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Investment Highlights

  • Turnkey income from Day One
  • Set up for the mid-term rental boom and has a professionally managed platform
  • Modern concrete podium-style building with all-steel framing
  • 95% occupied
  • Heart of South Austin's in-demand corridor
  • Quality construction featuring soundproofing, high-end finishes, and 12-foot ceilings

Executive Summary

*A brand-new Class A boutique condominium asset, fully operational and professionally managed as a mid-term rental community.
* The units are 95% occupied, with the majority delivered fully furnished — generating strong in-place cash flow and immediate yield from acquisition.
* A rare opportunity to acquire an asset with multiple exit strategies beyond a traditional multifamily hold. An incoming buyer can continue operating as a high-performing mid-term rental community, transition select units to long-term leases, or unlock significant upside through individual condominium sales.
* Uniquely positioned to capture the convergence of medium-rental demand — a strategy that consistently outperforms conventional multifamily on both yield and occupancy. The professionally managed platform conveys with the asset, eliminating operational lift for the next owner.
* Designed by award-winning architect Mark Odom and constructed by Blackridge Construction.
* Modern concrete podium-style building with all-steel framing, engineered with soundproofing, high-end finishes, and soaring 12-foot ceilings.
* Sited in the South Congress corridor — minutes from downtown Austin, Austin-Bergstrom International Airport, and the St. Elmo, SOLA, and SOCO entertainment districts. Proximate to major employment hubs, hospitals, and lifestyle drivers that anchor consistent demand from traveling professionals, medical staff, and relocating executives — the core mid-term rental tenant base.

Property Facts

Sale Type Investment
No. Units 21
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class A
Lot Size 0.50 AC
Building Size 21,780 SF
Average Occupancy 95%
No. Stories 3
Year Built 2025
Parking Ratio 1.19/1,000 SF
Zoning MU GO NP

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Double Vanities
  • Eat-in Kitchen
  • Kitchen
  • Ice Maker
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Walk-In Closets
  • Wi-Fi
  • Double Pane Windows
  • Pantry
  • Vinyl Flooring
  • Quartz Countertops

Site Amenities

  • Controlled Access
  • Courtyard
  • Fenced Lot
  • Property Manager on Site
  • Security System
  • Furnished Units Available
  • Pet Play Area
  • Trash Pickup - Door to Door
  • Roof Terrace
  • Car Charging Station
  • Individual Locking Bedrooms
  • Private Bathroom
  • Individual Leases Available
  • Key Fob Entry

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 10 $1,875 399 - 590
1+1 6 $2,013 649 - 870
2+2 5 $2,475 1,225 - 1,340
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
325153
Land Assessment
$434,214
Improvements Assessment
$7,957,786
Total Assessment
$8,392,000
  • Listing ID: 40234613

  • Date on Market: 4/21/2026

  • Last Updated:

  • Address: 5515 Humming Bird Ln, Austin, TX 78745

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