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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.
Property Type
Residential Income
Year Built
1971
Lot Size
0.20 acres
$/Sq Ft
$360
Garage
10 spaces
Listed by Compass RE Texas, LLC
Verified property facts
3814 Southway Dr is listed at $1,450,000 with 0 bedrooms, 4,030 square feet, 0.20-acre lot. This places it above the 78704 median of $1,090,000.
3814 Southway Dr is zoned for Austin ISD with assigned schools: Galindo (elementary), Lively (middle), Travis (high). School assignments should be verified directly with the district.
3814 Southway Dr is in South Congress, Austin, Texas. See the full [South Congress neighborhood guide](/neighborhoods/south-congress-austin) for market data, schools, and lifestyle details.
3814 Southway Dr is a Residential Income built in 1971 featuring 0 bedrooms, 4,030 square feet, 0.20-acre lot.
3814 Southway Dr 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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Listing timeline with current price, original ask, and market time.
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($290K)
$1,450,000
Luxury property intelligence
A sourced read on South Congress pricing, timing, and property scale. No automated valuation claim.
List price
$1,450,000
Price per sqft
$360/sqft
Vs. South Congress median
+241.2%
$425K median
Days on market
21 days
Original to current
No verified reduction
$1.5M original
Active inventory context
22 listings
Price Position in South Congress
Listed 241% above the South Congress median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 1, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in South Congress
Active listings and buyer search context in South Congress
ZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
3814 Southway Dr is priced at $360 per square foot across 4,030 sqft. The South Congress median list price is $425,000.
With 20% down ($290,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 3814 Southway Dr is around $10,182 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,450,000, 3814 Southway Dr is in the South Congress market where there are currently 168 active listings in 78704. The Keenan Group has completed 46 transactions in 78704 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [South Congress guide](/neighborhoods/south-congress-austin).
3814 Southway Dr was built in 1971 (55 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.
South Congress is one of Austin's established neighborhoods, zoned for Austin ISD in the 78704 area. The Keenan Group has specialized in South Congress real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Neighborhood guide and local insights
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.
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