1302 E 52nd StAustin, TX 78723

Description

15-Unit Multifamily Investment + Repositioning Opportunity In-Place Income | Strategic Infill Location | Multiple Value-Creation Paths 1302 E 52nd St presents a rare opportunity to acquire an existing 15-unit multifamily asset with in-place income and multiple potential paths for future value creation. Positioned in a strategic Central Austin infill location near Mueller, the property offers investors the ability to generate income today while evaluating opportunities to enhance operations or reposition the asset over time. With established in-place tenancy, the property provides immediate rental income while preserving flexibility for its next chapter. Beyond optimizing the existing multifamily operation, the property’s location and configuration may appeal to investors exploring alternative residential operating models, supportive or workforce housing, mid-term or co-living concepts, or longer-term conversion or redevelopment strategies, subject to applicable zoning, approvals and buyer due diligence. Directly across the street, SAFE’s Lancaster development adds another dimension to the property’s evolving surroundings. The location also provides convenient access to Mueller, Dell Children’s Medical Center, the University of Texas and Dell Medical District, Downtown Austin, and major transportation corridors including I-35 and US-290. Nearby Mueller offers a significant concentration of retail, dining, recreation, healthcare and employment, including Mueller Lake Park, the Mueller Farmers’ Market, Alamo Drafthouse and a growing mix of restaurants and neighborhood amenities. For the investor looking beyond today’s operations, 1302 E 52nd presents something increasingly difficult to replicate in Central Austin: an existing income-producing multifamily property in an established infill location with the flexibility to consider multiple strategies for its next chapter. Financial information and additional property details are available upon request.

Property Information

Property type

Commercial Sale

Sub-type

Multi Family

Year built

1962

Building area

30,420 Sq Ft

Lot size

0.70 acres

Parking spaces

21

Days on market

60

MLS^® Listing#

5972252

Property Features

Cooling

Central Air

Heating

Central · Natural Gas

Flooring

Carpet · Laminate · Tile

Parking

Enclosed · Gated · Off Street · Private · Assigned

Construction

Brick Veneer · Concrete · Frame

Foundation

Slab

Security

Secured Garage/Parking

Other structures

None

Utilities

Electricity Available · Electricity Connected

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$48,239Tax year 2026

Assessed value

$2,175,840

Parcel number

02221405200000

Directions

Going North, Exit I-35 for 51st Street, Turn right on 51st Street, Left on Lancaster, Right on 52nd.