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1915 E MLK 1915 E Martin Luther King Jr Blvd 18 Unit Apartment Building For Sale Austin, TX 78702
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
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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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