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32-Unit Gated Townhome Community

5201 East Martin Luther King Junior Boulevard, Austin, TX 78721

For Sale
Contact for pricing

Each residence offers three bedrooms, 2.5 baths, a fenced yard, two carport spaces and an installed EV charger.

Property SizeContact for details
Lot Size2.70 Acres
Days on Market47

Property Features for 5201 East Martin Luther King Junior Boulevard

General Information

Standard status Active
Lot size 2.70 Acres
Property subtype Multifamily

Financials

Asking Price $20,000,000
Opportunity Zone Yes

Site & Location

Neighborhood Mlk
Highway Access Yes
Road Access Yes
Public Transit Yes

Units

Unit Mix 32 x 3BR/2.5BA
Multifamily Units 32
Parking per Unit 2

Additional Details

Sprinkler System Yes

Amenities

gated community
private fenced yard
storage
EV charger
rooftop terrace
walking trails
rainwater harvesting

Building Details

Stories 3
Listing Agency: The National Realty Group, Inc.
Listed By: Zain Shenwari · License TX #723632
Source: Crexi
Added: Sep 25 Changed: Nov 10 Last Checked: Nov 10 at 2:35PM

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 The National Realty Group, Inc.

Rey
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Investment Insights

Based on property information with market context.

This newly completed East Austin community comprises 32 three-bedroom townhomes across approximately 2.7 acres. Each residence has 2.5 baths, and the two three-story floor plans range from 1,590 SF to 1,996 SF. The Perch plan includes a private rooftop terrace; the Nest plan has a ground-level flex room. Homes also feature fenced yards, two carport spaces, storage and EV chargers. Shared improvements include gated vehicle access, perimeter fencing, guest and accessible parking, rainwater harvesting and on-site detention. HOA services cover landscaping, exterior maintenance and common areas.

The property is at 5201 East Martin Luther King Junior Boulevard, 4.7 miles from the University of Texas at Austin and 3.7 miles from the Moody Center. CapMetro Route 18 operates along MLK between the site and campus. US-183 is 2 minutes away, while Downtown and the Texas State Capitol are 4.4 miles away. The community borders Blair Woods Nature Preserve, a 10-acre site with walking trails; select homes have downtown skyline views.

Interior finishes include quartz counters, full-height tile, walnut-tone cabinetry and stainless steel appliances. Building systems and materials include spray foam insulation, low-E windows and residential fire sprinklers. The property is in an Opportunity Zone.

Key Highlights

  • 32 three‑bedroom townhomes, each with 2.5 baths, across approximately 2.7 acres
  • Two three‑story plans: Perch at 1,590 SF and Nest at 1,996 SF
  • Private fenced yard, two carport spaces, storage and installed EV charger at each home

Property Analytics

Lease Details

32
Residential units
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

299
Businesses Nearby

Demographics for 78721, TX

11,316
Population
4,808
Households
2.4
Avg Household Size
34
Median Age
51%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
3,143
Density / Sq Mi
$103,285
Median Household Income
$57,788
Median Earnings
$1,616
Median Rent
$503,400
Median Home Value

Market

Average Price Trend$/SF for Apartment buildings in Austin, TX

$432 Jul
$463 Aug
$440 Sep
$362 Oct

Properties on Market for Apartment buildings in Austin

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Each residence offers three bedrooms, 2.5 baths, a fenced yard, two carport spaces and an installed EV charger.
Where is this apartment building located?
The property is located at 5201 East Martin Luther King Junior Boulevard Austin, TX.
What is the asking price?
The asking price for this property is $20,000,000.
What are key features of this property?
This property features: 32 three‑bedroom townhomes, each with 2.5 baths, across approximately 2.7 acres; Two three‑story plans: Perch at 1,590 SF and Nest at 1,996 SF; Private fenced yard, two carport spaces, storage and installed EV charger at each home
(432) 202-1859 Call to check price and availability
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