8403 Riverstone Dr
Austin, TX 78724
Map
- – beds
- – baths
- 2,160 sqft
- 8,799 sqft lot
- $184 per sqft
- 2002 build
- – on site
Great investment income property, fully leased and cash flowing from day one. Offered at $399,000, which is $101,000 below a recent $500,000 appraisal. This fully occupied duplex features two spacious 3 bedroom 2 bathroom units generating $1,750 per month in rent per unit, totaling $3,500 per month or $42,000 per year in gross rental income. Titled as real property, this is a rare opportunity to secure instant equity, consistent cash flow, and a turnkey asset in a high demand rental market. The property has a strong rental history and stays rented. Among the strongest cap rate opportunities currently available in Austin. Potential to refinance after purchase and access equity based on current valuation. Do not disturb tenants. Showings allowed during the option period only.
Last checked:
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Last updated Jun 9, 2025
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MLS# 5411757 —
The Building
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Year Built:2002
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New Construction:false
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Roof:Composition
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Foundation:Block
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Exterior Features:Exterior Steps
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Accessibility Features:None
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Patio And Porch Features:None
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Window Features:Vinyl Windows
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Levels:One
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Direction Faces:North
Interior
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Interior Features:Pantry
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Room Type:Kitchen
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Flooring:Laminate
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Laundry Location:Laundry Room
Room Dimensions
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Living Area:2160
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Living Area Source:Public Records
Financial & Terms
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Restrictions:None
Location
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Latitude:30.293044
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Longitude:-97.628349
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Directions:From US-183, head east on Loyola Ln. Turn left on Decker Ln, then right on Colony Loop Dr. Turn right on Sandhof Dr, then left on Riverstone Dr. Property will be on the right.
The Property
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Property Type:Residential Income
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Subtype:Duplex
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Parcel Number:02173805130000
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Property Condition:Updated/Remodeled
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Other Structures:None
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Lot Features:Level
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Lot Size Acres:0.202
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Lot Size Area:0 Sqft
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Lot Size SqFt:8,799 Sqft
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SqFt Total:2,160 Sqft
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Lot Dimensions:73 X 120
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View:None
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Waterfront:false
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Waterfront Features:None
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Horse:false
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Fencing:Fenced
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FEMA Flood Plain:No
Listing Agent
- Contact info:
- Agent phone:
- (713) 683-0054
- Office phone:
- (713) 683-0054
Taxes
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Tax Annual Amount:$7,373.14
The Listing
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Special Listing Conditions:Standard
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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 Available
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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:Dishwasher
Schools
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Elementary School:Overton
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Elementary School District:Austin ISD
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Middle School:Garcia
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Middle School District:Austin ISD
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High School:Lyndon B Johnson (Austin ISD)
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High School District:Austin ISD
The Community
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Subdivision Name:Colony Meadows Sec 02
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Community Features:None
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Pool Features:None
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Pets Allowed:Call
Parking
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Parking Features:None
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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).
