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Cedar Street Flats 3707 Cedar St 16 Unit Apartment Building For Sale Austin, TX 78705
Investment Highlights
- Class mid-century, low-rise multifamily complex in an established neighborhood between North University and Hyde Park
- Affordable price point for young professionals or students
- Favorable NO-NCCD-ETOD Zoning which allows for higher-density redevelopment potential
- The units have been fully remodeled and have easily accessible, off-street, surface parking directly in front of their door
- Convenient proximity to UT, Central Market, North Lamar and numerous medical districts
- 2026 outlook for Austin multifamily: Construction starts are at a 10-year low and Demand is outpacing supply for the first time in 4 years
Executive Summary
Cedar Street Flats is a 16-unit apartment community located at 3707 Cedar Street in Austin. Submarket occupancy averages 96%. The property consists of efficiently designed one-bedroom, one-bathroom residences averaging approximately 450 square feet, with practical layouts that prioritize usable living space. Interiors feature modern upgrades throughout, contemporary cabinetry, upgraded kitchen appliances, and updated lighting and fixtures. Each unit includes large walk-in closets and individually controlled air conditioning systems. The community is supported by functional on-site amenities, including shared laundry facilities, dedicated surface parking, and a pet-friendly environment. The owners have completed both interior and exterior renovations, enhancing the overall condition, appearance, and functionality of the property.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 450 |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 212837 | Improvements Assessment | $1,260,361 CAD |
| Land Assessment | $1,796,798 CAD | Total Assessment | $3,057,159 CAD |
Property Taxes
Parcel Number
212837
Land Assessment
$1,796,798 CAD
Improvements Assessment
$1,260,361 CAD
Total Assessment
$3,057,159 CAD
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Cedar Street Flats | 3707 Cedar St
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