Matthews Logo

Navigation Menu

1402 E Saint Johns Ave, Austin, TX, 78752

Palm Square
$1,350,000

Key Information

$ per SF
$99
$ per unit
$84,375
Units
16
Year Built
1969
Type
Multifamily
Occupancy
87.5%
NOI
$27,843

Highlights

  • Seller financing available for up to five years at a minimum interest rate of 5%.
  • Central infill just off I-35 – Easy north–south connectivity plus quick access to Hwy 183 and 290, putting major employment nodes (Downtown, Domain, Mueller, UT, Highland) within a short drive.
  • Established St. Johns neighborhood – Mature rental housing stock with growing investor interest and a steady base of workforce renters; St. Johns is recognized as one of Austin’s more affordable central neighborhoods compared with surrounding areas.
  • 19-acre St. Johns mixed-use redevelopment nearby – The City of Austin and Greystar are moving forward with a major mixed-use, mixed-income project at the former St. Johns site along I-35, expected to bring new housing, retail, and public space to the immediate trade area.
  • Palm Square is a 1960s garden-style community with 2 stories and 16 units, a classic value-add profile in a submarket where new supply is largely podium or wrap product at much higher rents.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225