303 Zennia ST, Austin, Texas, United States, 78751
4,750,000
for Sale
32,670
About the property:
ALL NOTE: this is a portfolio sale of FIVE single family homes.
Property Info:
• Properties: 5 x single family homes each with 6 bedrooms, 4 bathrooms and private outdoor living.
• Avg SF: 2,623
• Year Completed: 2009 – 2012
• Occupancy: 100%
Highlights
• Asking $4.75M which is a 5.8% cap rate on T12 and 6% cap on proforma
• Consistently leased with 5-10% annual increases
• Convenient Central Austin location – particularly attractive to young professionals and UT students. Minutes from several hospitals, numerous retail and entertainment hubs and higher education institutions. This is the epicenter of Austin, TX.
• Average / Median sale price of a similar sized single-family home within a 1-mile radius over last 12 months was $1.27M ($505psf) / $1.25M ($532psf) which is at least 30% higher than the asking price for the Hyde Park / North Loop SFH portfolio.
Austin Highlights:
• Austin was the #1 best-performing Top 50 U.S. metro for job growth in 2025
• Austin population grew nearly 15% from 2020 – 2025 = the fastest of any US metro with more than 1M residents.
• Austin Area Median Family Income is now $134,000
• Austin has the second-lowest rent-to-income ratio in the country (~17%) which is the lowest level in at least 20 years
- Property Type:
- see remarks
- Status:
- for Sale
- House Style:
- Other
- Acres:
- 0.75
- Square Feet:
- 13117
- Area:
- 4
- Subdivision:
- Koenig Place
- Heating Type:
- 0
- Directions:
- Heading North on Lamar turn Right into Zennia for the 303, 304, 305 and 401 Zennia St homes. Heading North on Lamar turn Right into W 38th St and Left into 38 1/2 St then R into E 39th then Left into Willbert Rd. 3900 Willbert is on the SE corner.
- Is Entertainment:
- Yes
- Is Other:
- Yes
- Is Retail:
- Yes
- Annual Property Taxes:
- 81,350
- Listing ID:
- 7679878
Rooms
Dimensions
Brokered by:
Muskin Elam Group Llc
Presented By:
Presented By: