2303 Cedrick Cove
Description
Nestled on a cul-de-sac, this multi-family property is situated in the highly desirable Tanglewood Forest community, located at the corner of Slaughter and Menchaca. This area is rapidly growing, with amazing rentability potential and...Welcome to an incredible investment opportunity in the heart of South Austin! This is the lowest priced Fourplex currently on the market within 15 miles making it an ideal prospect for those looking to make a wise investment in the city's bustling real estate market.
Nestled on a cul-de-sac, this multi-family property is situated in the highly desirable Tanglewood Forest community, located at the corner of Slaughter and Menchaca. This area is rapidly growing, with amazing rentability potential and boasts an excellent walk score. You'll be able to walk to the nearby HEB, restaurants, and new bars/coffee shops. Plus, there's a kid's playground at the end of the street - perfect for young families!
The location is also incredibly convenient for commuters, with quick access to both Mopac and I35, allowing for easy trips across the city. And for those looking to explore Downtown Austin, you'll be there in less than 20 minutes.
This Fourplex comprises four fully-occupied units, each offering open plan living, 2 bedrooms, and 1 bathroom. The current total rental income is $5242, with potential for rental increase, as comparable units are renting up to $1500.
Plus, the property has undergone updates, including a 2019 roof and fresh interiors for units A, C & D.
The buyer will have the right to give a 30-day notice to vacate to tenants, allowing for the potential to update the units and increase rental income even further. Property is sold as is.
Don't miss out on this incredible investment opportunity.
Property Details for 2303 Cedrick Cove
Property Details for 2303 Cedrick Cove
| Status | Closed |
|---|---|
| MLS # | 2170578 |
| Days on Market | 51 |
| Taxes | $14,442 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Quadruplex |
| Year Built | 1983 |
| Lot Size | 0.19 AC / 8,232 SF |
| County | Travis County |
Location
Sold By Realty Austin, Ashley Arthur, TREC #0579985
Building Information for 2303 Cedrick Cove
Payment Calculator
$4,737 per month
30 year fixed, 6.15% Interest
$3,534
$1,204
$0
Property Information for 2303 Cedrick Cove
- Garage Spaces: 0
- Parking Features: Asphalt, Off Street, Parking Lot
- Garage: No
- Covered Spaces: 0
- Interior Features: Breakfast Bar, Ceiling Fan(s), Main Level Master, Open Floorplan, Storage
- Flooring: Carpet, Wood
- Appliances: Dryer, FreeStandingRefrigerator, GasRange, Microwave, Washer
- Fireplace: No
- Fireplaces Total: 0
- Fireplace Features: None
- Laundry Features: LaundryCloset, InUnit, WasherHookup, DryerHookup
- Virtual Tour URL Branded: https://www.seetheproperty.com/438743
- Virtual Tour URL Unbranded: https://www.seetheproperty.com/u/438743
- Restrictions: SeeRemarks
- Exterior Features: Balcony, Playground, Private Entrance
- New Construction: No
- Construction Materials: Stone, Stone Veneer, Wood Siding
- Foundation Details: Slab
- Patio And Porch Features: Patio, Balcony
- Roof: Tile
- Fencing: Back Yard, Wood
- Direction Faces: North
- Window Features: None
- Accessibility Features: Accessible Stairway
- Community Features: Playground
- FEMA Flood Plain: No
- Lot Features: Back Yard, Trees Large Size
- Horse: No
- Cooling YN: Yes
- Cooling: Central Air, Ceiling Fans
- Heating YN: Yes
- Heating: Hot Water
- Sewer: Public Sewer
- Utilities: Cable Available, Fiber Optic Available, Natural Gas Connected, Water Connected
- Owner Pays: AllUtilities
- UnitNum: D
- BedsTotal: 2
- NumFullBaths: 1
- NumHalfBaths: 0
- BathsTotal: 1
- Furnished: Unfurnished
- ActualRent: $1,265.00
- LeasedYN: Yes
- OccupantType: Occupied
- LeaseExpires: 06-30-2023
- PetDeposit: $.00
- PetDepositPerPetYN: Yes
- Deposit: $1,500.00
- MonthToMonthYN: Yes
- FireplaceYN: No
- Permission: IDX
- UnitNum: C
- BedsTotal: 2
- NumFullBaths: 1
- NumHalfBaths: 0
- BathsTotal: 1
- Furnished: Unfurnished
- ActualRent: $1,462.00
- LeasedYN: Yes
- OccupantType: Occupied
- LeaseExpires: 03-31-2024
- PetDeposit: $.00
- PetDepositPerPetYN: No
- Deposit: $1,462.00
- MonthToMonthYN: Yes
- FireplaceYN: No
- Permission: IDX
- UnitNum: B
- BedsTotal: 2
- NumFullBaths: 1
- NumHalfBaths: 0
- BathsTotal: 1
- Furnished: Unfurnished
- ActualRent: $1,250.00
- LeasedYN: Yes
- OccupantType: Occupied
- LeaseExpires: 12-31-2023
- PetDeposit: $.00
- PetDepositPerPetYN: No
- Deposit: $1,000.00
- MonthToMonthYN: Yes
- FireplaceYN: No
- Permission: IDX
- UnitNum: A
- BedsTotal: 2
- NumFullBaths: 1
- NumHalfBaths: 0
- BathsTotal: 1
- Furnished: Unfurnished
- ActualRent: $1,265.00
- LeasedYN: Yes
- OccupantType: Occupied
- LeaseExpires: 06-30-2023
- PetDeposit: $.00
- PetDepositPerPetYN: No
- Deposit: $1,000.00
- MonthToMonthYN: Yes
- FireplaceYN: No
- Permission: IDX
- Association: No
- Tax Assessed Value: $672,848
- Additional Parcels: No
- Tax Year: 2022
- Tax Rate: 2.15%
- Security Features: None
- Directions: Head south on Menchaca and turn right on W Slaughter lane and a right on Roxanna Dr and first right on Cedrick Cove. Property is second FourPlex on the left.
Property History for 2303 Cedrick Cove
| Date | Event & Source | Price |
|---|---|---|
| 07/10/2023 | — | |
| 06/12/2023 | — | |
| 04/11/2023 | $725,000 | |
| 09/25/2008 | $260,000 | |
| 09/24/2007 | $262,500 | |
| 04/26/2007 | — | |
| 03/26/2007 | $199,900 | |
| 03/25/2007 | $199,900 | |
| 03/25/2007 | $199,900 | |
| 01/29/2007 | $199,900 | |
| 01/03/2007 | $204,900 | |
| 12/30/2006 | $204,900 | |
| 12/01/2006 | $214,900 | |
| 11/30/2006 | $214,900 | |
| 08/13/2006 | $217,900 | |
| 08/11/2006 | $222,000 | |
| 11/13/2005 | $222,000 | |
| 04/01/2004 | — | |
| 02/24/2004 | $149,900 | |
| 01/05/2004 | $149,900 | |
| 09/30/2003 | $149,000 | |
| 08/22/2003 | $149,000 | |
| 06/27/2003 | $239,000 | |
| 03/11/2003 | $239,000 | |
| 12/23/2002 | $237,900 | |
| 10/23/2002 | $237,900 | |
| 10/31/2001 | — | |
| 10/07/2001 | $242,500 | |
| 08/15/2001 | $249,000 | |
| 08/15/2001 | $247,000 | |
| 06/07/2001 | $249,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2303 Cedrick Cove
Schools near 2303 Cedrick Cove
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Kocurek Elementary School PublicPK to 5 | ||
Bailey Middle School Public6 to 8 | ||
Akins High School Public9 to 12 | ||
Richards School For Young Women Leaders Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2026 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2026] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.