Date
Details
Price
Change
Source
11/18/2025
Listed
$995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/23
$995,000
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1/23
Property 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.
Full Property Details
Full Property Details for 8616 Putnam Dr
General
- Price: $995,000
- Taxes: $13,538 (2024)
- Status: Active
- Type: Multi-Family
- Source: Austin_MLS
- MLS ID: 3877142
- Updated: 2/16/2026
- Added to Site: 139 day(s) ago
Interior
- Interior Features: Ceiling Fan(s)
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): See Remarks
- Appliances: Disposal, Gas Water Heater, Oven, Refrigerator
- Flooring: Linoleum, Tile
Rooms
Other Rooms
- Laundry: See Remarks, Washer Hookup, Dryer Hookup
Additional Information
- Shared Amenities: See Remarks, Curbs
- Security/Safety: See Remarks
Exterior
- Exterior Features: Rain Gutters
- Porch/Patio/Deck: Patio
Parking
- Parking Features: See Remarks
Location
- Area: 2
- County: Travis
- Subdivision: Wooten Terrace Sec 03
- Driving Directions: 8616 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.
- Direction Faces: Southeast
School Information
- Elem School District: Austin ISD
- Midd School District: Austin ISD
- High School District: Austin ISD
- Elementary School: Wooten
- Middle School: Burnet (Austin ISD)
- High School: Navarro Early College
Heating & Cooling
- Cooling Type: Ceiling Fan(s), See Remarks
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Electricity Connected, Natural Gas Connected, Phone Available
Structural Information
- Detached/Attached: Detached
- Construction: Brick Veneer, Frame, HardiPlank Type
- Roof: Composition, Shingle, See Remarks
- Windows: Double Pane Windows
- Stories/Levels: 2
- Square Feet: 4,078
- Sq. Ft. Source: Public Records
- Living Area: 4,078 Sq. Ft.
- Year Built: 1968
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1848
- Lot Size (Sq. Ft.): 8,049.89
- Fence: Yes
- Lot Features: Corner Lot, Level
- Fencing (Description): Privacy, See Remarks
Green Features
- Energy Efficient: HVAC, See Remarks
Financial Considerations
- Assessment Amount: $748,303
- Tax Amount: $13,538.65
- Tax Year: 2024
- Terms: Cash, Conventional, FHA, VA Loan
- Owner Pays: Common Area Maintenance, Repairs, Taxes, Water
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Survey
- Legal Description: LOT 1 BLK G WOOTEN TERRACE SEC 3
- Disclosures/Reports: Seller Disclosure
- Property ID: 2411014010000
- Block: G
- Lot Number: 1
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Schools
Schools serving 8616 Putnam Dr
School District:Austin Independent School District
| Name | Grades | Distance |
|---|---|---|
Wooten Elementary School 1406 Dale Drive, Austin, TX 78757 | K-5 | 0.9 mi |
Burnet Middle School, Austin, TX 8401 Hathaway Drive, Austin, TX 78757 | 6-8 | 0.3 mi |
Navarro Early College High School 1201 Payton Gin Road, Austin, TX 78758 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8616 Putnam Dr
Tax History
Tax History for 8616 Putnam Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,830
—
$595,662
-20%
2024
$14,830
1%
$748,303
-1%
2022
$14,725
—
$755,863
-7%
2022
$14,725
6%
$811,728
28%
2021
$13,831
18%
$635,400
21%
2020
$11,735
4%
$527,000
—
2020
$11,303
2%
$527,000
5%
2018
$11,052
4%
$503,172
-5%
2016
$10,669
-10%
$531,286
11%
2017
$11,848
89%
$478,390
76%
2015
$6,254
10%
$272,368
14%
2014
$5,702
70%
$239,582
76%
2013
$3,360
—
$136,402
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8616 Putnam Dr
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- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 3Total Baths
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- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 3Total Baths
8616 Putnam Drive, Austin, TX 78757 (MLS# 3877142) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 8616 Putnam Drive is currently listed for $995,000 and was received on November 18, 2025. Want to learn more about 8616 Putnam Drive? Do you have questions about finding other Multi-Family real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.