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4210 Red River St
Austin, TX 78751
Casa Marfil · Multifamily Property For Sale
·
73 Units
Investment Highlights
- COMPREHSIVE RENOVATION, TURNKEY ASSET
- SUPPLY CONSTRAINTS / INFILL SCARCITY
- WALKABLE HYDE PARK INFILL LOCATION
Executive Summary
COMPREHENSIVE RENOVATION, TURNKEY ASSET
Casa Marfil is a 73-unit, 1970-vintage community that completed a comprehensive $1.57 million renovation in 2025 — approximately $21,500 per unit invested
by current ownership. The renovation scope covered major systems and surfaces: a full roof replacement, electrical upgrades with all-new subpanels, washer/ dryer connections added throughout, and completely refreshed interiors featuring quartz countertops, stainless steel appliances, modern flooring, and tile shower surrounds. Exterior improvements included all new windows and doors, new railings, fresh paint, and a renovated pool and lounge area — leaving a buyer with a like-new asset and minimal near-term capital requirements.
WALKABLE HYDE PARK INFILL LOCATION
Situated at the edge of Hyde Park and Hancock — two of Austin's most established and supply-constrained close-in neighborhoods — Casa Marfil places residents steps from a full-service HEB grocery and within easy walking distance of Duval Street dining, independent coffee shops, and neighborhood retail. The University of Texas campus anchors consistent renter demand less than a mile to the south, drawing students, faculty, and university-adjacent professionals alike. Seton Medical Center and multiple CapMetro bus lines add further depth to the renter pool across both student and workforce household profiles. The property enjoys strong street presence along Red River Street, providing the kind of visibility that supports organic leasing activity and brand recognition in a dense urban submarket.
SUPPLY CONSTRAINTS, NEW SUPPLY BARRIERS
Hyde Park is among Austin's most established infill neighborhoods, where vacant land is scarce and new multifamily development faces meaningful barriers – both physical and political. Despite 2024 and 2025 ranking among the largest delivery years in Austin MSA history, this submarket accounted for less than 2.3% of total units completed (RealPage). Casa Marfil's fully renovated condition positions it as among the best-conditioned assets in the submarket, with little comparable new supply expected to
compete directly for the same renter profile.
Casa Marfil is a 73-unit, 1970-vintage community that completed a comprehensive $1.57 million renovation in 2025 — approximately $21,500 per unit invested
by current ownership. The renovation scope covered major systems and surfaces: a full roof replacement, electrical upgrades with all-new subpanels, washer/ dryer connections added throughout, and completely refreshed interiors featuring quartz countertops, stainless steel appliances, modern flooring, and tile shower surrounds. Exterior improvements included all new windows and doors, new railings, fresh paint, and a renovated pool and lounge area — leaving a buyer with a like-new asset and minimal near-term capital requirements.
WALKABLE HYDE PARK INFILL LOCATION
Situated at the edge of Hyde Park and Hancock — two of Austin's most established and supply-constrained close-in neighborhoods — Casa Marfil places residents steps from a full-service HEB grocery and within easy walking distance of Duval Street dining, independent coffee shops, and neighborhood retail. The University of Texas campus anchors consistent renter demand less than a mile to the south, drawing students, faculty, and university-adjacent professionals alike. Seton Medical Center and multiple CapMetro bus lines add further depth to the renter pool across both student and workforce household profiles. The property enjoys strong street presence along Red River Street, providing the kind of visibility that supports organic leasing activity and brand recognition in a dense urban submarket.
SUPPLY CONSTRAINTS, NEW SUPPLY BARRIERS
Hyde Park is among Austin's most established infill neighborhoods, where vacant land is scarce and new multifamily development faces meaningful barriers – both physical and political. Despite 2024 and 2025 ranking among the largest delivery years in Austin MSA history, this submarket accounted for less than 2.3% of total units completed (RealPage). Casa Marfil's fully renovated condition positions it as among the best-conditioned assets in the submarket, with little comparable new supply expected to
compete directly for the same renter profile.
Property Facts
| Sale Type | Investment | Lot Size | 1.47 AC |
| No. Units | 73 | Building Size | 70,959 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1970 |
| Building Class | C | Parking Ratio | 1.07/1,000 SF |
| Zoning | MF-3-NP | ||
| Sale Type | Investment |
| No. Units | 73 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.47 AC |
| Building Size | 70,959 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | MF-3-NP |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Vinyl Flooring
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Pool
- Property Manager on Site
- Tenant Controlled HVAC
- Furnished Units Available
- Maintenance on site
- Private Bathroom
Property Taxes
| Parcel Number | 214976 | Improvements Assessment | $6,252,049 CAD |
| Land Assessment | $3,961,939 CAD | Total Assessment | $10,213,988 CAD |
Property Taxes
Parcel Number
214976
Land Assessment
$3,961,939 CAD
Improvements Assessment
$6,252,049 CAD
Total Assessment
$10,213,988 CAD
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