Fully Leased Multifamily
For Sale
$850,000
Pending
661 Mesa Dr, Del Valle, TX 78617
Seven-unit, fully occupied property offers income-producing ownership with the option to develop the site further.
Property SizeContact for details
Lot Size5.00 Acres
Days on Market527
Property Features for 661 Mesa Dr
General Information
Standard status
Pending
Lot size
5.00 Acres
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$14,188
Listing Agency:
KW-Austin Portfolio Real Estate
(512) 844-1568
Listed By:
Jennifer Kearns · License #0543892
(512) 844-1568
Source:
Exprealty
Added: Mar 3, 2025
Changed: Aug 11
Last Checked: Aug 12 at 12:03PM
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 KW-Austin Portfolio Real Estate
Investment Insights
Based on property information with market context.
This offering is a fully leased multifamily property presented as a turn-key income stream. The development consists of seven homes/trailers and is currently fully occupied by tenants. As presented, it is structured for continued operation as an income property.
The property is located at 661 Mesa Dr in Del Valle, Texas. According to the provided remarks, it is minutes away from COTA and Austin Bergstrom International Airport, which may support tenant convenience and overall market accessibility.
For investors or operators looking for immediate occupancy, the key consideration here is that the units are already leased and producing income, rather than requiring a lease-up period. For buyers with a longer-term plan, the site is also described as having potential for development, with “5 acres of potential at your fingertips” as stated in the remarks. Whether you plan to maintain the current configuration or pursue an expansion or redevelopment approach, this property is being marketed as ready to operate based on its existing, fully occupied status.
The property is located at 661 Mesa Dr in Del Valle, Texas. According to the provided remarks, it is minutes away from COTA and Austin Bergstrom International Airport, which may support tenant convenience and overall market accessibility.
For investors or operators looking for immediate occupancy, the key consideration here is that the units are already leased and producing income, rather than requiring a lease-up period. For buyers with a longer-term plan, the site is also described as having potential for development, with “5 acres of potential at your fingertips” as stated in the remarks. Whether you plan to maintain the current configuration or pursue an expansion or redevelopment approach, this property is being marketed as ready to operate based on its existing, fully occupied status.
Key Highlights
- Fully leased 7‑home/trailer multi‑family property in East Austin
- All units are fully occupied by income‑producing tenants, with income producing right away
- Minutes from COTA and Austin‑Bergstrom Airport
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 78617, TX
28,832
Population
9,201
Households
3.1
Avg Household Size
31
Median Age
17%
College-Educated
68%
High-School Grad
64.0 sq mi
ZIP Area
451
Density / Sq Mi
$78,019
Median Household Income
$35,961
Median Earnings
$1,449
Median Rent
$247,800
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 - Seven-unit, fully occupied property offers income-producing ownership with the option to develop the site further.
Where is this apartment building located?
The property is located at 661 Mesa Dr Del Valle, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Fully leased 7‑home/trailer multi‑family property in East Austin; All units are fully occupied by income‑producing tenants, with income producing right away; Minutes from COTA and Austin‑Bergstrom Airport
