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Tahoe Condominiums 5220 Tahoe Trl 8 Unit Apartment Building $2,215,248 CAD ($276,906 CAD/Unit) Austin, TX 78745
Investment Highlights
- Eight-unit multifamily condo asset with stable in-place income and upside through rent growth.
- Strong tenant appeal: in-unit washer/dryers in all one-bedrooms, plus a fireplace and balcony in an upstairs unit.
- Individually taxed units with flexible ownership and exit strategy (12.50% common interest each).
- Recent upgrades reduce near-term capex: new 50-year roof, new gutters, gravel landscaping (2024), and four new water heaters.
Executive Summary
Offered for sale is an 8-unit multifamily condominium asset in Austin providing stable in-place income with clear upside through rent growth and operational efficiencies. The property consists of eight individually taxed condominium units (each conveying a 12.50% undivided interest in common elements), offering flexible ownership and exit strategies. The unit mix is primarily one bedroom residences ranging from approximately 535 SF to 959 SF, with in-unit washer/dryers in all one-bedroom units and added tenant appeal in an upstairs unit featuring a fireplace and private balcony. Current rents are below market, supporting meaningful upside through rent optimization. Financial figures provided are based on the 2025 rent roll and are deemed reliable but not guaranteed.
Property Facts
| Price | $2,215,248 CAD | Building Class | C |
| Price Per Unit | $276,906 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 10,947 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1981 |
| Property Subtype | Apartment | Parking Ratio | 0.91/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LO | ||
| Price | $2,215,248 CAD |
| Price Per Unit | $276,906 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 10,947 SF |
| No. Stories | 3 |
| Year Built | 1981 |
| Parking Ratio | 0.91/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LO |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 537 - 618 |
| 2+1 | 2 | - | 939 - 950 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
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Tahoe Condominiums | 5220 Tahoe Trl
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