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Dryfield Apartments 8502 Dryfield Dr 48 Unit Apartment Building For Sale Austin, TX 78758
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.
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.
Data Room Click Here to Access
- Operating and Financials
Property Facts
| Sale Type | Investment | Lot Size | 1.10 AC |
| No. Units | 48 | Building Size | 25,600 SF |
| Property Type | Multifamily | Average Occupancy | 85% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1969 |
| Building Class | C | Parking Ratio | 2.54/1,000 SF |
| Zoning | Austin MF3 Multifam | ||
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 25,600 SF |
| Average Occupancy | 85% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 2.54/1,000 SF |
| Zoning | Austin MF3 Multifam |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | 420 |
| 1+1 | 35 | - | 420 - 600 |
| 2+1 | 2 | - | 900 |
| 3+2 | 1 | - | 950 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $6,588,664 CAD | |
| Land Assessment | $1,338,689 CAD | Total Assessment | $7,927,352 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,338,689 CAD
Improvements Assessment
$6,588,664 CAD
Total Assessment
$7,927,352 CAD
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Dryfield Apartments | 8502 Dryfield Dr
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