3814 Southway Dr, Austin, TX 78704

3814 Southway Dr presents a rare opportunity to acquire a fully reimagined fourplex in Austin’s highly sought-after 78704 corridor. Taken down to the studs and rebuilt with durability and modern design in mind, this exceptional multi-family property blends high-end finishes, low-maintenance ownership, and strong income potential in one of Austin’s top rental and short-term rental markets.

Scheduled for completion in June 2025, each of the four units features a spacious 2-bedroom, 1.5-bath layout with interiors designed to appeal to both long-term tenants and short-term rental guests. Major upgrades include a new roof, HVAC systems, plumbing, electrical, insulation, windows, and cabinetry, creating a turnkey investment with minimal maintenance.

Inside, residents and guests will appreciate the modern aesthetic, custom cabinetry, updated kitchens, designer finishes, open-concept living spaces, and contemporary bathrooms designed to compete with newer urban-core construction. The efficient floorplans and premium upgrades position the property well for executive rentals, furnished rentals, traditional leasing, or Airbnb/short-term rental strategies, subject to buyer verification and permitting requirements.

Located minutes from South Lamar, Downtown Austin, Barton Springs, and Zilker Park, the property offers an unbeatable location with strong tenant demand and appreciation potential. Its proximity to major employers, entertainment districts, and Austin’s cultural core makes it especially attractive for professionals, creatives, traveling nurses, tech workers, and visitors seeking an authentic Austin experience.

Whether you are a seasoned investor seeking a stabilized luxury multi-family asset or an owner-operator interested in maximizing rental income potential, 3814 Southway Dr represents a compelling opportunity to own a virtually new-construction fourplex in one of Austin’s neighborhoods.

Offered at $1,450,000. Completion anticipated June 2025.

Three thousand four hundred thirty square feet of raw brick and concrete, reimagined as a fully modernized fourplex in South Austin's 78704 corridor, presents the kind of value proposition that moves fast in this market. Located at 3814 Southway Dr in the South Congress neighborhood, this property combines authentic industrial bones with turnkey rental infrastructure, priced at $1.45M or $360 per square foot.

The building's original 1971 masonry and brick construction becomes an asset here. The gut renovation preserved those exposed walls while introducing new HVAC systems, electrical, plumbing, insulation, and roofing, scheduled for completion in June 2025. Each of the four units follows an identical 2-bedroom, 1.5-bath layout with open floor plans, vaulted ceilings, and stainless steel appliances. The concrete and brick create genuine textural contrast against updated kitchen cabinetry and modern bathroom finishes, giving the property personality that newer construction struggles to match.

The unit economics work. Four identical modules mean simplified management, predictable maintenance, and flexible income strategies. Traditional long-term rentals, furnished short-term rentals, or Airbnb operations all work here, subject to permitting verification. The cul-de-sac lot sits on 0.2 acres with private yard space and landscaping, offering residents the rare combination of density and outdoor access.

Location anchors the investment. South Lamar Boulevard is minutes north. Zilker Park and Barton Springs Pool sit within reach for active lifestyle seekers. Downtown Austin lies under 15 minutes south. The property falls within Austin ISD's Travis High School feeder pattern, with Lively Middle School and Galindo Elementary serving the neighborhood. This proximity to employers across South Austin, live music venues along Rainey Street, and cultural institutions near Lady Bird Lake makes the address work for everyone from tech workers to traveling nurses to Austin visitors.

The industrial canvas translates to owner flexibility. Exposed brick and concrete don't demand a specific design direction; they accommodate whatever aesthetic future tenants or operators bring. That authenticity, combined with modern systems and South Austin's consistent rental demand, positions this fourplex as both a stabilized income asset and a property positioned for appreciation as the 78704 ZIP code continues its trajectory upward.

South Congress is the only street in Austin where you can buy custom cowboy boots, eat handmade sushi at a ten-seat counter, and watch 1.5 million Mexican free-tailed bats take flight from a bridge - all within a half-mile walk. That density of experience makes this neighborhood different from every other part of the city. It is a real neighborhood where people live full lives, and the commercial strip at its center happens to be the most photographed street in Texas.

The corridor runs along Congress Avenue south of Lady Bird Lake, roughly from the bridge to Oltorf Street, with residential streets extending east and west. Downtown is a ten-minute walk across the Congress Avenue Bridge. The Texas Capitol is visible from the north end. Perla's does coastal seafood on a patio that becomes a scene on weekends. Home Slice Pizza has had a line since the day it opened. Aba serves Mediterranean with a rooftop view. June's All Day handles the all-day cafe role. Otoko is one of the most exclusive dining experiences in Texas. Magnolia Cafe remains a late-night institution. Jo's Coffee is where the famous mural lives, and Lenoir offers a prix fixe wine garden.

Craftsman bungalows from the 1920s through 1940s give the neighborhood its character, with front porches and mature pecan trees. Modern condominiums line the avenue itself. Contemporary townhomes fill spaces between. Bungalows on decent lots start around $700,000 and can exceed $1.5 million. Condos range from the mid-$400s to over $2 million for luxury high-rise units with downtown views. Lot sizes for single-family homes are small, often under a tenth of an acre, which keeps the density high and the walkability real.

Travis Heights Elementary serves many addresses and carries a loyal following among families wanting a diverse, walkable community. Fulmore Middle School and Travis High School are the secondary feeders. The schools are urban public schools in the truest sense: diverse student bodies, active parent organizations, and programs that benefit from a central location. Some families supplement with Austin Montessori and other private options nearby.

The street itself is a walking experience: vintage clothing, record shops, galleries, and restaurants on both sides of a wide sidewalk. Barton Springs Pool is a short walk west. Blunn Creek Greenbelt cuts through the residential streets. The Lady Bird Lake Boardwalk puts residents on the water trail system without driving. The Congress Avenue Bridge bat colony draws crowds March through October. Social energy peaks on weekend evenings when the avenue fills and patios at Perla's and Home Slice spill onto sidewalks.

South Congress is not directly comparable to suburban luxury neighborhoods because the product is fundamentally different. East Austin has more new construction and grittier energy. Travis Heights is quieter with larger lots. Rainey Street has been consumed by high-rises. South Congress maintains a balance between commercial energy and residential livability none of those can match. The bungalows have proven to be strong long-term holds.

South Congress is for buyers who want to live inside Austin's cultural heartbeat. It works for couples, creatives, and professionals who prioritize walkability and social energy over square footage. It works for investors who understand that a Craftsman bungalow on a South Congress side street is one of the scarcest asset classes in the city.