3405 Cedar St Austin, TX 78705
North University NeighborhoodEstimated payment $16,586/month
Total Views
12,878
10
Beds
9.5
Baths
4,170
Sq Ft
$600
Price per Sq Ft
Highlights
- Second Kitchen
- Home Theater
- Deck
- Russell Lee Elementary School Rated A-
- Two Primary Bathrooms
- Property is near public transit
About This Home
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 2025 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!
Listing Agent
Compass RE Texas, LLC Brokerage Phone: (512) 777-0205 License #0580831 Listed on: 06/26/2025
Co-Listing Agent
Compass RE Texas, LLC Brokerage Phone: (512) 777-0205 License #0602041
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $33,023
Year Built
- Built in 2021
Lot Details
- 9,361 Sq Ft Lot
- West Facing Home
- Partially Fenced Property
- Wood Fence
- Xeriscape Landscape
- Few Trees
Home Design
- Triplex
- Pillar, Post or Pier Foundation
- Slab Foundation
- Shingle Roof
- Composition Roof
- HardiePlank Type
- Stucco
Interior Spaces
- 4,170 Sq Ft Home
- 2-Story Property
- Furnished
- High Ceiling
- Ceiling Fan
- Recessed Lighting
- Double Pane Windows
- Blinds
- Window Screens
- Multiple Living Areas
- Living Room
- Dining Room
- Home Theater
- Home Office
- Bonus Room
- Fire and Smoke Detector
- Washer and Dryer
Kitchen
- Second Kitchen
- Eat-In Kitchen
- Gas Oven
- Electric Cooktop
- Free-Standing Range
- Range Hood
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Granite Countertops
- Disposal
Flooring
- Wood
- Laminate
- Concrete
- Tile
Bedrooms and Bathrooms
- 10 Bedrooms
- Walk-In Closet
- Two Primary Bathrooms
Parking
- 6 Parking Spaces
- Alley Access
- Driveway
- Paved Parking
- Outside Parking
- Off-Site Parking
Outdoor Features
- Deck
- Patio
- Front Porch
Location
- Property is near public transit
Schools
- Lee Elementary School
- Kealing Middle School
- Mccallum High School
Utilities
- Central Heating and Cooling System
- Underground Utilities
- Tankless Water Heater
- High Speed Internet
- Phone Connected
- Cable TV Available
Community Details
- No Home Owners Association
- Inman Heights Subdivision
Listing and Financial Details
- Assessor Parcel Number 0218040910
- Tax Block 1
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $36,596 | $2,512,230 | $600,000 | $1,912,230 |
| 2022 | $33,458 | $1,694,145 | $720,000 | $974,145 |
| 2021 | $16,940 | $778,272 | $467,500 | $310,772 |
| 2020 | $12,869 | $600,000 | $467,500 | $132,500 |
| 2018 | $11,919 | $538,342 | $467,500 | $70,842 |
| 2017 | $12,243 | $548,989 | $467,500 | $81,489 |
| 2016 | $11,730 | $525,972 | $429,000 | $96,972 |
| 2015 | $10,590 | $503,258 | $341,000 | $162,258 |
| 2014 | $10,590 | $445,000 | $372,000 | $73,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | For Sale | $2,500,000 | +358.7% | $600 / Sq Ft |
| 09/21/2015 09/21/15 | Sold | -- | -- | -- |
| 08/24/2015 08/24/15 | Pending | -- | -- | -- |
| 08/11/2015 08/11/15 | For Sale | $545,000 | -- | $293 / Sq Ft |
Source: Unlock MLS (Austin Board of REALTORS®)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Itc | |
| Vendors Lien | -- | Independence Title Co | |
| Special Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | -- | |
| Special Warranty Deed | -- | First American Title | |
| Trustee Deed | $290,008 | None Available | |
| Vendors Lien | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | New Conventional | |
| Closed | $500,000 | New Conventional | |
| Previous Owner | $500,000 | Commercial | |
| Previous Owner | $259,000 | Commercial | |
| Previous Owner | $150,000 | Commercial | |
| Previous Owner | $75,000 | Commercial | |
| Previous Owner | $35,000 | Commercial |
Source: Public Records
Similar Home in Austin, TX
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 6299220
APN: 212972
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