Homes for sale - 5005 Lynnwood ST, Austin, TX 78756

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Justin Rossi

justin.rossi.realty@gmail.com +1(737) 352-5444

$ 1,250,000

Est. payment | -/mo

3,750 SqFt

Save

$ 1,250,000

Est. payment | -/mo

Save

3,750 SqFt

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

Listed by Compass RE Texas, LLC

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(737) 352-5444

justin.rossi.realty@gmail.com

5005 Lynnwood ST Austin, TX 78756