3405 Cedar ST Austin, TX 78705 Price Dropped by $500K

UPDATED: 10/30/2025 05:25 PM ON MARKET: 22 days on market

$2,000,000

5,158 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,158 sqft

Price per Sqft $387

Subdivision Inman Heights

MLS Listing ID 1521067

Year Built 2021

Annual Tax Amount $32,080

Tax Year 2025

Lot Size 9,361 Sqft

Acres 0.2149

Property Sub-Type Multi Family

Source actris

Property Description

Turnkey investment in prime North University location. Investor-ready and built in 2021, this fully furnished triplex in North University offers a rare, low-maintenance opportunity just minutes from the University of Texas at Austin. Designed for optimal rental income, the property consists of three separate units: a 6 bed/6 bath, a 3 bed/2.5 bath, and a 1 bed/1 bath—perfectly suited to the needs of student tenants. Projected gross rent for 2026 is $14,000/month, based on current management and leasing structures. Owner is in process of leasing all units. Professional-grade finishes and stylish furnishings throughout that appeal to students seeking move-in-ready housing. The property also features ample parking for 6 vehicles, a rarity in the area. With proximity to campus and strong rental demand, this is a high-yield, low-hassle addition to any investment portfolio. Not an investor? This property also has owner-occupant and short-term rental potential!