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Jeff Kress

jeffkress@sbcglobal.net +1(512) 791-7744

$1,180,000

Est. payment - /mo

5 Beds

4 Baths

2,533 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type See Remarks

Listing Status Active

Purchase Type For Sale

Square Footage 2,533 sqft

Price per Sqft $465

Subdivision Shelton Willie I

MLS Listing ID 3738812

Bedrooms 5

Full Baths 4

HOA Y/N No

Year Built 1954

Annual Tax Amount $14,686

Tax Year 2026

Lot Size 8,611 Sqft

Acres 0.1977

Property Sub-Type See Remarks

Source actris

Property Description

Rare income-producing and redevelopment opportunity in highly desirable 78704! Situated on an approximately 8,612 SF (.198-acre) corner lot in a prime Central Austin location, this versatile property features three separate living spaces and approximately $6,600 per month ($79,200 annually) in current gross rental income, offering an exceptional opportunity for an investor, owner-occupant, or builder.

The main home, approximately 1,104 SF, offers 2 bedrooms and 2 baths. A separate rear building includes two additional living spaces: an approximately 879 SF upstairs 2-bedroom, 1-bath Unit A, currently leased to long-term tenants, and an approximately 550 SF furnished 1-bedroom, 1-bath garage apartment, Unit B, currently operated as a short-term rental (STR). Both rear units may offer potential for short-term rental use, subject to buyer verification of applicable city regulations, permitting, and requirements. Owner pays utilities.

The property offers income from day one with meaningful value-add potential. Unit A has not been updated, creating an opportunity to renovate and potentially increase rental income. Numerous improvements have been completed throughout the property, enhancing its immediate income-producing appeal.

For investors, the property can be held as an income-producing property, renovated to maximize rental income, or explored for future redevelopment. The 8,612 SF corner lot may offer potential for three separate residences, subject to buyer verification of zoning, permitting, and development requirements. The flexible layout provides options for maximizing current income and future value.

Ideally located just minutes from Downtown Austin, with easy access to South Congress, South Lamar, Lady Bird Lake, restaurants, shopping, and entertainment, this is a rare opportunity to acquire an income-producing property with multiple paths for future upside in one of Austin's most sought-after neighborhoods.

Location

State TX

County Travis

Rooms

Main Level Bedrooms 3

Interior

Flooring Tile, Wood

Fireplace No

Appliance Dishwasher, Free-Standing Electric Range, Free-Standing Gas Range, Free-Standing Refrigerator, Washer/Dryer, Water Heater

Exterior

Fence Block, Wood

Community Features None

Utilities Available Electricity Connected, High Speed Internet, Natural Gas Connected, Sewer Connected, Water Connected

Waterfront Description None

View None

Roof Type Membrane,Shingle

Porch Covered, Porch, Screened, Side Porch

Total Parking Spaces 7

Private Pool No

Building

Lot Description Back Yard, Corner Lot, Front Yard, Level

Foundation Slab

Level or Stories One

Structure Type HardiPlank Type,Stone

New Construction No

Schools

Elementary Schools Travis Hts

Middle Schools Lively

High Schools Travis

School District Austin Isd

Others

Special Listing Condition Standard

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Listed by Compass RE Texas, LLC

NEARBY SCHOOL & BUSINESS

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Jeff Kress

+1(512) 791-7744

Broker Associate License ID: 392685

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401 W Live Oak ST Austin, TX 78704

Jeff Kress

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION