Rio Flats

2822 Rio Grande St, Austin, TX 78705

  • For Sale $4,950,000
  • Property Type Multi-Family
  • Property Size 9,331 SF
  • Units 9
  • Lot Size 0.31 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2015
  • Date Updated Jul 1, 2025
Discover the vibrant surroundings of the property nestled in the heart of Austin, TX. This prime location offers unparalleled access to an array of amenities, from renowned dining establishments to upscale shopping destinations. Just moments away, the University of Texas at Austin creates a dynamic backdrop, fostering a hub of innovation and talent. Nearby, the scenic Lady Bird Lake provides an idyllic escape for outdoor pursuits. With easy access to major thoroughfares and a thriving business community, the area presents a compelling opportunity for office building investors seeking a strategic foothold in one of the nation's most dynamic and entrepreneurial cities.Introducing a prime opportunity for multifamily investors: a meticulously crafted 9,331 SF building boasting 9 units, ideally positioned in the thriving West Campus area of Austin. Built to exacting standards in 2015, this property offers modern design and functionality to cater to the discerning tenant. Zoned MF-4-ETOD-DBETOD-NP and situated within the the University Neighborhood Overlay, it presents a versatile canvas for development and expansion. The property's strategic location ensures seamless access to the city's amenities and attractions while providing a serene retreat for residents. With a strong rental market and a track record of robust demand, this investment promises a compelling blend of luxury living and lucrative returns.
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Highlights

  • 3 distinct floor plans
  • 9 total units - 8 three bedroom & 1 two bedroom
  • Ample ground level parking on property
  • Located in the University Neighborhood Overlay
  • Significant upside in income with tenant backfill
  • Situated on Rio Grande St between Lamar & Guadalupe just minutes from UT Austin
  • Spacious custom designed units with modern finishes

Contacts

broker
Jason Hellberg

eXp Commercial

Location

Getting Around

  • Walk Score ®

    94/100 Walker's Paradise

  • Transit Score ®

    61/100 Good Transit

  • Bike Score ®

    94/100 Biker's Paradise
Powered by Walk Score ®
  • City Austin, TX
  • Neighborhood West University
  • Zip Code 78705
  • Market Austin

Points of Interest

  • Downtown

    2.12 miles

  • MLK Jr.

    2.35 miles

  • Zilker Eagle

    2.63 miles

  • Highland

    2.86 miles

  • Crestview

    3.34 miles

  • McKalla

    6.61 miles

  • Kramer

    6.96 miles

  • 7-Eleven

    0.34 miles

  • PIE AE PUB UT ANTONIO 2

    0.45 miles

  • PIE AE PUB UT ANTONIO 1

    0.45 miles

  • Shell

    0.45 miles

  • Valero

    0.63 miles

  • Circle K

    0.81 miles

  • Hotel Ella Tesla Destination

    0.84 miles

  • PIE AE PUBCENTRALMKTN

    0.95 miles

  • ACCAE RIO GRANDE SUR 2

    1.23 miles

  • ACCAE RIO GRANDE SUR 1

    1.24 miles

  • 27th Street Garage

    0.43 miles

  • San Antonio Garage

    0.45 miles

  • Speedway Garage

    0.50 miles

  • Austin Medical Center Patient Visitor Parking

    0.63 miles

  • Midtown Medical Parking Garage

    0.66 miles

  • Gables Central Park

    0.73 miles

  • San Jacinto Garage

    0.85 miles

  • Hyde Park Baptist Parking Facility

    0.86 miles

  • Conference Center Garage

    0.91 miles

  • Guadalupe Garage

    1.07 miles

  • Moxy Austin - University

    0.36 miles

  • The Quarters at Hardin House

    0.63 miles

  • Austin Folk House

    0.67 miles

  • Goodall Wooten House

    0.83 miles

  • The Otis Hotel, Autograph Collection

    0.87 miles

  • AT&T Executive Education and Conference Center

    0.93 miles

  • Hampton Inn & Suites Austin at The University/Capitol

    1.09 miles

  • Hilton Garden Inn

    1.10 miles

  • DoubleTree Suites by Hilton Austin Downtown Capitol

    1.23 miles

  • Rodeway Inn University / Downtown

    1.26 miles

  • Cabo Bob's

    0.05 miles

  • Conan's Pizza

    0.06 miles

  • JuiceLand

    0.07 miles

  • Subway

    0.08 miles

  • Taco Shack

    0.10 miles

  • Sip Pho

    0.12 miles

  • Dirty Martin's

    0.13 miles

  • Torchy's Tacos

    0.17 miles

  • Thai Kitchen

    0.19 miles

  • Trudy's Texas Star

    0.20 miles

  • All Saints Episcopal Day School

    0.39 miles

  • Austin Presbyterian Theological Seminary

    0.41 miles

  • St Andrew's Episcopal School

    0.59 miles

  • University of Texas at Austin

    0.72 miles

  • Seminary of the Southwest

    0.73 miles

  • Bryker Woods Elementary School

    0.77 miles

  • Robbins Academy

    0.77 miles

  • Saint Austin Catholic School

    0.81 miles

  • Butler School of Music

    0.98 miles

  • Lee Elementary School

    0.99 miles

  • University United Methodist Church Early Childhood Center

    0.50 miles

  • Capitol Complex Child Development Center

    1.23 miles

  • Casis Elementary

    1.39 miles

  • Ebenezer Baptist Church Child Development Center

    2.00 miles

  • Primrose School

    2.49 miles

  • Extend-A-Care YMCA

    2.73 miles

  • Grace Garden Child Development Center

    2.79 miles

  • Green Sprout Preschool

    2.82 miles

  • The Rise School of Austin

    3.20 miles

  • Sammy's House

    3.26 miles

Frequently Asked Questions

How much does Rio Flats cost?

The space currently listed for sale at Rio Flats asks for $4,950,000.

What is the total square footage of Rio Flats?

Rio Flats totals 9,331 square feet.

When was this property built?

Rio Flats was built in 2015.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Jason Hellberg

eXp Commercial

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