32-Unit Multifamily in Austin, TX

OVERLOOK RESIDENCES | 32-UNIT, 96-BEDROOM GATED TOWNHOME COMMUNITY | 4.7 MILES TO UT AUSTIN

Overlook Residences is a brand-new, gated community of 32 three-bedroom townhomes on approximately 2.7 acres in East Austin, offered as a single portfolio sale of the entire project at $20,000,000 ($625,000 per unit). With 96 bedrooms, 2.5 baths in every unit, and a straight 4.7-mile run down MLK Blvd to the University of Texas at Austin, the property is built for an investor seeking a turnkey, by-the-bed student housing or build-to-rent asset in one of the most supply-constrained college markets in the country.

THE UT AUSTIN LOCATION: UT Austin Main Building (the Tower) is 4.7 miles, about 18 minutes via E MLK Jr Blvd. UT east campus at the Moody Center (MLK and Red River) is 3.7 miles, about 12 minutes. CapMetro Route 18 runs along MLK between the property and campus. Huston-Tillotson University is 3.8 miles, ACC Eastview Campus 2.7 miles, and the Texas State Capitol and Downtown 4.4 miles. The Mueller District is under 10 minutes, US-183 is 2 minutes, and Austin-Bergstrom Airport is about 10 minutes. E MLK Jr Blvd (FM 969) runs straight west to I-35 and meets campus at the Moody Center and stadium district, so residents reach UT without getting on the freeway.

BUILT FOR STUDENT HOUSING: 32 identical 3 BR / 2.5 BA units for a simple, repeatable 96-bed lease-up. Two 3-story plans: Perch (1,590 SF) with a private rooftop terrace, and Nest (1,996 SF) with a ground-level flex room for a study, office or potential additional bedroom (buyer to verify occupancy rules). Every unit has a private fenced yard, two carport spaces, storage and an installed EV charger. Gated entry with vehicular gate and perimeter fencing, and a lock-and-leave HOA structure covering landscaping, exterior maintenance and common areas. The community backs to the 10-acre Blair Woods Nature Preserve with walking trails and mature tree canopy; select units have downtown skyline views.

CONSTRUCTION AND MATERIALS: James Hardie 6-inch and 4-inch horizontal lap siding and Hardie Artisan vertical shiplap, 2-inch box-corrugated charcoal metal panel siding, brick veneer and fiber cement soffits. Pitched asphalt shingle roofs with wood-decked rooftop terraces over membrane roofing. Spray foam insulation (R-38 roof assembly), low-E insulated windows and a residential fire sprinkler system. Interiors feature quartz countertops with island seating, full-height tile, walnut-tone cabinetry and stainless appliances. Site features include rainwater harvesting, on-site detention, and a two-way internal drive with guest and accessible parking.

INVESTMENT HIGHLIGHTS: Entire 32-unit community delivered new with no deferred maintenance. Rare concentration of 3-bedroom product under one gate, minutes from a 50,000+ student university. Flexible exit: operate as student housing or build-to-rent, or sell units individually over time. East Austin location between I-35 and US-183, near Mueller, Tesla Giga Texas and the airport. Located in an Opportunity Zone.

Drive times are Google Maps estimates and vary with traffic.

32 New 3BR Townhomes | 96 Beds | 4.7 Miles to UT Austin