512-975-2316
1501 Kinney Ave, Austin, TX for Sale
Apartments - FOR SALE
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1501 Kinney Ave
Austin, TX 78704
Zilker


HIGHLIGHTS

  • TURNKEY ASSET, STRONG IN-PLACE CASH FLOW
  • CORE SOUTH AUSTIN LOCATION | WALKABLE TO SOLA
  • CONDO CONVERSION OR REDEVELOPMENT POTENTIAL

OVERVIEW

Barton Ridge is a 37-unit, garden-style apartment community situated on a 0.93-acre site in the heart of South Austin’s Zilker neighborhood. Originally constructed in 1973, the property has undergone capital improvements including interior renovations to approximately 95% of the units. These updates feature quartz countertops, stainless steel appliances, shaker-style cabinetry, new lighting, and wood-style flooring. The community also offers a resurfaced pool, modern signage, upgraded landscaping, and on-site laundry facilities—creating a turnkey, low-maintenance asset with operational upside. The property has consistently operated at or above 95% occupancy, benefiting from strong in-place demand driven by its walkable location and attainable rents. Located just one block off South Lamar Boulevard, Barton Ridge benefits from walkable access to some of Austin’s most iconic destinations including Alamo Drafthouse, Uchi, and the Lamar Union mixed-use district. The property sits within minutes of Zilker Park, Barton Springs Pool, and Lady Bird Lake, and offers seamless connectivity to Downtown, SoCo, and the broader metro via Lamar, Oltorf, and Riverside. This highly walkable, infill location is surrounded by new development and million-dollar single-family homes, providing a desirable urban-core lifestyle in one of Austin’s most supplyconstrained pockets. With its low-density site plan and MF-3 zoning, Barton Ridge offers long-term optionality for condo conversion or full-scale redevelopment. The surrounding Zilker and South Lamar neighborhoods have seen a surge in demand for for-sale product. Given the property’s 0.93-acre site, walkable location, and upgraded interiors, Barton Ridge presents a prime covered land opportunity in one of Austin’s most constrained and desirable urban cores.

FOR SALE DETAILS

PRICE

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# OF UNITS

37

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Barton Ridge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,441 SF

ZONING

MF-3, Austin

APN/PARCEL ID

771693

ASK ABOUT THIS PROPERTY

Grant MobleyGreysteelMore Info
512-975-2316

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Grant MobleyGreysteelMore Info
512-975-2316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.