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Dryfield Apartments 2 Multifamily Properties in Austin, TX
Investment Highlights
- Located in North Austin with convenient access to US-183, MoPac Expressway, and I-35.
- Situated within a growing submarket experiencing strong population and household growth.
- Positioned near The Domain, a major mixed-use destination with retail, dining, and office space.
- Approximately 18 miles from Austin-Bergstrom International Airport and 9 miles from Downtown Austin.
Executive Summary
Walker & Dunlop Investment Sales (WDIS) has been exclusively retained to offer the fee simple interest in Dryfield Apartments & Studios (the “Property”), a 48 unit low density, garden-style apartment community featuring two 1970-vintage buildings on either side of Dryfield Drive in North Central Austin, TX. Positioned near The Domain (Austin’s “Second Downtown”), the Property is proximate to tech heavyweights Amazon, IBM, Facebook, and Indeed, while supported by over 113,000 employees within three miles. Residents enjoy the most dynamic leisure and entertainment choices in the MSA via The Domain, Gateway, Austin FC Q2 Stadium, Northcross Mall, and the nearby brewery district, while walking distance to needs-based retail and local eateries. Centrally located with direct access to major thoroughfares Highway 183, I-35, and MoPac Expressway, the Property is strategically positioned in a rapidly gentrifying submarket that saw 19% single family home price appreciation in 2020 and an average of 12% annual growth over the past three years. The Property is being offered on a free and clear basis.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 26,008 SF |
| Number of Properties | 2 | Total Land Area | 1.47 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 26,008 SF |
| Total Land Area | 1.47 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Dryfield Apartments
8502 Dryfield Dr, Austin, TX 78758 |
Multifamily | 18,000 SF | 1969 | - |
|
Dryfield Studios Apartments
8501 Dryfield Dr, Austin, TX 78758 |
Multifamily | 8,008 SF | 1970 | - |
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