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4903 Merritt Cir 4 Unit Apartment Building $540,000 ($135,000/Unit) Austin, TX 78744
Investment Highlights
- Two-story office building with masonry construction
- Conferencing facilities available for tenant use
- Parking ratio of 3.4 spaces per 1,000 SF
- Atrium feature enhances natural light and aesthetics
- Controlled access and on-site property management
- Convenient access to public transportation via bus line
Executive Summary
Discover a well-maintained quadruplex located in the Peppertree Park neighborhood of Southeast Austin, presenting a strong income-producing opportunity. The building comprises four units, each featuring two bedrooms and one bathroom. With recent updates and an attractive layout for long-term tenants, this property is ideally positioned to generate steady rental income.
The site spans approximately 0.23 acres and provides off-street parking for residents. Each unit includes central air and heating, individual laundry connections, and practical living spaces to accommodate tenant needs. The property’s income potential is enhanced by a floor plan that appeals to a broad renter demographic.
Strategically located within minutes of Interstate 35 and major thoroughfares, the property offers short commutes to Downtown Austin and Austin-Bergstrom International Airport. Nearby schools, parks, and the rapidly developing Southeast Austin corridor increase the property’s desirability for tenants seeking convenience and accessibility.
This asset represents a compelling investment with cash flow in place and additional upside through potential rent adjustments or value-add improvements.
The site spans approximately 0.23 acres and provides off-street parking for residents. Each unit includes central air and heating, individual laundry connections, and practical living spaces to accommodate tenant needs. The property’s income potential is enhanced by a floor plan that appeals to a broad renter demographic.
Strategically located within minutes of Interstate 35 and major thoroughfares, the property offers short commutes to Downtown Austin and Austin-Bergstrom International Airport. Nearby schools, parks, and the rapidly developing Southeast Austin corridor increase the property’s desirability for tenants seeking convenience and accessibility.
This asset represents a compelling investment with cash flow in place and additional upside through potential rent adjustments or value-add improvements.
Property Facts
| Price | $540,000 | Building Class | B |
| Price Per Unit | $135,000 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 3,120 SF |
| No. Units | 4 | Average Occupancy | 80% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1982 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $540,000 |
| Price Per Unit | $135,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 3,120 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1982 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 760902 | Improvements Assessment | $352,898 |
| Land Assessment | $131,922 | Total Assessment | $484,820 |
Property Taxes
Parcel Number
760902
Land Assessment
$131,922
Improvements Assessment
$352,898
Total Assessment
$484,820
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4903 Merritt Cir
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