$5,926 Closing Credit¹
#7713419, Clay Byrne, Listing office: Keller Williams Realty
$399,000 List price
8403 Riverstone Dr Austin, TX 78724
$4,738
Closing credit¹
0 beds
2,160 sqft
0.2 acres
$185 / sqft
Multi-Family
Property details
About 8403 Riverstone Dr
Great investment income property, fully leased and cash flowing from day one. Offered at $399,000, which is $101,000 below a recent $500,000 appraisal. This fully occupied duplex features two spacious 3 bedroom 2 bathroom units generating $1,750 per month in rent per unit, totaling $3,500 per month or $42,000 per year in gross rental income. Titled as real property, this is a rare opportunity to secure instant equity, consistent cash flow, and a turnkey asset in a high demand rental market. The property has a strong rental history and stays rented. Among the strongest cap rate opportunities currently available in Austin. Potential to refinance after purchase and access equity based on current valuation. Do not disturb tenants. Showings allowed during the option period only.
Highlights
Home typeDuplex
HeatingCentral, Ductless
StatusActive
CoolingCentral Air, Electric, Wall/Window Unit(s)
Size2,160 sqft
Lot size0.202 Acres
Year built2002
MLS #5411757
Summary
- Appliances: Dishwasher, Electric Water Heater, Range, Disposal, Microwave, Refrigerator
- Flooring Type: Laminate
- Interior: Pantry, Walk-In Closet(s)
- Parking: None
- Waterfront: None
- Exterior: Exterior Steps
- Heating: Central, Ductless
- Cooling: Central Air, Electric, Wall/Window Unit(s)
- List Price: $399,000
- Price/SqFt: $184
- Annual Tax Amount: $5,780
- Tax Year: 2024
- Lot: Level
- Directions: From US-183, head east on Loyola Ln. Turn left on Decker Ln, then right on Colony Loop Dr. Turn right on Sandhof Dr, then left on Riverstone Dr. Property will be on the right.
- Year Built: 2002
- Stories: 1
- Living Area: 2,160 SqFt
- Lot Size: 0.202 Acres
- MLS Number: 5411757
- MLS Name: ACTRIS
- Office Name: My Castle Realty
- Office Phone: (713) 683-0054
- Listing Agent: Gary Bisha
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Copyright 2025 Unlock MLS and Austin Central Texas Realty Information Services, Inc.
Listings courtesy of Unlock MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 6/7/2025, 6:45:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$399,000
8403 Riverstone Dr
$4,738
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $372,040 | $5,780 |
| 2023 | $400,608 | $5,780 |
| 2022 | $324,799 | $5,780 |
| 2021 | $263,379 | $5,714 |
| 2019 | $256,651 | $5,504 |
| 2018 | $228,993 | $2,818 |
| 2017 | $127,289 | $2,896 |
History based on county public records data.
Nearby schools
2
Overton Elementary School
Public District EE-5
0.7 mi
•7201 Colony Loop Dr
3
Oak Meadows Elementary School
Public District KG-5
0.9 mi
•5600 Decker Ln
2
Barbara Jordan Elementary School
Public District EE-5
1.2 mi
•6711 Johnny Morris Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $31,602. Residents of Austin, TX typically earn less than $<35k each year. Typical family type is single, with kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
59%
<35k
34%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
32%
Single, No Kids
36%
Single, with Kids
9%
Married, No Kids
23%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
28%
<11 yrs old
13%
12-17 yrs old
26%
18-34 yrs old
29%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
UFC- Pro Boxing
Pro Wrestling
Where do the neighbors shop?
Family Dollar
Burlington
Express/Express For Men
Where do the neighbors go to eat?
Burger King
Popeyes
Cicis Pizza
What do the neighbors drive?
Buick
Dodge
Pontiac
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits- Adult Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 8403 Riverstone Dr
The listing price of 8403 Riverstone Dr property is $399,000.
The property 8403 Riverstone Dr is a multi located in Austin, Texas, 78724.
Active Listing: 8403 Riverstone Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 8403 Riverstone Dr are: Overton Elementary School (GreatSchools Rating 2/10), Oak Meadows Elementary School (GreatSchools Rating 3/10), Barbara Jordan Elementary School (GreatSchools Rating 2/10), Decker Middle School (GreatSchools Rating 3/10), Kipp Austin Academy of Arts & Letters (GreatSchools Rating 3/10), Kipp Austin Vista Middle Schools (GreatSchools Rating 4/10), LBJ Early College High School (GreatSchools Rating 2/10), Lasa High School (GreatSchools Rating 9/10), The East Austin College Preparatory at Mlk (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $5,780 (source: MLS/based on county public records data).
The property 8403 Riverstone Dr is 2,160 SqFt (source: MLS/tax record).
The year of construction for 8403 Riverstone Dr is 2002.
This home is located at 8403 Riverstone Dr in Austin, TX and zip code 78724 in the Colony Park neighborhood. This 2,160 square foot home, which was built in 2002, sits on a 0.20 acre lot. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since June 6, 2025 and is currently priced at $399,000.
In May 2025, from all listings sold in Austin, TX there were more than 134 sold above asking price, over 636 sold below and more than 152 were sold right at the asked price. Between April and May 2025, Austin, TX real estate market has seen increase in the number of listings by 17.3%. While the average time on the market in May 2025 was 47 days, the median list price was $575,934.
From Rocket Homes Real Estate and based on county public records data.