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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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8616 Putnam Dr , Austin, TX 78757
$895,000
Est. Payment: $4,590.31/mo
8 Bed
8 Bath
4078 Sqft
Status: active | Days on site: 248
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Jeannette Spinelli
Broker Associate & Founder

House 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.

Highlights

Listed by Aaron Jistel , (512) 827-2252 ListingSpark , (877) 897-7275. Austin MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.18

Year Built

1968

County

Travis

Area

2

Neighborhood

Wooten Terrace Sec 03

School District

Austin ISD

Listing ID

3877142

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:8
  • Bathrooms:8
  • Full Bathrooms:
Appliances:Disposal, Gas Water Heater, Oven, Refrigerator
Floor:Linoleum,Tile
Other:
  • Additional:Ceiling Fan(s), Pets Allowed
Water:Public

Exterior Features

Lot:Corner Lot,Level
Roof:Composition,Shingle,See Remarks
Others:
  • Additional:Rain Gutters, Resale
Sewer:Public Sewer
Parking Features:See Remarks
Principal Interest
$4,590
Taxes
$1,128

Home Price

$895,000

Loan Details

30 yrs
6.637%

Down Payment

20%
$179,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,590.31

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,590.31 $1,128.22 $0.00 $5,718.53
Yearly $55,083.71 $13,538.65 $0.00 $68,622.36
Total $1,652,511.26 $406,159.50 $0.00 $2,058,670.76

Today's Rates

30 Year

6.64%

20 Year

6.43%

15 Year

5.99%

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Market insight data is pulled from the same city as the listing being viewed (Austin, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. 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.
The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Spinelli Residential Group | KW - Austin Portfolio Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
Listings courtesy of Austin MLS as distributed by MLS GRID

IDX service by Blueroof 360

Data last updated: 2026-09-03T05:56:20.000Z

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