$325,000

About This Property

Exceptional value-add investment opportunity in Austin's rapidly evolving St. Johns corridor. Situated on a large 8,189-square-foot lot, the property features two 3-bedroom, 1-bathroom units totaling ~1,720 square feet, a highly sought-after configuration for workforce and family housing. Unit A is occupied with reliable Section 8-backed income, while Unit B, previously rented at $1,200 per month, presents immediate upside through re-leasing and offers the potential for increased rental income through modest updates and finish-out improvements, creating an attractive value-add opportunity for the next owner. The property offers durable hard tile flooring, separate fenced yards, functional layouts, and long-term flexibility for investors seeking both cash flow and appreciation potential. Surrounded by new construction and redevelopment, with many nearby properties being transformed into multiple residences, this location benefits from increasing density and strong demand. Just minutes away, Mueller offers an exceptional mix of lifestyle amenities including scenic trails, parks, playgrounds, the popular Mueller Lake Park, weekend farmers markets, and a growing collection of local favorites such as Halcyon, BD Riley’s Irish Pub, L'Oca d'Oro, Veracruz All Natural, and the Alamo Drafthouse. The Domain, Austin’s premier mixed-use destination, is also nearby and features luxury shopping, high-end dining, vibrant nightlife, and major employers throughout the city's technology corridor. Residents can enjoy destinations such as North Italia, Culinary Dropout, True Food Kitchen, Velvet Taco, Perry’s Steakhouse, and numerous entertainment venues, while soccer fans will appreciate being just minutes from Q2 Stadium, home of Austin FC. This is an ideal opportunity for investors seeking a manageable investment with multiple paths to create equity while providing quality housing in one of Austin's emerging growth areas.