5608 Woodrow Ave

• Sixteen 1BR/1BA Units. Sixteen-unit multifamily asset totaling 9,072 SF with a uniform 567 SF floor plan across all apartments. Two-story garden walk-up built in 1971, painted brick and lap siding, breezeway-loaded with exterior stair access.
• 100% Occupied at Acquisition. The June 30, 2026 rent roll shows 16 of 16 units occupied and 100% of square footage leased. Scheduled rent totals $14,580 per month, or $174,960 annually, at a blended $1.61/SF.
• Proven Mark-to-Market. The most recent lease signed on the property, Unit 21 effective July 1, 2026, was executed at $1,000 per month against an in-place average of $975 across the occupied units. Rolling all sixteen units to that proven $1,000 level produces $192,000 of annual scheduled rent, roughly 9.7% above the current rent roll, with no repositioning capital required.
• Near-Term Lease Roll. Six of the sixteen leases expire between July and December 2026, giving a buyer the ability to capture better than a third of the rent roll at market within the first two quarters of ownership.
• Austin Infill Basis. Priced at $1,750,000, the asset trades at $109,375 per unit and $192.90/SF. Central Austin replacement cost is a multiple of that basis, and sub-$200/SF infill product inside the urban core has become scarce.
• Submarket Demand Outrunning Supply. Midtown Austin absorbed 928 units over the trailing twelve months against just 300 units delivered, an absorption-to-delivery ratio of 3.1x. That is the highest coverage of any Austin submarket that delivered units in the period. Deliveries equated to 1.7% of the 17,331-unit inventory, and submarket vacancy tightened 3.9 points year over year to 11.2%.
• Pipeline Is Not Competitive Product. Midtown carries 1,434 units under construction, but 1,104 of those are 4 and 5 Star and the balance is 3 Star. None of it competes for a resident paying roughly $1,000 for a 567 SF apartment.
• Landlord Pricing Power Intact. Concessions in Midtown Austin sit at 1.2%, the lowest of any Austin submarket carrying more than 15,000 units of inventory, and units are leasing in 54 days. Our supply-pressure model scores Midtown at 23.0 against a metro average of 27.9, placing it in the lower half of the metro for supply risk while asking rents hold at $1,595.
• Central Austin Location. Located at 5608 Woodrow Ave in the 78756 ZIP, the property sits between Burnet Road and North Lamar with downtown Austin skyline views from the site, mature oak canopy, and an oversized surface parking field well in excess of one space per unit.