303 Zennia St, Austin, TX 78751

Property Description

ALL NOTE: this is a portfolio sale of FIVE single family homes. Property Info: • Properties: 5 x single family homes each with 6 bedrooms, 4 bathrooms and private outdoor living. • Avg SF: 2,623 • Year Completed: 2009 – 2012 • Occupancy: 100% Highlights • Asking $4.75M which is a 5.8% cap rate on T12 and 6% cap on proforma • Consistently leased with 5-10% annual increases • Convenient Central Austin location – particularly attractive to young professionals and UT students. Minutes from several hospitals, numerous retail and entertainment hubs and higher education institutions. This is the epicenter of Austin, TX. • Average / Median sale price of a similar sized single-family home within a 1-mile radius over last 12 months was $1.27M ($505psf) / $1.25M ($532psf) which is at least 30% higher than the asking price for the Hyde Park / North Loop SFH portfolio. Austin Highlights: • Austin was the #1 best-performing Top 50 U.S. metro for job growth in 2025 • Austin population grew nearly 15% from 2020 – 2025 = the fastest of any US metro with more than 1M residents. • Austin Area Median Family Income is now $134,000 • Austin has the second-lowest rent-to-income ratio in the country (~17%) which is the lowest level in at least 20 years