Overview
Description
This is the property buyers wait for, live in it, invest in it, or both, with the kind of location, income, and flexibility that makes sense the moment you see it. WOW! $6,950 per month in current income with exceptionally stable tenancy, featuring residents in place for 12 to 17 years. Beautifully maintained, locally owned four plex professionally managed since 2007, with rents paid electronically via Zelle.
The property consists of four walk up, garden style units, each approximately 1,010 sq ft with 2 bedrooms and 1.5 baths. Unit 101 is vacant as of Feb 15, 2026, creating immediate flexibility for owner occupancy, lease up, or repositioning without tenant displacement. Located in a highly desirable central Austin corridor minutes from The Domain, The Arboretum, major employers, retail, and transit, this property benefits from sustained rental demand and limited small multifamily supply, making it a smart, durable investment in today’s Austin market.
Especially compelling for owner occupied buyers, the four plex structure allows a resident owner to offset housing expenses with rental income while benefiting from favorable owner occupied multifamily financing. Long term in place tenants provide predictable cash flow and reduced turnover. Capital improvements reflect pride of ownership.
2024 upgrades include private fenced xeriscape courtyards, steel privacy panels with metal gates, security screen doors, rekeyable locks, and a shared rear yard with cedar fencing and mature trees. 2019 renovations include four 14 SEER HVAC systems, energy efficient windows, Hardie board siding, and a repaved parking lot with eight dedicated spaces plus street parking. Unit features include gas ranges and refrigerators, dishwasher hookups, laundry hookups, decorative fireplaces in Units 101 and 104, ceramic tile and vinyl plank flooring, no carpet, and select patio or French doors.
Corner lot with mature trees and low maintenance landscaping. Indiv-package, 9007 Quail Valley 6126992.
Address
- Street8616 Putnam
- CityAustin
- SubdivisionWooten Terrace Sec 03
- CountyTravis
- StateTX
- Zip78757
- MLS #3877142
Interior
- AppliancesDisposal,Gas Water Heater,Oven,Refrigerator
- Bathrooms Total Integer0
- Bedrooms Total0
- Fireplace FeaturesSee Remarks
- Fireplaces Total2
- FlooringLinoleum,Tile
- HeatingCentral
- Interior FeaturesCeiling Fan(s)
- Laundry FeaturesSee Remarks,Washer Hookup,Dryer Hookup
- LevelsTwo
- Living Area4,078
- Living Area SourcePublic Records
- Room TypeBedroom
Exterior
- Covered Spaces0
- Direction FacesSoutheast
- Exterior FeaturesRain Gutters
- FencingPrivacy,See Remarks
- Garage Spaces0
- Lot FeaturesCorner Lot,Level
- Lot Size Acres0
- Lot Size Area0
- Parking FeaturesSee Remarks
- RoofComposition,Shingle,See Remarks
Structure
- Construction MaterialsBrick Veneer,Frame,HardiPlank Type
- Foundation DetailsSlab
- Number Of Units Total4
- Property ConditionResale
- Stories2
- Year Built1968
- Year Built SourcePublic Records
Utilities
- Green Energy EfficientHVAC,See Remarks
- SewerPublic Sewer
- UtilitiesElectricity Available,Electricity Connected,Natural Gas Connected,Phone Available
- Water SourcePublic
Financial
- Owner PaysCommon Area Maintenance,Repairs,Taxes,Water
- Parcel Number02411014010000
- Pets AllowedNegotiable
- Tax Annual Amount13,539
- Tax Assessed Value748,303
- Tax BlockG
- Tax Legal DescriptionLOT 1 BLK G WOOTEN TERRACE SEC 3
- Tax Lot1
- Tax Year2024
- Total Actual Rent6,325
Schools
- Elementary SchoolWooten
- Elementary School DistrictAustin ISD
- High SchoolNavarro Early College
- High School DistrictAustin ISD
- Middle Or Junior SchoolBurnet (Austin ISD)
- Middle Or Junior School DistrictAustin ISD
Location
- Community FeaturesSee Remarks,Curbs
- CountryUnited States
- County Or ParishTravis
- Directions8616 Putnam is located just off the southbound U.S.183 frontage road, between Ohlen Drive and Putnam Drive. Conveniently situated minutes from The Domain and The Arboretum, near major employers, retail, and transit corridors.
- Latitude30
- Longitude-98
- MLS Area Major2
- Postal Code78757
- Street NamePutnam
- Street Number8616
- Street Number Numeric8,616
- Street SuffixDrive
- Subdivision NameWooten Terrace Sec 03
- Unparsed Address8616 Putnam DR
Listing Info
- Attribution Contact(877) 897-7275
- Contract Status Change DateNovember 18, 2025
- Cumulative Days On Market613
- Days On Market248
- DisclosuresSeller Disclosure
- Documents AvailableSurvey
- Documents Count5
- Internet Automated Valuation DisplayYes
- Internet Consumer CommentYes
- List AORAustin Board of Realtors
- List Agent Direct Phone(512) 827-2252
- List Agent First NameAaron
- List Agent Full NameAaron Jistel
- List Agent Key13983079
- List Agent Last NameJistel
- List Agent Middle NameP.
- List Agent MLS ID9000603
- List Agent National Association ID785021404
- List Agent URLLISTINGSPARK.COM
- List Office Emailadmin@listingspark.com
- List Office Key988652
- List Office MLS ID6107
- List Office NameListingSpark
- List Office Phone(877) 897-7275
- List Office URLlistingspark.com
- List Price895,000
- Listing AgreementExclusive Right To Sell
- Listing Contract DateNovember 18, 2025
- Listing ID3877142
- Listing Key1146463828
- Listing ServiceFull Service
- Listing TermsCash,Conventional,FHA,VA Loan
- Major Change TimestampJuly 24, 2026
- MLS StatusActive
- Modification TimestampJuly 24, 2026
- Occupant TypeTenant
- On Market DateNovember 18, 2025
- Original Entry TimestampNovember 18, 2025
- Originating System Key212129948
- Originating System NameACTRIS
- Photos Change TimestampJune 25, 2026
- Photos Count23
- Price Change TimestampJuly 24, 2026
- Showing Contact Phone800-746-9464
- Source System Key1146463828
- Special Listing ConditionsStandard
- Status Change TimestampNovember 18, 2025
- Syndicate ToApartments.com,AustinHomeSearch.com,HAR.com,ListHub,Realtor.com
- Universal Property IDUS-48453-N-02411014010000-R-N
Features & Amenities
Mortgage Calculator
- Principal & interest
- Property tax
- Home insurance
- PMI
- HOA dues
Estimates only and not a loan offer. Taxes, insurance and rates vary — confirm with a lender.
Meet your agent
Aaron Jistel
Listing Agent · ListingSpark
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