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$1,450,000

3814 Southway Dr, Austin, TX, 78704

On MarketInfo
Baths4,030 Sq Ft
price_per_sqft$359.8 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

BankruptcyAuctionPre-ForeclosureAbsentee OwnerMove-In Ready

Highlights

Interior

Bathrooms Full 6Bathrooms Full 6
HeatingHeating
CoolingCooling
AppliancesCooktop, Refrigerator, Stainless Steel Appliances
FlooringLaminate, Tile

Exterior

Exterior FeaturesPrivate Yard
Lot Size8,777 sqft

Building Information

Year Built1971
Stories2
Roof Type183

Land Information

APN04070701070000
Lot Number6A
SubdivisionSouthridge Sec 2
Land UseResidential
Legal DescriptionLOT 6A RESUB OF LOT 5-6 BLK C SOUTHRIDGE SEC 2
Census Tract002006
Assessed Land Value$360,922
Assessed Improvement Value$380,812
Assessment Year2025

About this property

3814 Southway Dr presents a rare opportunity to acquire a fully reimagined fourplex in Austin’s highly sought-after 78704 corridor. Taken down to the studs and rebuilt with durability and modern design in mind, this exceptional multi-family property blends high-end finishes, low-maintenance ownership, and strong income potential in one of Austin’s top rental and short-term rental markets. Scheduled for completion in June 2025, each of the four units features a spacious 2-bedroom, 1.5-bath layout with interiors designed to appeal to both long-term tenants and short-term rental guests. Major upgrades include a new roof, HVAC systems, plumbing, electrical, insulation, windows, and cabinetry, creating a turnkey investment with minimal maintenance. Inside, residents and guests will appreciate the modern aesthetic, custom cabinetry, updated kitchens, designer finishes, open-concept living spaces, and contemporary bathrooms designed to compete with newer urban-core construction. The efficient floorplans and premium upgrades position the property well for executive rentals, furnished rentals, traditional leasing, or Airbnb/short-term rental strategies, subject to buyer verification and permitting requirements. Located minutes from South Lamar, Downtown Austin, Barton Springs, and Zilker Park, the property offers an unbeatable location with strong tenant demand and appreciation potential. Its proximity to major employers, entertainment districts, and Austin’s cultural core makes it especially attractive for professionals, creatives, traveling nurses, tech workers, and visitors seeking an authentic Austin experience. Whether you are a seasoned investor seeking a stabilized luxury multi-family asset or an owner-operator interested in maximizing rental income potential, 3814 Southway Dr represents a compelling opportunity to own a virtually new-construction fourplex in one of Austin’s neighborhoods. Offered at $1,450,000. Completion anticipated June 2025.

Investor Tools

$809,464Estimated Mortgage Balance
$41,536Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,700 /month
Positive
Cash Flow Estimate:
$2,900 /month

Interested in this property?

Scott Hayes

Compass RE Texas, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,696/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,643
$741,734
2025
$360,922
$380,812
$741,734
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,643
$741,734

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Booboomerang Finance Sub Reit Llc
Building Or Construction Loan
$843,750
No
First
Jan 11, 2024
Jul 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$809,464
$41,536
4%
109%
$5,059/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.

Explore Texas Explore This Area
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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3814 Southway Dr | Property Details | No Agent List