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Maple Arms 1614 Wheless Ln 22 Unit Apartment Building For Sale Austin, TX 78723
Investment Highlights
- Prime infill Austin location with convenient access to Downtown Austin, Mueller, IH-35, US-290, and major employment centers.
- Unit mix includes studio, one-bedroom, and two-bedroom apartments, providing diversified tenant demand.
- Renovated units feature quartz countertops, luxury vinyl plank flooring, updated hardware, and modern finishes.
- Strong accessibility to major transportation corridors, retail, healthcare facilities, and recreational amenities.
Executive Summary
Maple Arms is an 18,596 SF multifamily asset situated on 0.95 acres in Austin's established Windsor Park submarket. The property features a mix of studio, 1 bedroom, and 2 bedroom units serving Austin's growing renter population. Recent property improvements and selective unit upgrades provide a solid foundation for future ownership, while additional opportunities remain to further enhance value and operating performance.
Located near Mueller, Downtown Austin, the University of Texas, US 290, IH 35, and Highway 183, 1614 Wheless Lane benefits from convenient access to major employment centers, retail destinations, healthcare facilities, and educational institutions. Positioned within one of Austin's most established infill submarkets, the property is surrounded by a large renter population and enjoys excellent connectivity throughout the Austin metropolitan area.
Located near Mueller, Downtown Austin, the University of Texas, US 290, IH 35, and Highway 183, 1614 Wheless Lane benefits from convenient access to major employment centers, retail destinations, healthcare facilities, and educational institutions. Positioned within one of Austin's most established infill submarkets, the property is surrounded by a large renter population and enjoys excellent connectivity throughout the Austin metropolitan area.
Property Facts
| Sale Type | Investment | Lot Size | 0.95 AC |
| No. Units | 22 | Building Size | 18,596 SF |
| Property Type | Multifamily | Average Occupancy | 77% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1970/2019 |
| Building Class | C | Parking Ratio | 1.91/1,000 SF |
| Zoning | MF-3 - Multi Family Dwelling | ||
| Sale Type | Investment |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.95 AC |
| Building Size | 18,596 SF |
| Average Occupancy | 77% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2019 |
| Parking Ratio | 1.91/1,000 SF |
| Zoning | MF-3 - Multi Family Dwelling |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 683 |
| 2+1 | 15 | - | 898 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 226773 | Improvements Assessment | $2,232,378 |
| Land Assessment | $1,245,642 | Total Assessment | $3,478,020 |
Property Taxes
Parcel Number
226773
Land Assessment
$1,245,642
Improvements Assessment
$2,232,378
Total Assessment
$3,478,020
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Maple Arms | 1614 Wheless Ln
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