737-255-7274
8502 Dryfield Dr, Austin, TX for Sale
Apartments - FOR SALE
1/87
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8502 Dryfield Dr
Austin, TX 78758
North Austin


HIGHLIGHTS

  • Located in North Austin with convenient access to US-183, MoPac Expressway, and I-35.
  • Positioned near The Domain, a major mixed-use destination with retail, dining, and office space.
  • Situated within a growing submarket experiencing strong population and household growth.
  • Approximately 18 miles from Austin-Bergstrom International Airport and 9 miles from Downtown Austin.

OVERVIEW

Walker & Dunlop Investment Sales (WDIS) has been exclusively retained to offer the fee simple interest in Dryfield Apartments & Studios (the “Property”), a 48 unit low density, garden-style apartment community featuring two 1970-vintage buildings on either side of Dryfield Drive in North Central Austin, TX. Positioned near The Domain (Austin’s “Second Downtown”), the Property is proximate to tech heavyweights Amazon, IBM, Facebook, and Indeed, while supported by over 113,000 employees within three miles. Residents enjoy the most dynamic leisure and entertainment choices in the MSA via The Domain, Gateway, Austin FC Q2 Stadium, Northcross Mall, and the nearby brewery district, while walking distance to needs-based retail and local eateries. Centrally located with direct access to major thoroughfares Highway 183, I-35, and MoPac Expressway, the Property is strategically positioned in a rapidly gentrifying submarket that saw 19% single family home price appreciation in 2020 and an average of 12% annual growth over the past three years. The Property is being offered on a free and clear basis.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

48

CAP RATE

Request Cap Rate

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dryfield Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

Austin MF3 Multifam

APN/PARCEL ID

242745,244603

ASK ABOUT THIS PROPERTY

Allie AndersonWalker & DunlopMore Info
737-255-7274

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Allie AndersonWalker & DunlopMore Info
737-255-7274

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