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33882506
33882499

303 W 40th St, Austin, TX 78751

AK
TX TX 0586116
Asterra Properties
JB
TX 593298
Asterra Properties
LM
TX 437479
Asterra Properties
Listed by Asterra Properties
Unpriced
6 days on market
Updated 1 day ago

Hyde Park Townhomes

Details
APN 0219050817
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,482
Units 14
Occupancy 100%
Tenancy Multi
Year Built 1967
Year Renovated 2016
Buildings 1
Stories 2
Acreage 0.317
Zoning MF-4-HD-NCCD-ETOD-DBETOD-NP
Investment Type Value Add

14 Units | 100% Occupied | Central Austin

Marketing description

Hyde Park Townhomes at 303 W. 40th Street presents a rare 14-unit infill multifamily opportunity in Austin's Hyde Park / North Campus corridor, one of the city's most established and consistently desirable rental submarkets. Located approximately 13-14 street-grid blocks north of UT Austin's Dean Keeton / north campus edge, the property offers investors direct exposure to the University of Texas demand base while providing residents a quieter neighborhood setting than traditional West Campus housing.

The property benefits from exceptional mobility and lifestyle fundamentals, including a Walk Score of 79, Transit Score of 60, and Bike Score of 100. Its location supports a broad renter pool that includes UT students, graduate students, faculty, staff, and central Austin professionals seeking convenient access to campus, Hyde Park, Hancock, The Triangle, and nearby neighborhood retail and dining.

With UT Austin reporting 55,000 students enrolled in Fall 2025, including more than 44,000 undergraduates and 10,000 graduate students, 303 W. 40th Street is positioned within a durable, education-driven rental market. The asset's small-format scale, central Austin location, and potential mark-to-market upside make it an attractive acquisition opportunity for investors seeking irreplaceable infill multifamily in a high-barrier neighborhood.

Investment highlights

  • Rare Hyde Park / North Campus Offering: 14-unit infill multifamily asset in one of Austin's most established central neighborhoods.
  • Near UT Austin: Approximately 13-14 blocks north of UT's Dean Keeton / north campus corridor.
  • Strong Renter Demand: Positioned near UT Austin's 55,000-student demand base and central Austin employment.
  • Highly Walkable / Bikeable: Walk Score of 79, Transit Score of 60, and Bike Score of 100.
  • Condo Conversion Potential: Townhome-style layout and prime Hyde Park location may support a future condo conversion strategy.
  • Value-Add Upside: Opportunity to increase value through rent growth, unit upgrades, operational improvements, or potential sell-off strategy.

Listing Contacts

AK
TX TX 0586116
Asterra Properties
JB
TX 593298
Asterra Properties
LM
TX 437479
Asterra Properties
Listed by Asterra Properties

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Zoning

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MF-4-HD-NCCD-ETOD-DBETOD-NP PlannedMultifamily Residence Moderate Density Historic Area Neighborhood Conservation Capitol Dominance Density Bonus Equitable Transit Oriented Development Neighborhood Plan
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Andrew Karr
License
TX 0586116
Brokerage
Asterra
Brokerage Phone
5122312000
Title
Managing Partner
Brokerage Address
8701 North Mopac Expressway
Name
Jason Botello
License
593298
Brokerage
Asterra Properties
Title
Broker Associate
Brokerage Address
3305 Steck Avenue
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