— bed, — bath on 0.17 acres in Austin. Austin, TX 78753. $925,000.
About This Home
Welcome to 8207 Sam Rayburn Dr, Austin, TX — a newly renovated 8-unit multifamily property comprised of eight one-bedroom, one-bath residences. This asset has undergone extensive recent improvements, including a new roof (2024), one new HVAC system, five new water heaters, four new stoves, five new refrigerators, eight new windows, three new doors, and steel exterior doors installed on all units. Interiors feature fresh paint throughout along with select upgrades.
Additional enhancements include a repaired laundry room ready for equipment installation and added income potential, a new 6-foot cinderblock fence along the rear of the property, and consistent professional pest control. Numerous smaller repairs have also been completed, demonstrating strong attention to detail and making this a truly turnkey multifamily investment opportunity in the Austin market. Further upside exists through the addition of laundry machines and the potential rental of two approximately 5x5 storage spaces for additional revenue.
At 8207 Sam Rayburn Dr in Austin, Austin, this eight-unit multifamily property sits on 0.1724 acres in a location that balances accessibility with residential quietness in the 78753 zip code. Built in 2001 and substantially renovated, the property offers genuine privacy through thoughtful site planning and strategic improvements that create separation from surrounding commercial activity along Sam Rayburn Drive.
The recent construction work demonstrates meticulous attention to operational longevity. A new roof installed in 2024, along with five new water heaters and one new HVAC system, eliminates major capital replacement concerns for the near term. All eight units received new windows and interior fresh paint, while the property added new exterior steel doors across all residences, vinyl siding restoration, and tile and vinyl flooring updates. Four new stoves and five new refrigerators ensure tenant satisfaction without immediate replacement obligations. This combination of systems-level and cosmetic work reflects the kind of behind-the-scenes competence that discerning investors recognize as foundational to stable cash flow.
The investment presents clear pathways to additional income. A repaired laundry room stands ready for washer and dryer installation, a revenue source most multifamily operators recognize but often defer. Two approximately 5x5 storage spaces offer additional monthly rent potential with minimal operational complexity. A new six-foot cinderblock fence along the rear boundary reinforces privacy and defines property edges clearly, while consistent professional pest control maintains the standard expected in well-managed residential properties.
Austin's location near major Austin employment corridors positions this property for reliable tenant demand. The proximity to established residential neighborhoods and the accessibility from Sam Rayburn Drive provide residents with straightforward commutes to jobs across the metro area while maintaining the quieter character of a mature neighborhood setting. The operational simplicity of eight one-bedroom, one-bath units standardizes maintenance and appeals to price-conscious renters seeking practical housing.
This is turnkey multifamily real estate where the previous owner's investment in systems and finishes translates directly into reduced surprises and faster achievement of stabilized operations. The property rewards an operator who recognizes that solid fundamentals and deferred maintenance solutions create the foundation for reliable returns.
The numbers behind this insight
- Offered at
- $925,000
- Listed
- February 19, 2026
- Price changes
- Reduced, down 2.6% from $950,000
- Property Type
- Commercial Sale
- Year Built
- 2001
- Lot Size
- 0.17 acres
Listing information last updated August 6, 2026.
Listed by Keller Williams - Lake Travis
MLS# 3795275 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Tile
- Vinyl
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Concrete
- Vinyl Siding
- Slab
- Lot Size
- 0.17 Acres
- Asphalt
- Assigned
Financial
- Original List Price
- $950,000
Utilities
- Electricity Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
9 records on file
Every recorded listing, sale, and lease at 8207 Sam Rayburn DR, whoever represented it.
- ActiveListed 2026Current price: $925,000Original list: $950,000MLS 3795275
- Price changed · March 31, 2026$925,000
- WithdrawnListed 2022Current price: $1,400,000Original list: $1,400,000MLS 2510935
- SoldOctober 29, 2021Listed at: $1,350,000MLS 4559505
- WithdrawnListed 2017Current price: $777,000Original list: $800,000MLS 1120449
- ExpiredListed 2012Current price: $330,000Original list: $360,000MLS 8717059
- SoldJuly 5, 2011Listed at: $159,900MLS 8720383
- ExpiredListed 2010Current price: $199,000Original list: $299,900MLS 7885023
- ExpiredListed 2008Current price: $409,000Original list: $409,000MLS 3522471
- ExpiredListed 2004Current price: $299,999Original list: $396,000MLS 7773746
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
- $925,000
- Original list
- $950,000
- Price movement
- $25K reduction
- Listed / DOM
- Feb 19, 2026 · 246 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,209,600
- Assessment Year
- 2025
- Year Built
- 2001
- Parcel ID
- 000000238176
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+12.5% | — | $1,209,600 | $225,353 | $984,247 |
2024+20.0% | — | $1,075,200 | $225,353 | $917,047 |
2023+11.1% | — | $896,000 | $225,353 | $849,847 |
2022+6.2% | — | $806,400 | $225,353 | $670,647 |
2021 | — | $759,000 | $225,353 | $581,047 |
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($185K)
Adjustable assumption - not a lending recommendation.
$925,000
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Keenan Market Position
A sourced read on Austin pricing, timing, and property scale. No automated valuation claim.
List price
$925,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
246 days
Original to current
$25K reduction
$950K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 16, 2026.
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