Rare opportunity in the heart of 78704 just minutes from downtown Austin and the South Lamar corridor. This fully reimagined 1930s South Austin property offers exceptional flexibility with two distinct ownership paths: a spacious primary residence with guest income potential, or a fully functioning multi-unit investment property with immediate cash… Read More flow. Option 1: Primary Residence with Income Support The main home is a thoughtfully expanded 3-bedroom, 3-bath residence featuring an open-concept living area with fireplace, two guest bedrooms on the main level, and a private upstairs primary suite spanning the entire second floor. The layout offers separation, comfort, and character while maintaining a warm, livable flow ideal for everyday living and entertaining. Outdoor spaces include porch, a private patio, and a mature shade tree with swing—creating a rare retreat feel. Option 2: Fully Income-Producing Compound For investors or hybrid owner-occupants, the property functions as a true multi-unit setup. A converted garage structure includes two separate residences: a 2-bedroom, 1-bath unit with kitchenette and laundry amenities. Also a fully renovated 1-bedroom 1-bath (~550 sq ft) upstairs apartment with full kitchen and established long-term tenancy on month-to-month terms. The main home and additional units have been utilized for both short-term and long-term rental income, offering diversified revenue streams in one of Austin’s most consistently in-demand rental corridors. Significant system upgrades include spray foam insulation throughout both structures (2014), new roofs (2021), and high-efficiency windows on the main residence (2024), supporting long-term efficiency and reduced maintenance. Located in one of Austin’s most walkable and high-demand neighborhoods, this property offers immediate usability, strong rental performance, and long-term appreciation potential without the typical constraints of nearby comparable properties. Read Less
Property listed by RPM Reliable Prop. Mgmt 512-732-8388 (512) 732-8388
Listing Snapshot
Days Online
1
Last Updated
Property Type
SingleFamilyResidence
Beds
6
Full Baths
5
Square Ft.
3,138
Lot Size
0.17 Acres
Year Built
2004
MLS Number
9765619
Additional Details
Building
Built in 2004, Stories: 2, 3,138 sqft living area, Wood Siding, Two
Community
Suburban
Disclosures
Seller Disclosure
Exterior Features
Exterior Steps, Private Yard
Fence
Back Yard, Fenced, Front Yard, Wood
Fireplaces
2 fireplaces, Bedroom, Living Room
Floors
Carpet, Tile, Vinyl
Foundation
Pillar Post Pier, Slab
Heating
Natural Gas
Interior Features
Walk In Closets
Laundry
Laundry Room
Lot
0.167 acres, Area: 0.167, Back Yard, Trees Large Size
Parking
Additional Parking
Property
Resale
Roof
Composition, Shingle
Sewer
Public Sewer
Taxes
Year: 2025
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected
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