2411 S 5th Street

Rare MF-4 Opportunity in the Heart of Bouldin Creek

Set in the heart of Bouldin Creek, this .35-acre MF-4 zoned property offers a compelling blend of current income and future potential, less than two miles from downtown Austin. The existing improvements include four 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units, with current rents believed to be below market, presenting an opportunity for near-term upside through strategic updates and repositioning.

Beyond its income potential today, the property’s zoning adds another layer of value. MF-4 allows for 6+ additional units and heights up to 60 feet, making this a noteworthy option for investors and developers looking to capitalize on one of Austin’s most supply-constrained central neighborhoods.

A feasibility study is available for those interested in exploring development potential further. Whether used as a hold for long-term appreciation, a value-add multifamily investment, or a future redevelopment site, the property offers optionality in one of South Austin’s most coveted neighborhoods.

$1,550,000 | 4,760 SqFt | .35-acre | Multifamily Investment Opportunity | Bouldin Creek, Austin, TX