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Bouldin Creek Multifamily Investment Opportunity

2411 S 5th St, Austin, TX 78704

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For Sale

$1,550,000

Multifamily property in prime location with significant upside potential.

Type:Commercial

Lot size:

0.35 Acres

HighLights

Prime Bouldin Creek location, less than two miles from downtown Austin.
Significant development potential with MF‑4 zoning allowing 6+ additional units and up to 60 feet height.
Immediate income potential through rent increases after light renovations.
.35 acre lot in a land‑constrained, high‑demand neighborhood.
Mix of four 1BD/1BA and two 2BD/1BA units currently generating rental income.
Feasibility study available to assess potential development yields.

We can help!

Listing Contact

Brett Silverman

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For Sale

$1,550,000

Multifamily property in prime location with significant upside potential.

Type:Commercial

Lot size:

0.35 Acres

Added:: Apr 24, 2026
Days on Market:: 57
Last Refresh:: Apr 24 at 3:16 pm

Property Features for 2411 S 5th St

General Information

Standard status: Active
Lot size: 0.35 Acres
Property subtype: Commercial

Building Details

Year Built: 1960

We can help!

Listing Contact

Brett Silverman

Listing agent Brett Silverman License #638589

Listing office ATX Properties

Listing date Apr 24, 2026

Source Elliman

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 ATX Properties

HighLights

Prime Bouldin Creek location, less than two miles from downtown Austin.
Significant development potential with MF‑4 zoning allowing 6+ additional units and up to 60 feet height.
Immediate income potential through rent increases after light renovations.
.35 acre lot in a land‑constrained, high‑demand neighborhood.
Mix of four 1BD/1BA and two 2BD/1BA units currently generating rental income.
Feasibility study available to assess potential development yields.

Overview

Located in the highly desirable Bouldin Creek neighborhood, less than two miles from downtown Austin, this multifamily property presents a compelling investment opportunity. The 0.35-acre site is zoned MF-4, allowing for the construction of 6+ additional units with a height of up to 60 feet. The property currently features a mix of four 1BD/1BA and two 2BD/1BA units. Existing rents are below market value, offering immediate returns through light renovation and rent adjustments. Alternatively, the property can be held for long-term land appreciation as Austin's density increases. A feasibility study is available to assess potential yields. The location has a bike score of 64, indicating it is bikeable, a walk score of 41, indicating car-dependent, and a transit score of 43, indicating some transit options are available. This property is suitable for private investors seeking a stabilized Bouldin Creek asset, developers considering a ground-up project, or 1031 exchange buyers.

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

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Local Demand

City: Austin
County: Hays
State: Texas
Longitude: -97.7643145
Latitude: 30.2430172

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For sale
Apartment buildings
TX
Austin
78704
2411 S 5th St

What type of property is this?

Apartment building - Multifamily property in prime location with significant upside potential.

Where is this apartment building located?

The property is located at 2411 S 5th St Austin, TX.

What is the asking price?

The asking price for this property is $1,550,000.

What are key features of this property?

This property features: Prime Bouldin Creek location, less than two miles from downtown Austin.; Significant development potential with MF‑4 zoning allowing 6+ additional units and up to 60 feet height.; Immediate income potential through rent increases after light renovations.