4314 Gillis St - Apartments FOR SALE


Austin, TX 78745- South Manchaca
$2,495,000 USD
512-661-3843
4314 Gillis St, Austin, TX for Sale
$2,495,000 USD
Apartments - FOR SALE
1/27
null | 5.5% Cap Rate

4314 Gillis St
Austin, TX 78745
South Manchaca


HIGHLIGHTS

  • Value Add
  • Highly Desirable Area
  • Great Walkability
  • Leasing new units monthly
  • 10 minutes from downtown ATX.

OVERVIEW

This investment presents a rare opportunity to acquire a 24-unit multifamily community in the highly sought-after 78745 submarket of South Austin. The property delivers immediate in-place income with clear avenues to further drive revenue through operational improvements and strategic repositioning. An assumable loan option provides incoming ownership with financial flexibility and favorable debt terms, lowering the barrier to entry and enhancing returns. Located in one of Austin’s fastest-growing corridors, 78745 benefits from strong population growth, robust new development, and a thriving mix of residential, retail, and entertainment uses—making it a proven destination for both renters and investors.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$208 USD /SF

# OF UNITS

24

PRICE/UNIT

$103,958

CAP RATE

5.5%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palm Gardens 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

0.43 AC

LAND SF

18,731 SF

ZONING

GR, Austin

APN/PARCEL ID

312799

ASK ABOUT THIS PROPERTY

Taylor SherwoodeXp CommercialMore Info
512-661-3843

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Taylor SherwoodeXp CommercialMore Info
512-661-3843

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