Gibson Flats — Sale in Austin, TX

  • Price: $400
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Austin, TX 78704
  • Size: 157,238 SF
  • Year built: 2014

Photos

Gibson Flats — Sale in Austin, TX, photo 1 of 8
Gibson Flats — Sale in Austin, TX, photo 2 of 8
Gibson Flats — Sale in Austin, TX, photo 3 of 8
Gibson Flats — Sale in Austin, TX, photo 4 of 8
Gibson Flats — Sale in Austin, TX, photo 5 of 8
Gibson Flats — Sale in Austin, TX, photo 6 of 8
Gibson Flats — Sale in Austin, TX, photo 7 of 8
Gibson Flats — Sale in Austin, TX, photo 8 of 8

Description

JLL has been exclusively retained to offer qualified investors a rare opportunity to acquire fee-simple interest in Gibson Flats — a 202-unit wrap-style apartment community in the heart of South Lamar. Positioned in one of Austin's most desirable micro-markets, the property sits within a dynamic mixed-use corridor featuring over one million square feet of retail and 705,000 square feet of office space—all less than two miles from downtown Austin. Premier recreational amenities including Lady Bird Lake, the 10-mile Butler Hike & Bike Trail, 49-acre Auditorium Shores, and 350-acre Zilker Park are within 1 to 1.5 miles, offering unparalleled lifestyle access. The asset has demonstrated exceptional market strength, sustaining occupancy above 95% throughout the past year with minimal concession activity—a clear indicator of robust tenant demand and stable operations. With current rents positioned below new construction comparables, the property offers significant value-creation opportunities through targeted capital improvements and strategic repositioning. Gibson Flats represents an extremely rare opportunity to acquire a trophy asset along one of Austin’s most dynamic corridors.

Market Context

This multifamily in Austin, TX is listed for sale at $400 across 157,238 SF. The building dates to 2014. Compare it against other multifamily listings for sale in Austin, TX — view the full market.

As of Q1 2026, the Austin multifamily market showed rents up 14.2% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Contact

Explore this market

Similar Multifamily Property for Sale in Austin, TX