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1915 E MLK 1915 E Martin Luther King Jr Blvd 17,595 SF 93% Leased Office Building Austin, TX 78702 For Sale
Investment Highlights
- Strong In-Place Cap Rate of 5.8% and trending in a positive direction.
- Full Renovation Completed in 2023 with about $3.5M spent on new electric, plumbing, appliances, windows, TPO roof, gas lines, interior finish outs.
- A+ Central East Austin Location less than a one mile to UT and two miles to downtown. High walkability score of 84.
- Consistently High Historical Occupancy (100%occupied as of 06/23/2026).
- Diversified Reliable Income Stream between residential, commercial and medical office units with the ability to convert as needed.
- Austin Beginning to Rebound – Multifamily construction starts at 10 -year low. Austin boasts the lowest Rent to Income Ratio in the country (18%).
Executive Summary
This 24-Unit Mixed-Use Community was fully remodeled in 2023. 1915 E MLK consists of 18 residential
units, 4 practitioner suites, a restaurant and a yoga studio. The property is designed to be a unique
health & wellness hub, providing a true live, work and healthy lifestyle living experience.
1915 E. Martin Luther King Jr. Blvd is conveniently situated in the vibrant Chestnut neighborhood of
East Austin. Interior features include wood-like flooring, spacious kitchens, and washer / dryer in each
apartment. This property is only 1 mile east of the University of Texas at Austin Campus and offers
exceptional walkability and bike ability with convenient access to nearby shops, restaurants, and
entertainment along E 6th St, E 7th St, E 11th St, Manor Rd and E MLK Blvd. For transit, the property is
less than a mile from the E MLK MetroRail Station, and provides quick access to the bus route along
MLK running from the Expo Center, through Springdale to Downtown and then towards Lake Austin.
units, 4 practitioner suites, a restaurant and a yoga studio. The property is designed to be a unique
health & wellness hub, providing a true live, work and healthy lifestyle living experience.
1915 E. Martin Luther King Jr. Blvd is conveniently situated in the vibrant Chestnut neighborhood of
East Austin. Interior features include wood-like flooring, spacious kitchens, and washer / dryer in each
apartment. This property is only 1 mile east of the University of Texas at Austin Campus and offers
exceptional walkability and bike ability with convenient access to nearby shops, restaurants, and
entertainment along E 6th St, E 7th St, E 11th St, Manor Rd and E MLK Blvd. For transit, the property is
less than a mile from the E MLK MetroRail Station, and provides quick access to the bus route along
MLK running from the Expo Center, through Springdale to Downtown and then towards Lake Austin.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
17,595 SF
Building Class
B
Year Built/Renovated
1962/2023
Percent Leased
93%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,798 SF
Building FAR
0.92
Lot Size
0.44 AC
Zoning
CS-MU-V-CO-NP - Mixed-use zoning near transit oriented corridor.
Parking
26 Spaces (1.48 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Courtyard
- Metro/Subway
- Restaurant
- Skylights
- Central Heating
- Natural Light
- Open-Plan
- Plug & Play
- Outdoor Seating
- Air Conditioning
- Fiber Optic Internet
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Fully built out yoga, pilates, fitness studio inside the Casa de Luz East Wellness Center.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 105 | 1,320 SF | Office | - | Now |
1st Fl-Ste 105
| Size |
| 1,320 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 105
| Size | 1,320 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Fully built out yoga, pilates, fitness studio inside the Casa de Luz East Wellness Center.
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Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 198475 | Improvements Assessment | $2,811,645 |
| Land Assessment | $1,725,750 | Total Assessment | $4,537,395 |
Property Taxes
Parcel Number
198475
Land Assessment
$1,725,750
Improvements Assessment
$2,811,645
Total Assessment
$4,537,395
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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