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1915 E Martin Luther King Jr Blvd
Austin, TX 78702 Chestnut

Price Upon Request

Apartments For Sale  •  17,595 SF

Property Details

  • Property Type Apartments
  • Total Building Size 17,595 SF
  • Lot Size 0.44 AC
  • Building Class B
  • Year Built 1962
  • Zoning CS-MU-V-CO-NP
60 Transit Score
80 Walk Score

Highlights

Strong In-Place Cap Rate of 5.8% and trending in a positive direction.
Consistently High Historical Occupancy (100%occupied as of 06/23/2026).
Full Renovation Completed in 2023 with about $3.5M spent on new electric, plumbing, appliances, windows, TPO roof, gas lines, interior finish outs.
Diversified Reliable Income Stream between residential, commercial and medical office units with the ability to convert as needed.
A+ Central East Austin Location less than a one mile to UT and two miles to downtown. High walkability score of 84.
Austin Beginning to Rebound – Multifamily construction starts at 10 -year low. Austin boasts the lowest Rent to Income Ratio in the country (18%).

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
7 min - 3.1 mi
AirportDriveWalkDistance
Austin-Bergstrom International 22 min - 11.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 26
Type: Surface
Included in Rent: Yes
Daniel Elam 512-343-2700 Muskin | Elam Group
Daniel Elam 512-343-2700 Muskin | Elam Group