$1,500,000

Property Overview

This corner lot at 808 Spence Street in Downtown Austin presents a rare multi-unit opportunity in one of the city's most dynamic neighborhoods. The property features two established structures on 6,272 square feet, with the front house spanning approximately 701 square feet and a rear unit offering roughly 1,150 square feet plus an enclosed garage and 400-square-foot terrace. The additional development potential—including room to expand the front house and construct a third unit—positions this investment for significant appreciation in an area experiencing rapid growth and rising valuations.

The location exemplifies urban living at its finest, steps from the entertainment and energy of Rainey Street, 6th Street, and South Congress. Residents enjoy immediate access to Lady Bird Lake's 10-mile jogging trail, the Longhorns facilities and Moody Center, and Austin's thriving food scene anchored by Franklin Barbecue. The walkable core puts grocery stores, restaurants, and nightlife within reach while the Business District and State Capitol lie minutes away, creating a neighborhood where car ownership becomes optional rather than essential.

While the price reflects 28 percent above the area median, the multi-unit structure and redevelopment potential address a supply constraint in Central Austin's tight real estate market. This East Cesar Chavez location captures the lifestyle appeal that defines Downtown Austin—a place where Thursday through Sunday feels like vacation year-round.

Agent Description

TWO houses on one large corner lot with with alley access, and space to add on to the front house plus build a 3rd unit. Front house approximately 701sqft. Back unit approximately 1150 plus closed in garage and terrace another approximately 400sqft. All in the immediate area of Austin's Business District and Entertainment District of Rainey District,6th st, West 6th, SOCO, ALL of UT Stadium's, Franklin BBQ, East Cesar District, Historical Rosewood, 10 mile jogging trail at Lady Bird Lake, famous Bass fishing at lady Bird Lake, ALL of The Longhorns stadium's, Moody Center, and of course all of our State Govt buildings near our State Of Texas Capitol. My wife and I have enjoyed this location for 26yrs. Living here has kept us looking and feeling young. To live here, it's truly a Lifestyle one can feel as if you're on vacation Thursday-Sunday. It's the true meaning of Staycation. We both share one car living near all the fun. We've said it many times, we don't need a car here. I take short Uber rides everywhere in 78701 and 78702 or simply walk to business or fun. Our front unit is an active and very successful Airbnb, it's in the top 5% of all Airbnb. I will pass my successful platform to you and I can stay on as an Airbnb Coach for 30 days. The back unit, is where we stay. Come here and reverse your age. Or make it a safe investment on Airbnb. Front house is all original but updated as a 2bed 2 full baths. The backhouse is 2beds 2 full baths & 1/2 bath with an Entertaining terrace on the 3rd level. I can send links to you, with photos posted on Airbnb

Neighborhood: Downtown Austin

This property is located in Downtown Austin, Austin, TX. The area is known for 6th Street Entertainment, Lady Bird Lake, Congress Avenue, High-Rise Living, Walkable Urban Core.

At $978/sqft, this listing is priced 28% above the Downtown Austin median of $766/sqft.

Property Details

Listing data last updated: May 19, 2026

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