This property has sold on March 9, 2012. Looking for something similar? Contact us or browse available homes.

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$249,998
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Easy entry into the Multi-Family Apartment business with Owner Finance at reasonable rates and down payments. Local operators prefered. Remarkable cash flow potential. Has 14 One Bedroom Units that rent for $$350 per month. Total cash flow of $4900 vs. payment of $1663. (Estimate) Must be a profit in there somewhere. Property Condition is As Is
Property Type
Commercial Sale
Year Built
1976
Lot Size
0.00 acres
Listed by Buttross Properties
Property Details
Listing timeline with current price, original ask, and market time.
Verified property facts
1405 Gray is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
With 20% down ($50,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1405 Gray is around $1,756 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
1405 Gray was built in 1976 (50 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
20% ($50K)
$249,998
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List price
$249,998
Price per sqft
Not available
Vs. neighborhood median
Not available
Days on market
Not available
Original to current
$2 reduction
$250K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Mar 27, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
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