5005 Lynnwood St
Austin, TX 78756
- – beds
- – baths
- 3,750 sqft
- 8,999 sqft lot
- $333 per sqft
- 1965 build
- – on site
Located in the heart of the highly sought-after Rosedale neighborhood, 5005 Lynnwood Street presents an exceptional investment opportunity with a beautifully remodeled 1965-built fourplex offering timeless design and modern finishes. This classic multi-family property features townhouse-style apartments, with Units A-C each offering 2 bedrooms and 1 bath (899 SF), while Unit D stands out with 2 bedrooms, 1.5 baths (1053 SF), a private balcony off the master bedroom, and a back patio, ensuring spacious and comfortable living arrangements with dedicated outdoor spaces. Recently updated with high-end design, these units are turnkey for an investor, minimizing upfront costs while maximizing rental potential. Zoned MF-3 for medium density, the expansive 9,000+ SQFT lot allows for future redevelopment, expansion, or a value-add strategy, making it a prime option for investors and developers looking to unlock its full potential. Whether considering condominium conversion for individual sales, maintaining it as a high-performing rental property, or exploring multi-use strategies, this property offers unparalleled flexibility. With no rental restrictions, this asset presents multiple income streams, from short-term to mid-term and long-term rentals, optimizing cash flow and investment returns. Currently, Units B and C are generating $2,250 and $3,000 per month as mid-term rentals, while Units A and D remain vacant for showings, allowing buyers to strategize their own leasing approach. Situated in a prime location, residents enjoy close proximity to Austin’s best restaurants, boutique shopping, lush parks, and the vibrant city center, making it highly attractive to tenants seeking urban convenience in a charming neighborhood setting. This is a rare opportunity to secure a valuable piece of Austin real estate in one of the city's most desirable areas. Don’t miss out—schedule your private showing today!
Last checked:
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Last updated Feb 1, 2025
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MLS# 7550760 —
The Building
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Year Built:1965
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New Construction:false
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Roof:Metal
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Foundation:Slab
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Exterior Features:None
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Accessibility Features:See Remarks
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Patio And Porch Features:Porch
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Window Features:Double Pane Windows
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Levels:Two
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Direction Faces:West
Interior
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Interior Features:Ceiling Fan(s)
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Room Type:Primary Bedroom
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Flooring:Wood
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Laundry Location:In Unit
Room Dimensions
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Living Area:3750
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Living Area Source:Public Records
Financial & Terms
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Possession:Funding
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Restrictions:See Remarks
Location
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Latitude:30.321973
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Longitude:-97.740156
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Directions:Mopac South to Northland. East on Northland Dr. Right on Burnet Rd. Right on Hancock. Left on Lynnwood. Property is on your left.
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Parcel Number:02250304220000
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Property Condition:Updated/Remodeled
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Other Structures:See Remarks
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Lot Features:Level
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Lot Size Acres:0.2066
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Lot Size Area:0 Sqft
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Lot Size SqFt:8,999 Sqft
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SqFt Total:3,897 Sqft
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View:City
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Waterfront:false
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Waterfront Features:None
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Horse:false
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Fencing:See Remarks
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FEMA Flood Plain:See Remarks
Listing Agent
- Contact info:
- Agent phone:
- (512) 593-3138
- Office phone:
- (512) 575-3644
Taxes
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Tax Annual Amount:$15,048.39
The Listing
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Special Listing Conditions:See Remarks
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Listing Terms:Cash
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Occupant Type:Vacant
Heating & Cooling
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Heating:Central
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Cooling:Central Air
Utilities
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Utilities:Electricity Connected
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Sewer:Public Sewer
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Water Source:Public
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Electric On Property:true
Appliances
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Appliances:Stainless Steel Appliance(s)
Schools
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Elementary School:Highland Park
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Elementary School District:Austin ISD
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Middle School:Lamar (Austin ISD)
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Middle School District:Austin ISD
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High School:McCallum
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High School District:Austin ISD
The Community
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Subdivision Name:Rosedown
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Community Features:See Remarks
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Pets Allowed:Cats OK
Parking
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Parking Features:Parking Lot
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Garage:false
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Attached Garage:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/1/25
Feb 1, 2025
|
Listed / Active | ABOR | $1,250,000 |
