8616 Putnam Dr, Austin, TX 78757
Local realty services provided by:ERA Experts
Listed by: aaron jistel
Office: listingspark
MLS#:3877142
Source:ACTRIS
8616 Putnam Dr,Austin, TX 78757
$895,000
- - Beds
- - Baths
- 4,078 sq. ft.
- Multi-family
- Active
Price summary
- Price:$895,000
- Price per sq. ft.:$219.47
About this home
This is the property buyers wait for, live in it, invest in it, or both, with the kind of location, income, and flexibility that makes sense the moment you see it. WOW! $6,950 per month in current income with exceptionally stable tenancy, featuring residents in place for 12 to 17 years. Beautifully maintained, locally owned four plex professionally managed since 2007, with rents paid electronically via Zelle. The property consists of four walk up, garden style units, each approximately 1,010 sq ft with 2 bedrooms and 1.5 baths. Unit 101 is vacant as of Feb 15, 2026, creating immediate flexibility for owner occupancy, lease up, or repositioning without tenant displacement. Located in a highly desirable central Austin corridor minutes from The Domain, The Arboretum, major employers, retail, and transit, this property benefits from sustained rental demand and limited small multifamily supply, making it a smart, durable investment in today’s Austin market. Especially compelling for owner occupied buyers, the four plex structure allows a resident owner to offset housing expenses with rental income while benefiting from favorable owner occupied multifamily financing. Long term in place tenants provide predictable cash flow and reduced turnover. Capital improvements reflect pride of ownership. 2024 upgrades include private fenced xeriscape courtyards, steel privacy panels with metal gates, security screen doors, rekeyable locks, and a shared rear yard with cedar fencing and mature trees. 2019 renovations include four 14 SEER HVAC systems, energy efficient windows, Hardie board siding, and a repaved parking lot with eight dedicated spaces plus street parking. Unit features include gas ranges and refrigerators, dishwasher hookups, laundry hookups, decorative fireplaces in Units 101 and 104, ceramic tile and vinyl plank flooring, no carpet, and select patio or French doors. Corner lot with mature trees and low maintenance landscaping. Indiv-package, 9007 Quail Valley 6126992....
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Home facts
- Year built:1968
- Subdivision & Development:Wooten Terrace Sec 03
- Listing ID #:3877142
- Updated:October 09, 2026 at 03:52 PM
Rooms and interior
- Flooring:Linoleum, Tile
- Kitchen Description:Disposal, Oven, Refrigerator
- Living area:4,078 sq. ft.
Heating and cooling
- Cooling:Central
- Heating:Central
Structure and exterior
- Roof:Composition, Shingle
- Year built:1968
- Building area:4,078 sq. ft.
- Lot area:0.18 Acres
- Lot Features:Corner Lot, Curbs, Level
- Construction Materials:Brick Veneer, Frame, HardiPlank Type
- Exterior Features:Gutters Full
- Foundation Description:Slab
Schools
- High school:Navarro Early College
- Elementary school:Wooten
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$895,000
- Price per sq. ft.:$219.47
- Tax amount:$13,539 (2024)
Features and amenities
- Appliances:Disposal, Dryer Connections, Oven, Refrigerator, Washer Hookup, Water Heater
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