Log In/Sign Up
Your email has been sent.
Element Studios 2526 Durwood St 61 Unit Apartment Building For Sale Austin, TX 78704
INVESTMENT HIGHLIGHTS
- Prime 78704 Location - Walkable to South Congress, Zilker Park, South First, and the new H-E-B at Oltorf & Congress
- Midterm Rental Upside - Strong, unmet demand for furnished 3–6 month leases from remote and transient tenants—an immediate value-add opportunity.
- Resilient in a Soft Market - Outperforms larger multifamily projects struggling with oversupply and negative rent growth.
- Turnkey 61-Unit Condo Asset - Fully converted, legally defined condos offering flexible hold, lease, or sell-off strategies.
- Efficient, In-Demand Studios - 420 SF units match market trends for affordability, flexibility, and minimalist living in urban cores.
EXECUTIVE SUMMARY
Welcome to Element Studios—a fully converted, 61-unit condo asset planted right in the beating heart of Austin’s iconic 78704. This is prime infill real estate, walking distance to South Congress, South First, Zilker Park, and just blocks from the newly opened H-E-B at Oltorf, giving tenants front-row access to everything that makes this part of town pulse. Each unit is a 420-square-foot studio—smart, efficient, and perfectly aligned with the demand for minimalist, flexible living. This is what renters actually want right now: smaller, better-located spaces that don’t come with oversized rent checks.
The property is gated and features a community pool, two on-site laundry rooms, and outdoor hangout areas with mature trees—simple but intentional amenities that keep occupancy tight and turnover low. But the real upside? It’s what’s not yet being done.
There’s a growing wave of midterm rental demand—6-month furnished leases—from a tenant base that’s increasingly remote, transient, and flexibility-obsessed. Think digital nomads, contract tech workers, downsizers testing the market, or people landing in Austin without wanting to commit long-term. Furnished midterm rentals are being actively requested here, but they’re not yet offered. That’s a value-add play hiding in plain sight.
And here’s where timing matters. Austin’s multifamily market has cooled, with deal velocity down, rent growth flat or negative, and oversupply dragging on absorption. Institutional deals are sitting. Luxury lease-ups are offering concessions, but Element Studios is outperforming the market —smaller units, lower price points, and a location you can’t replicate give it a defensive edge and strong long-term upside.
With legal condo status already in place, you’re not boxed into one path. Lease it. Furnish it. Sell off individual units over time. This is rare flexibility in a high-barrier-to-entry submarket. Whether you’re holding, repositioning, or prepping for phased disposition, Element Studios is built to outperform in a down cycle and explode in the next upturn.
Area Description
Located in the heart of Austin’s 78704, Element Studios sits at the intersection of urban energy and lifestyle convenience. This iconic zip code is home to some of the city's most coveted destinations—South Congress (SoCo), South First, Zilker Park, and Barton Springs—making it a magnet for young professionals, creatives, and long-time Austinites seeking walkability and culture. The property is also just blocks from the newly opened H-E-B at Oltorf and South Congress, a major grocery anchor that further elevates the neighborhood’s liveability and long-term value. With easy access to downtown, major employers, and entertainment districts, 78704 remains one of Austin’s most resilient submarkets, even as the broader multifamily market softens.
The property is gated and features a community pool, two on-site laundry rooms, and outdoor hangout areas with mature trees—simple but intentional amenities that keep occupancy tight and turnover low. But the real upside? It’s what’s not yet being done.
There’s a growing wave of midterm rental demand—6-month furnished leases—from a tenant base that’s increasingly remote, transient, and flexibility-obsessed. Think digital nomads, contract tech workers, downsizers testing the market, or people landing in Austin without wanting to commit long-term. Furnished midterm rentals are being actively requested here, but they’re not yet offered. That’s a value-add play hiding in plain sight.
And here’s where timing matters. Austin’s multifamily market has cooled, with deal velocity down, rent growth flat or negative, and oversupply dragging on absorption. Institutional deals are sitting. Luxury lease-ups are offering concessions, but Element Studios is outperforming the market —smaller units, lower price points, and a location you can’t replicate give it a defensive edge and strong long-term upside.
With legal condo status already in place, you’re not boxed into one path. Lease it. Furnish it. Sell off individual units over time. This is rare flexibility in a high-barrier-to-entry submarket. Whether you’re holding, repositioning, or prepping for phased disposition, Element Studios is built to outperform in a down cycle and explode in the next upturn.
Area Description
Located in the heart of Austin’s 78704, Element Studios sits at the intersection of urban energy and lifestyle convenience. This iconic zip code is home to some of the city's most coveted destinations—South Congress (SoCo), South First, Zilker Park, and Barton Springs—making it a magnet for young professionals, creatives, and long-time Austinites seeking walkability and culture. The property is also just blocks from the newly opened H-E-B at Oltorf and South Congress, a major grocery anchor that further elevates the neighborhood’s liveability and long-term value. With easy access to downtown, major employers, and entertainment districts, 78704 remains one of Austin’s most resilient submarkets, even as the broader multifamily market softens.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 1.16 AC |
| No. Units | 61 | Building Size | 25,620 SF |
| Property Type | Multifamily | Average Occupancy | 83% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1974/2009 |
| Building Class | C | Parking Ratio | 2.73/1,000 SF |
| Zoning | MF-3 - MF-3 - Multifamily Residence Medium Density district is intended to accommodate multifamily use with a maximum density of up to 36 units per acre. | ||
| Sale Type | Investment |
| No. Units | 61 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.16 AC |
| Building Size | 25,620 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2009 |
| Parking Ratio | 2.73/1,000 SF |
| Zoning | MF-3 - MF-3 - Multifamily Residence Medium Density district is intended to accommodate multifamily use with a maximum density of up to 36 units per acre. |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Microwave
- Kitchen
- Granite Countertops
- Vaulted Ceiling
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Pool
- Grill
- Bicycle Storage
- Sundeck
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 61 | $1,025 | 420 |
1 1
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (72)
1 of 72
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Element Studios | 2526 Durwood St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.