Speedway 38 is a 26-unit multifamily community positioned in the heart of Austin’s North University neighborhood—one of the city’s most sought-after rental corridors. Built in 1967, the two-story walk-up offers a well-balanced mix of one- and two-bedroom units that appeal to a stable tenant base of students and young professionals. Its walkability to UT Austin, proximity to Downtown, and surrounding neighborhood charm support consistently high demand. The property has been well-maintained and thoughtfully renovated, with recent improvements made to both individual units and common areas. Interior upgrades include new flooring, fresh paint, stainless steel appliances, modern plumbing and electrical fixtures, tile backsplashes, and contemporary lighting. In addition to these renovations, the asset still offers light operational or cosmetic upside for a new owner. With strong in-place cash flow, high historical occupancy, and a streamlined footprint, Speedway 38 presents a compelling opportunity to acquire a high-performing asset in one of Austin’s most proven submarkets.