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Crystal Olenbush

  • 1505 & 1509 Oreilly Court

  • $1,700,000 REDUCED
  • 7519 SQ. Feet, 2.54 Acres Residential Income Austin, TX 78734

Investment Opportunity in Austin, Texas - Cash Flow Real Estate with Value-Add Potential Welcome, investors! This property in Austin, Texas offers excellent cash flow and value-add potential. Spanning 2.6 acres across 2 lots, it includes a 4-plex, duplex, commercial shop, tiny house, and yurt near highway 620. The tiny house and yurt generated $88k as short-term rentals last year, offering an oasis with hot tubs, a sauna, and a creek. The 4-plex has two 2/1 units and two 1/1 units, unit d was recently updated and is renting for $1,300. The duplex consists of two 2-bedroom/1-bathroom units. Unit B has undergone a complete remodel, featuring new paint inside and outside, new flooring, cabinets, countertops, appliances, shower, vanities, toilet, interior doors, plugs and switches, and light fixtures. This unit can be rented on a long-term basis for $1,695 per month or can be a valuable addition to the short-term rental market, projected to generate $3,000 to $4,000 monthly due to its serene wooded surroundings. The commercial shop spans 2,112 square feet and offers a full kitchen, bathroom, and loft room. Equipped with two large garage doors, it is currently leased for $2,200 per month. The property includes two septics and a water well with multiple storage tanks, ensuring ample resources. Additionally, the property has access to Water District 17 water. Situated just outside of Lakeway and within the ETJ of Austin, this property presents numerous possibilities. With no HOA or restrictions, and surrounded by commercial businesses, you have the freedom to explore various potential uses. One of the owners is a licensed Real Estate Broker in the state of Texas 2022 financials: Gross revenue $180k (Two vacancy remodels). 2023 projected gross: $205k. NOI: $110k. Cap rate: 6.47%. Don't miss this cash flowing value-add opportunity in Austin, Texas. Contact us to learn more.

View More Properties in the 78734 Zip Code. View More Properties in the Lake Travis School District.

Essential Information

  • MLS® #5572038
  • Price$1,700,000
  • Bathrooms0.00
  • Square Footage7,519
  • Acres2.54
  • Year Built1965
  • TypeResidential Income
  • Sub-TypeQuadruplex
  • StatusActive Under Contract

Community Information

  • Address1505 & 1509 Oreilly Court
  • SubdivisionCardinal Hills
  • CityAustin
  • CountyTravis
  • StateTX
  • Zip Code78734


  • ParkingCommon
  • # of Garages5
  • ViewHills


Cable Available, Electricity Connected, High Speed Internet Available, Propane, Phone Available, Sewer Connected, Underground Utilities, Water Connected


Laundry Facilities, See Remarks


  • InteriorCarpet, Wood, Vinyl
  • CoolingCentral Air
  • # of Stories2
  • StoriesTwo


Dryer, Free-Standing Gas Range, Gas Water Heater, Refrigerator, Washer, Electric Oven, Free-Standing Electric Range


Central, Electric, Propane, Ceiling


  • Exterior FeaturesBalcony
  • Lot DescriptionPrivate, Many Trees, Views
  • WindowsBlinds
  • RoofComposition, Metal
  • ConstructionFrame, Stone, Wood Siding
  • FoundationSlab, Pillar/Post/Pier

School Information

  • DistrictLake Travis ISD
  • ElementaryLake Travis
  • MiddleHudson Bend
  • HighLake Travis

Map & Directions

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Price Change History for 1505 & 1509 Oreilly Court, Austin, TX (MLS® #5572038)

Date Details Price Change
Price Reduced $1,700,000 $299,999 (15.00%)
Price Reduced $1,999,999 $100,001 (4.76%)
Price Reduced (from $2,200,000) $2,100,000 $100,000 (4.55%)

Property Listed by: Wilder Realty Llc

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from September 25th, 2023 at 8:51pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.