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.
Active
$399,000
8403 Riverstone Dr, Austin, TX 78724
6beds
4baths
2,160sqft
Est.:
Duplex
Built in 2002
-- sqft lot
$-- Zestimate®
$185/sqft
$-- HOA
What's special
- 33 days
- on Zillow |
- 418 |
- 34 |
Zillow last checked: 7 hours ago
Listing updated: June 07, 2025 at 02:06am
Listed by:
Gary Bisha (713) 683-0054,
My Castle Realty (713) 683-0054
Source: Unlock MLS,MLS#: 5411757

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Rooms
- Room types: Kitchen
Heating
- Central, Ductless
Cooling
- Central Air, Electric, Wall/Window Unit(s)
Appliances
- Included: Dishwasher, Disposal, Microwave, Free-Standing Range, Refrigerator, Electric Water Heater
Features
- Pantry, Walk-In Closet(s)
- Flooring: Laminate
- Windows: Vinyl Windows
Interior area
- Total interior livable area: 2,160 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: None
- Exterior features: Exterior Steps
- Pool features: None
- Fencing: Fenced, Privacy, Wood
- Has view: Yes
- View description: None
- Waterfront features: None
Lot
- Size: 8,799.12 Square Feet
- Dimensions: 73 x 120
- Features: Level, Public Maintained Road, Trees-Small (Under 20 Ft)
Details
- Additional structures: None
- Parcel number: 02173805130000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Foundation: Block, Pillar/Post/Pier
- Roof: Composition
Condition
- Updated/Remodeled
- New construction: No
- Year built: 2002
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: None
- Subdivision: Colony Meadows Sec 02
HOA
- Has HOA: No
Location
- Region: Austin
Financial & listing details
- Price per square foot: $185/sqft
- Tax assessed value: $372,040
- Annual tax amount: $7,373
- Date on market: 6/6/2025
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Loading
- Loading