Triplexes Near University
For Sale
Contact for pricing
Pending
609 Elmwood Pl, Austin, TX 78705
Two residential income buildings offer six units with student-oriented bedroom configurations near the University of Texas campus.
Property SizeContact for details
Days on Market145
Property Features for 609 Elmwood Pl
General Information
Standard status
Pending
Class
Class A
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
2 x 4BR/2BA, 2 x 6BR/3BA, 2 x 4BR/3BA
Multifamily Units
6
Additional Details
Gross Income
$420,000
Utilities to Site
Yes
Building Details
Buildings
2
Listing Agency:
REspace LLC
Listed By:
Tony Lazarov · License #TX 9005423
(512) 762-8669
Source:
Crexi
Added: Apr 12
Changed: Sep 2
Last Checked: Sep 1 at 12:45AM
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.
This offering includes two triplex buildings containing six total units. Each building includes a four-bedroom, two-bath unit; a six-bedroom, three-bath unit; and a four-bedroom, three-bath unit, for 28 bedrooms across the property. The residences are positioned for student housing, with all units occupied and leases executed for the August 1, 2024 through July 31, 2025 term.
The property is located at 609 Elmwood Pl in Austin, approximately a five-minute walk from the University of Texas campus. Separately metered utilities are paid by tenants, and the property has no common elements requiring maintenance. The stated expense ratio is approximately 30% of gross income. Leases are also projected for the August 1, 2025 through July 31, 2026 period.
The property is located at 609 Elmwood Pl in Austin, approximately a five-minute walk from the University of Texas campus. Separately metered utilities are paid by tenants, and the property has no common elements requiring maintenance. The stated expense ratio is approximately 30% of gross income. Leases are also projected for the August 1, 2025 through July 31, 2026 period.
Key Highlights
- Two triplex buildings with six total units
- 28 bedrooms across the property with four- and six‑bedroom configurations
- Approximately a 5‑minute walk from the University of Texas campus
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,061
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
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Frequently Asked Questions
What type of property is this?
Triplex - Two residential income buildings offer six units with student-oriented bedroom configurations near the University of Texas campus.
Where is this triplex located?
The property is located at 609 Elmwood Pl Austin, TX.
What are key features of this property?
This property features: Two triplex buildings with six total units; 28 bedrooms across the property with four- and six‑bedroom configurations; Approximately a 5‑minute walk from the University of Texas campus
