5-Plex with Land Development
For Sale
Contact for pricing
Pending
2606 Salado St, Austin, TX 78705
An 11,000 sq ft lot with a leased 5-plex, each unit configured as 4 bed/2 bath in the UNO overlay area.
Property SizeContact for details
Lot Size0.25 Acres
Days on Market123
Property Features for 2606 Salado St
General Information
Standard status
Pending
Lot size
0.25 Acres
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
5
Listing Agency:
REspace LLC
(512) 762-8669
Listed By:
Tony Lazarov · License #TX 9005423
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Apr 12 at 8:28AM
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 REspace LLC
Investment Insights
Based on property information with market context.
The property is an 11,000 sq ft lot currently improved with a 5-plex. Each unit offers 4 bedrooms and 2 bathrooms, and all units are leased for $4,395 per month, with leases in place until July 31, 2024. The seller notes an opportunity to pre-lease each unit for $4,795 per month from August 2024 through August 2025, creating a planning window for potential redevelopment.
The site is located in the UNO overlay area of West Campus, described as a short 10-minute walk from the University of Texas in Austin. The UNO overlay regulations would apply for guidance on items such as building height, number of units, parking requirements, and other considerations.
The listing also states an option to purchase adjacent land to the left (11,000 sq ft) and the right (5,500 sq ft). If all three properties are acquired, the total described as available is 27,500 sq ft of UNO overlay land, with the possibility for a larger-scale development.
The site is located in the UNO overlay area of West Campus, described as a short 10-minute walk from the University of Texas in Austin. The UNO overlay regulations would apply for guidance on items such as building height, number of units, parking requirements, and other considerations.
The listing also states an option to purchase adjacent land to the left (11,000 sq ft) and the right (5,500 sq ft). If all three properties are acquired, the total described as available is 27,500 sq ft of UNO overlay land, with the possibility for a larger-scale development.
Key Highlights
- 11,000 sq ft lot in the UNO overlay area of West Campus, near the University of Texas in Austin
- Current 5‑plex with each unit offering 4 bedrooms and 2 bathrooms
- All units are leased for $4,395 per month with leases in place until July 31, 2024
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,580
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - An 11,000 sq ft lot with a leased 5-plex, each unit configured as 4 bed/2 bath in the UNO overlay area.
Where is this apartment building located?
The property is located at 2606 Salado St Austin, TX.
What are key features of this property?
This property features: 11,000 sq ft lot in the UNO overlay area of West Campus, near the University of Texas in Austin; Current 5‑plex with each unit offering 4 bedrooms and 2 bathrooms; All units are leased for $4,395 per month with leases in place until July 31, 2024
