15-Unit Multifamily Investment + Repositioning Opportunity
In-Place Income | Strategic Infill Location | Multiple Value-Creation Paths
1302 E 52nd St presents a rare opportunity to acquire an existing 15-unit multifamily asset with in-place income and multiple potential paths for future value creation. Positioned in a strategic Central Austin infill location near Mueller, the property offers investors the ability to generate income today while evaluating opportunities to enhance operations or reposition the asset over time.
With established in-place tenancy, the property provides immediate rental income while preserving flexibility for its next chapter. Beyond optimizing the existing multifamily operation, the property’s location and configuration may appeal to investors exploring alternative residential operating models, supportive or workforce housing, mid-term or co-living concepts, or longer-term conversion or redevelopment strategies, subject to applicable zoning, approvals and buyer due diligence.
Directly across the street, SAFE’s Lancaster development adds another dimension to the property’s evolving surroundings. The location also provides convenient access to Mueller, Dell Children’s Medical Center, the University of Texas and Dell Medical District, Downtown Austin, and major transportation corridors including I-35 and US-290.
Nearby Mueller offers a significant concentration of retail, dining, recreation, healthcare and employment, including Mueller Lake Park, the Mueller Farmers’ Market, Alamo Drafthouse and a growing mix of restaurants and neighborhood amenities.
For the investor looking beyond today’s operations, 1302 E 52nd presents something increasingly difficult to replicate in Central Austin: an existing income-producing multifamily property in an established infill location with the flexibility to consider multiple strategies for its next chapter.
Financial information and additional property details are available upon request.
Property Details
- Cooling
- 1
- Heating
- Central, Natural Gas
- Cooling Features
- Central Air
- Acres
- 0.0
- Lot Size (sqft)
- 0.6983
- Parking Features
- Assigned, Enclosed, Gated, Off Street, Private
- Parking Spaces
- 21.0
- Property Type
- Multi-Family
- Property Subtype Additional
- Multi Family
- Year Built
- 1962
- Foundation
- Slab
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Electricity Available, Electricity Connected
- Subdivision
- Ridgetop Gardens Sec 02
- County
- Travis
- Region
- Austin
- Original List Price
- $2,495,000
- Days on Market (Cumulative)
- 10
- Taxes Annual
- $48,238
- MLS #
- 5972252
- Property Subtype
- MultiFamily
- Parcel Number
- 02221405200000
- MLS #
- 5972252
- Property Condition
- Resale
- Date Listed
- September 04, 2026
- Address
- 1302 E 52nd Street
Location
Legal
Based on information submitted to the MLS GRID as of 2026-09-04T23:15:29Z UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Provided By
Listed by Kathleen Magat (#778614)
Listing Office: Douglas Elliman Real Estate (#700901)
