5005 Lynnwood ST new Save Request In-Person Tour Request Virtual Tour
Austin,TX 78756
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $333
Subdivision Rosedown
MLS Listing ID 7550760
HOA Y/N No
Originating Board actris
Year Built 1965
Annual Tax Amount $15,048
Tax Year 2024
Lot Size 8,999 Sqft
Acres 0.2066
Property Description
Located in the heart of the highly sought-after Rosedale neighborhood, 5005 Lynnwood Street presents an exceptional investment opportunity with a beautifully remodeled 1965-built fourplex offering timeless design and modern finishes. This classic multi-family property features townhouse-style apartments, with Units A-C each offering 2 bedrooms and 1 bath (899 SF), while Unit D stands out with 2 bedrooms, 1.5 baths (1053 SF), a private balcony off the master bedroom, and a back patio, ensuring spacious and comfortable living arrangements with dedicated outdoor spaces. Recently updated with high-end design, these units are turnkey for an investor, minimizing upfront costs while maximizing rental potential. Zoned MF-3 for medium density, the expansive 9,000+ SQFT lot allows for future redevelopment, expansion, or a value-add strategy, making it a prime option for investors and developers looking to unlock its full potential. Whether considering condominium conversion for individual sales, maintaining it as a high-performing rental property, or exploring multi-use strategies, this property offers unparalleled flexibility. With no rental restrictions, this asset presents multiple income streams, from short-term to mid-term and long-term rentals, optimizing cash flow and investment returns. Currently, Units B and C are generating $2,250 and $3,000 per month as mid-term rentals, while Units A and D remain vacant for showings, allowing buyers to strategize their own leasing approach. Situated in a prime location, residents enjoy close proximity to Austin's best restaurants, boutique shopping, lush parks, and the vibrant city center, making it highly attractive to tenants seeking urban convenience in a charming neighborhood setting. This is a rare opportunity to secure a valuable piece of Austin real estate in one of the city's most desirable areas. Don't miss out—schedule your private showing today!
Location
State TX
County Travis
Interior
Interior Features Ceiling Fan(s),Quartz Counters
Heating Central
Cooling Central Air
Flooring Wood
Fireplace No
Appliance Stainless Steel Appliance(s)
Exterior
Exterior Feature None
Fence See Remarks
Community Features See Remarks
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Waterfront Description None
View City,Neighborhood
Roof Type Metal
Porch Porch
Building
Lot Description Level,See Remarks
Faces West
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Wood Siding,Stone
New Construction No
Schools
Elementary Schools Highland Park
Middle Schools Lamar (Austin Isd)
High Schools Mccallum
School District Austin Isd
Others
Pets Allowed Cats OK,Dogs OK
Special Listing Condition See Remarks
Pets Allowed Cats OK,Dogs OK