512-343-2700
1915 E Martin Luther King Jr Blvd, Austin, TX for Sale
Apartments - FOR SALE
1/18
null | Request Cap Rate

1915 E Martin Luther King Jr Blvd
Austin, TX 78702
Chestnut


HIGHLIGHTS

  • Strong In-Place Cap Rate of 5.8% and trending in a positive direction.
  • Consistently High Historical Occupancy (100%occupied as of 06/23/2026).
  • Full Renovation Completed in 2023 with about $3.5M spent on new electric, plumbing, appliances, windows, TPO roof, gas lines, interior finish outs.
  • Diversified Reliable Income Stream between residential, commercial and medical office units with the ability to convert as needed.
  • A+ Central East Austin Location less than a one mile to UT and two miles to downtown. High walkability score of 84.
  • Austin Beginning to Rebound – Multifamily construction starts at 10 -year low. Austin boasts the lowest Rent to Income Ratio in the country (18%).

OVERVIEW

This 24-Unit Mixed-Use Community was fully remodeled in 2023. 1915 E MLK consists of 18 residential units, 4 practitioner suites, a restaurant and a yoga studio. The property is designed to be a unique health & wellness hub, providing a true live, work and healthy lifestyle living experience. 1915 E. Martin Luther King Jr. Blvd is conveniently situated in the vibrant Chestnut neighborhood of East Austin. Interior features include wood-like flooring, spacious kitchens, and washer / dryer in each apartment. This property is only 1 mile east of the University of Texas at Austin Campus and offers exceptional walkability and bike ability with convenient access to nearby shops, restaurants, and entertainment along E 6th St, E 7th St, E 11th St, Manor Rd and E MLK Blvd. For transit, the property is less than a mile from the E MLK MetroRail Station, and provides quick access to the bus route along MLK running from the Expo Center, through Springdale to Downtown and then towards Lake Austin.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

18

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1915 E MLK

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

CS-MU-V-CO-NP

APN/PARCEL ID

198475

ASK ABOUT THIS PROPERTY

Daniel ElamMuskin | Elam GroupMore Info
512-343-2700

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Daniel ElamMuskin | Elam GroupMore Info
512-343-2700

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