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$777,000

NAL Estimated Property Value

2802 Whitis Ave, Austin, TX, 78705

Off MarketInfo
Baths2,590 Sq Ft
ApartmentApartment
Year BuiltBuilt in 1956

Highlights

Interior

Heating Floor/WallHeating Floor/Wall
FlooringSee Remarks

Exterior

Lot Size5,175 sqft

Building Information

Year Built1956
Stories1
Roof Type183

Land Information

APN02150301060000
Lot Number10
SubdivisionWhitis Subd
Land UseCommercial
Legal DescriptionE 103.5FT OF N 50FT OF S 63FT LOT 10 BLK 13 OLT 13 DIV D WHITIS SUBD
Census Tract000601
Assessed Land Value$776,250
Assessed Improvement Value$750
Assessment Year2024

About this property

10 unit apartment complex with fully furnished units, just one block from the University of Texas Austin! Each of the studios with a full, private bathroom have been fully remodeled or are in the process of being remodeled. Exterior includes pitched roof installed in 2025 and freshly painted. Interior remodel includes vinyl flooring, wood trim, and double paned windows. Kitchen remodel includes white shaker cabinets, butcher block countertops, range, microwave, refrigerator, and backsplash. Bathroom includes new tub, tile, toilet, and vanity. Laundry hookup in each unit. Furnishings include a Murphy Bed-Sofa combo, desk, and chair. Perfect to rent to UT students or as AirBNB rentals. Units are renting for $1,450 per month to UT students as quickly as the units are remodeled.

Investor Tools

Property Icon
$777,000
Estimated Property Value
$1,246,792Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,970 /month
Positive
Cash Flow Estimate:
$3,990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,269/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$777,000
2024
$776,250
$750
$777,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$777,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Housemax Funding Llc
Open End Mortgage / Open End With Future Advance Clause
$1,275,000
No
First
Dec 12, 2024
Jan 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,246,792
N/A
0%
160%
$7,645/mo

Learn About the Market: Opportunity in Austin

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Explore

Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

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Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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2802 Whitis Ave | Property Details | No Agent List