512-343-2700
1915 E Martin Luther King Jr Blvd, Austin, TX for Sale
Apartments - FOR SALE
1/19
null | Request Cap Rate

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


HIGHLIGHTS

  • Strong In-Place Cap Rate of 5.9% 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. CALL FOR OFFERS 9/24/26

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.