1700 Northwood Rd, Austin, TX 78703

Brykerwoods 4plex income producing property on a spacious corner lot with large shared yard space convenient to Seton, UT, and Downtown. The floorplan mix includes a duplex facing Northwood with two leased units both 2/1. In the other Duplex facing Jefferson there's an upstairs 1/1 with a spacious loft and covered patio that is leased and downstairs there's a Studio apartment that is also currently leased. The Studio is primed for expansion to a full 1/1 utilizing the single bay garage adjoining the space. There's a separate laundry room w/ washers and dryers and enough off-street parking for each bedroom space. No carpet in any of the units and some feature original hardwoods with updating already done to several kitchens and bath spaces. The area has a high bike score of 75! The location is prime for future redevelopment so many opportunities exist whether its for cash flow, capital improvement to increase cash flow and appreciation, or future site redevelopment. Inquire about recent third party independent appraisal report validating sales price

A fully leased fourplex on a 0.205-acre corner lot in Bryker Woods is the core value at 1700 Northwood Rd, especially with only seven days on market and a price point of $1.20M, or $435 per square foot. In Austin ISD, with Casis, O Henry, and Austin High in the school path, this is a residential income asset in 78703 that combines current cash flow with a location profile that stays relevant over time.

The building totals 2,758 square feet and dates to 1939, which matters here because the appeal is not only the unit count but the flexibility inside the footprint. The layout includes two leased 2-bedroom, 1-bath units facing Northwood, plus a second duplex configuration facing Jefferson with a leased upstairs 1-bedroom, 1-bath unit that includes a loft and covered patio, and a leased studio below. That studio has a clear value-add angle because the adjoining single-bay garage creates a path to expand it into a full 1-bedroom, 1-bath unit. For an investor, that is the kind of built-in optionality worth paying attention to because it can improve future rent structure without changing the site fundamentals.

The corner-lot configuration also adds practical utility. Shared yard space is larger than many multifamily properties in this part of Austin, and the off-street parking count is strong enough to serve each bedroom space. There is a separate laundry room with washers and dryers, no carpet in any unit, and some units retain original hardwoods while several kitchens and baths have already been updated. That combination matters because it reduces near-term turnover friction while preserving room for targeted capital improvements where they can produce measurable rent growth.

Location is part of the underwriting here. The property is positioned for access to Seton, UT, and Downtown, which supports tenant demand across multiple renter profiles. In a submarket where land, centrality, and redevelopment potential all influence long-term pricing, a corner parcel with existing income is a different proposition than a standard small multifamily hold.

This is the kind of asset that can be kept as a stabilized income property, improved selectively to push returns, or held for a future redevelopment decision, which is exactly why its long-term value rests on both what it produces now and what the site can support next.

Bryker Woods is a 1930s-50s neighborhood in 78703, between West 29th and 38th streets, defined by front-porch bungalows, mature tree canopy, and walkability to the 35th Street dining corridor. Median home price $1.5M. Austin ISD schools — Bryker Woods Elementary is one of the few Austin campuses where every family walks.

The housing stock is almost entirely original bungalows and cottages on lots under a quarter acre. Some have been carefully updated, others are untouched. The Old West Austin National Register Historic District designation covers the area, which explains the cohesive streetscape. New construction exists but must work within the scale of the neighborhood. Lot values run $600K-$1M.

Daily life revolves around proximity. Kerbey Lane Cafe (open since 1980) and Central Market on North Lamar are walkable or a short bike ride. Shoal Creek Trail runs along the neighborhood edge. UT campus is a 15-minute bike ride — no parking pass needed. Tiny Boxwoods and Postino on 35th Street handle the dinner rotation.

What separates Bryker Woods from adjacent Tarrytown: smaller scale, lower price point, and a denser, more walkable feel. The lots are compact but the canopy makes them feel larger. This is a neighborhood for people who value community proximity over estate-level privacy.