— bed, — bath on 0.70 acres in Austin. Austin, TX 78723. $2,145,000.
About This Home
15-Unit Multifamily Investment + Repositioning Opportunity In-Place Income | Strategic Infill Location | Multiple Value-Creation Paths
1302 E 52nd St presents a rare opportunity to acquire an existing 15-unit multifamily asset with in-place income and multiple potential paths for future value creation. Positioned in a strategic Central Austin infill location near Mueller, the property offers investors the ability to generate income today while evaluating opportunities to enhance operations or reposition the asset over time.
With established in-place tenancy, the property provides immediate rental income while preserving flexibility for its next chapter. Beyond optimizing the existing multifamily operation, the property’s location and configuration may appeal to investors exploring alternative residential operating models, supportive or workforce housing, mid-term or co-living concepts, or longer-term conversion or redevelopment strategies, subject to applicable zoning, approvals and buyer due diligence.
Directly across the street, SAFE’s Lancaster development adds another dimension to the property’s evolving surroundings. The location also provides convenient access to Mueller, Dell Children’s Medical Center, the University of Texas and Dell Medical District, Downtown Austin, and major transportation corridors including I-35 and US-290.
Nearby Mueller offers a significant concentration of retail, dining, recreation, healthcare and employment, including Mueller Lake Park, the Mueller Farmers’ Market, Alamo Drafthouse and a growing mix of restaurants and neighborhood amenities.
For the investor looking beyond today’s operations, 1302 E 52nd presents something increasingly difficult to replicate in Central Austin: an existing income-producing multifamily property in an established infill location with the flexibility to consider multiple strategies for its next chapter.
Financial information and additional property details are available upon request.
- Property Type
- Commercial Sale
- Year Built
- 1962
- Lot Size
- 0.70 acres
Listing information last updated October 12, 2026.
Listed by Douglas Elliman Real Estate
MLS# 5972252 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Carpet
- Laminate
- Tile
- Heating
- Central,Natural Gas
- Cooling
- Central Air
Exterior & Lot
- Brick Veneer
- Concrete
- Frame
- Masonry – Partial
- Slab
- Lot Size
- 0.70 Acres
- Enclosed
- Gated
- Off Street
- Private
- Reserved
Financial
- Original List Price
- $2,495,000
Utilities
- Electricity Available
- Electricity Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 1302 E 52nd ST, whoever represented it.
- ActiveListed 2026Current price: $2,145,000Original list: $2,495,000MLS 5972252
- Listed · September 4, 2026$2,495,000
- Price changed · October 12, 2026$2,145,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $2,145,000
- Original list
- $2,495,000
- Price movement
- $350K reduction
- Listed / DOM
- Sep 4, 2026 · 61 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $2,357,160
- Assessment Year
- 2025
- Year Built
- 1962
- Parcel ID
- 000000220604
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+18.2% | — | $2,357,160 | $912,600 | $1,444,560 |
2024+0.0% | — | $1,994,520 | $912,600 | $1,263,240 |
2023+22.1% | — | $1,994,520 | $912,600 | $1,081,920 |
2022+6.0% | — | $1,633,462 | $912,600 | $1,081,920 |
2021 | — | $1,541,220 | $912,600 | $720,862 |
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
Illustrative down payment
20% ($429K)
Adjustable assumption - not a lending recommendation.
Home price
$2,145,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Austin pricing, timing, and property scale. No automated valuation claim.
List price
$2,145,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
61 days
Original to current
$350K reduction
$2.5M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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