540
Listed By:
Ruth Hsu · License #279507
(512) 331-1122
Source:
Exprealty
Added: Jan 22
Changed: Oct 11
Last Checked: Oct 16 at 2:37PM
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 Evergreen Properties
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Investment Insights
Based on property information with market context.
This 12-unit apartment complex is located behind Disch-Falk Field. Each unit features one bedroom and one bath. The location allows for convenient access to campus by foot or bicycle, with a shuttle stop one block away. Apartment features include a full kitchen and bath, ceiling fans, and a generously sized bedroom closet. The property is in a prime location near UT, I-35, and downtown. Additional amenities include central heat and air, on-site laundry, and gated access. An open parking lot is available. The bike score is 85, indicating it is very bikeable. The walk score is 81, indicating it is very walkable. The transit score is 58, indicating good transit options.
Key Highlights
- Prime location near UT, I‑35, and downtown
- 12‑unit apartment complex, each with one bedroom and one bath
- Very Bikeable (bikeScore: 85) and Very Walkable (walkScore: 81)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,611
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,912,220
$1.9M
Cap Rate 7%
$1,365,871
$1.4M
Cap Rate 9%
$1,062,344
$1.1M
Market Conditions
NOI Build-Up for 7,042 SF
Gross rent
$183.4K $26.04/SF
− Vacancy
−$9.5K −$1.35/SF
EGI
$173.8K $24.69/SF
− OpEx
−$78.2K −$11.11/SF
NOI
$95.6K $13.58/SF
Area
Austin, TX
Vacancy
5.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,912,220
Cap Rate 7%
$1,365,871
Cap Rate 9%
$1,062,344
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.20M – $1.59M
NOI $95,611 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.76M
$2.41M – $3.22M
NOI $193,167 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,536
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - 12-unit apartment complex near UT, I-35, and downtown.
Where is this apartment building located?
The property is located at 1903 E 20th St Austin, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime location near UT, I‑35, and downtown; 12‑unit apartment complex, each with one bedroom and one bath; Very Bikeable (bikeScore: 85) and Very Walkable (walkScore: 81)
