Prime Investment Opportunity in Austin: Quadplex at 5306 Indio Cove Located in the desirable Cherry Creek neighborhood, 5306 Indio Cove offers a rare investment opportunity with four well-maintained 2-bedroom, 2-bathroom units, each approximately 1,060 square feet. Situated on a large .4171-acre lot, this quadplex backs up to a beautiful creek, providing tenants with a peaceful and natural setting. The property features a new roof installed in 2020, offering added peace of mind for the new owner. Each unit has been thoughtfully maintained, providing spacious floorplans and modern amenities. All four units are currently occupied by tenants on a month-to-month lease, all of whom wish to remain in place, offering immediate rental income for the buyer. Built in 1983, this property is in excellent condition and presents a solid opportunity for long-term growth. Located within walking distance to Central Market South, residents enjoy easy access to shopping, dining, and entertainment, making it an ideal location for tenants. With easy access to public transportation and major roadways, this property is highly desirable. The large lot provides ample parking and outdoor space, and the quiet, creekside location further enhances its appeal. Whether you're looking to expand your portfolio or acquire a property with steady cash flow potential, 5306 Indio Cove offers the best of both worlds: a prime location in one of Austin’s most sought-after neighborhoods and a well-maintained property with strong rental demand. Don’t miss this fantastic investment opportunity in Austin!
Active
Price cut: $70K (7/19)
$925,000
5306 Indio Cv, Austin, TX 78745
8beds
8baths
4,240sqft
Est.:
Quadruplex
Built in 1983
-- sqft lot
$-- Zestimate®
$218/sqft
$-- HOA
What's special
Modern amenitiesAmple parkingSpacious floorplansQuiet creekside location
- 124 days
- on Zillow |
- 317 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: July 19, 2025 at 10:56am
Listed by:
Ryan Rogers (512) 413-9456,
Douglas Elliman Real Estate (512) 866-3795
Source: Unlock MLS,MLS#: 4859294

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Rooms
- Room types: Master Bedroom, Bedroom, Master Bathroom, Bathroom
Heating
- Central
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Dishwasher, Disposal, Exhaust Fan, Gas Range
Features
- Ceiling Fan(s), Laminate Counters, No Interior Steps, Pantry, Recessed Lighting, Washer Hookup
- Flooring: Laminate, Linoleum, Tile
- Windows: Aluminum Frames
Interior area
- Total interior livable area: 4,240 sqft
Video & virtual tour
Property
Parking
- Parking features: Carport, Common, Driveway
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: Balcony
- Fencing: None
- Has view: Yes
- View description: Creek/Stream
- Has water view: Yes
- Water view: Creek/Stream
- Waterfront features: Creek
Lot
- Size: 0.42 Acres
- Features: Back Yard, Cleared, Cul-De-Sac, Curbs, Front Yard, Level, Public Maintained Road, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft), Views
Details
- Additional structures: None
- Parcel number: 04121506420000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Foundation: Slab
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: None
- Subdivision: Cherry Creek Ph V Sec 01
HOA
- Has HOA: No
Location
- Region: Austin
Financial & listing details
- Price per square foot: $218/sqft
- Tax assessed value: $930,208
- Annual tax amount: $18,434
- Date on market: 4/2/2025
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
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