Great investment income property, fully leased and cash flowing from day one. Offered at $345,000, which is below a recent $500,000 appraisal. This fully occupied duplex features two spacious 3 bedroom 2 bathroom units generating $1,700 & $1450 per month in rent per unit, totaling $3,150 per month or $37,800 per year in gross rental income. *Rent prices are subject to change.* 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 by appointment only. 2 other Identical Units available; Sold individually or as a bundle!
Listed by Polly Richards
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License #670597
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My Castle Realty
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(713) 683-0054
Last updated August 20, 2025
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Source: ACTRIS #9129172
Listing Facts
TypeMulti-family
NeighborhoodRogers Hill
Days on Prevu52
Taxes$6,552.59/year
Size2,356 sqft
Price per sqft$140
Amenities
Dishwasher
Private Outdoor Space
Pets Allowed
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
08/20/2025
Price Decreased
$330,000
07/18/2025
Listed by My Castle Realty
$345,000
Property Details for 8203 Riverstone DR
Association
Amenities
Pets Allowed: Call
Exterior
Construction
Property Condition: Resale
Roof: Composition
Window Features: Vinyl Windows
Year Built: 2002
Construction Materials: Frame
Exterior Features: Exterior Steps
Features
Direction Faces: North
Fencing: Fenced, Privacy, Wood
Measurements
Lot Features: Level, Public Maintained Road, Trees-Small (Under 20 Ft)
Lot Size Acres: 0.19
Lot Size Area: 0
Lot Size Square Feet: 8,415
Financial
Taxes
Parcel Number: 02173805040000
Tax Annual Amount: $6,552.59
Tax Assessed Value: $353,744.00
Tax Year: 2025
Interior
Features
Appliances: Dishwasher, Disposal, Microwave, Free-Standing Range, Refrigerator, Electric Water Heater
Flooring: Laminate
Interior Features: Pantry, Walk-In Closet(s)
Measurements
Living Area: 2,356
Living Area Source: Public Records
Other
Location
Subdivision Name: Colony Meadows Sec 02
Tax Block: C
Tax Lot: 2
Parking
Parking
Parking Features: Additional Parking, Driveway, Off Street
Schools
Elementary School
Elementary School: Overton
Elementary School District: Austin ISD
High School
High School: Lyndon B Johnson (Austin ISD)
High School District: Austin ISD
Middle or Junior School
Middle Or Junior School: Garcia
Middle Or Junior School District: Austin ISD
Utilities
Equipment
Cooling: Central Air, Electric, Wall/Window Unit(s)
Heating: Central, Ductless
Other Equipment: Varies By Unit
Sewer: Public Sewer
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water Source: Public
Based on information from ACTRIS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.