Cedar 31 is a 14-unit multifamily property located at 3008 Cedar Street and 201 W. 31st Street, in the highly desirable North University neighborhood just blocks from UT Austin. The asset is comprised of two adjacent buildings: a fully renovated mid-century 8-unit apartment complex and a restored 1930s mansion converted into six unique apartment residences. This combination of architectural distinction and modern upgrades positions Cedar 31 as a rare, defensible asset in a high-demand rental corridor. The property has undergone extensive renovations, including updated interiors with stainless steel appliances, quartz countertops, custom cabinetry, and in-unit European washer/dryers—amenities uncommon in this vintage of product. Set among mature trees with professionally maintained landscaping, the asset offers a quiet, residential setting with immediate walkability to UT, transit lines, and retail amenities. With strong tenant appeal, consistent occupancy, and limited near-term capital needs, Cedar 31 represents a high-quality, fully repositioned asset in one of Austin’s most proven submarkets.