Park Place Apartments — Sale in Austin, TX
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Austin, TX 78705
Photos
Description
Marcus & Millichap is pleased to present the exclusive listing of Park Place Apartments, a 24-unit boutique apartment community delivered in 2003 in the heart of Central Austin. Located at 1023 W 24th Street, less than a mile from the University of Texas and minutes from Downtown Austin, the asset offers residents immediate access to the metro's deepest concentration of employment, retail, and lifestyle amenities. Investment Highlights: • Positioned minutes from The University of Texas, Downtown Austin, the Texas State Capitol, and Lady Bird Lake, with immediate access to MoPac and the Lamar Boulevard corridor. • A 100 percent two- and three-bedroom unit mix averaging 1,208 square feet — a scarce floor-plan profile in the urban core — with in-unit full-size washers and dryers in every residence. • A two-level under-building garage provides 61 spaces — 2.54 spaces per unit — behind motorized, remote-access entry, a decisive amenity in a parking-constrained urban submarket.
Market Context
This multifamily in Austin, TX is listed for sale. 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
- Jordan Featherston · (512) 338-7871 · jfeatherston@ipausa.com
- Kent Myers · (512) 338-7853 · kent.myers@marcusmillichap.com
- Harry Krieger · (972) 755-5246 · hkrieger@ipausa.com
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