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8405 Riverstone DRAustin, TX 78724

For Sale

$330,000

Smart Buyer Rebate - Ask

Great investment income property, fully leased and cash flowing from day one. Offered at $345,000, which is below a recent appraisal. This fully occupied duplex features two spacious 3 bedroom 2 bathroom units generating $1,700 & $1,600 per month in rent per unit, totaling $3,300 per month or $39,600 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 #7721422

Listing Facts

  • TypeMulti-family
  • NeighborhoodRogers Hill
  • Days on Prevu52
  • Taxes$6,691.81/year
  • Size2,432 sqft
  • Price per sqft$136

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 8405 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: Back Yard, Wood

Measurements

  • Lot Features: Level, Public Maintained Road, Trees-Small (Under 20 Ft)
  • Lot Size Acres: 0.20
  • Lot Size Area: 0
  • Lot Size Square Feet: 9,012

Financial

Taxes

  • Parcel Number: 02173805140000
  • Tax Annual Amount: $6,691.81
  • Tax Assessed Value: $360,635.00
  • 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: 2,432
  • Living Area Source: Public Records

Other

Location

  • Subdivision Name: Colony Meadows Sec 02
  • Tax Block: C
  • Tax Lot: 12

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.

Full MLS Disclaimers

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.