$660,000

Property Overview

This East Austin opportunity on Walter Street presents a rare investment scenario with dual income potential. The main residence offers three bedrooms and two full bathrooms within 1,164 square feet of comfortable living space, while a second structure—an accessory dwelling unit—sits substantially complete on the generous 6,926-square-foot lot. The ADU's exterior is finished and ready for interior completion, with floor plans designed for a first-floor kitchen, living room, dining area, and office, plus upstairs bedroom and bathroom suites with a balcony. This flexibility allows buyers to customize the interior finishes to their vision or specifications.

Located in East Austin's vibrant cultural district, this property sits minutes from the thriving restaurant and brewery scene, Plaza Saltillo's markets and galleries, and direct access to Downtown Austin and Lady Bird Lake. The neighborhood's blend of historic charm and modern development creates strong appreciation potential. At $567 per square foot, the pricing reflects the value of the underlying land and the ADU development opportunity in this sought-after corridor.

Vox Residential Insight

The Walter Street location captures East Austin's momentum as a mixed-use neighborhood where properties with development potential attract both owner-occupants and investors seeking dual-income scenarios. Vox Residential sees the unfinished ADU as a significant advantage for buyers who want to shape the final product and potentially offset their primary residence costs through rental income once complete.

Agent Description

East Austin opportunity featuring a home with an ADU under construction on the same lot, plus a storage shed. The main residence is complete and offering 3 bedrooms, 2 full bathrooms, a kitchen, living room, and dining area. The second structure (ADU) has the exterior fully finished while the interior remains under construction—providing an excellent opportunity to complete and customize. The ADU floor plan includes a first level designed for a kitchen, living room, dining room, and office. The second level is planned for 2 bedrooms, 2 bathrooms, and a balcony. Once finished, this space could serve as additional living quarters, a rental property, or an investment opportunity. (Agents: Please conduct your own due diligence) Located in the sought-after East Austin area, this property provides convenient access to Downtown Austin, Plaza Saltillo, Lady Bird Lake, restaurants, entertainment, and more. Agents: Please conduct your own due diligence. No survey available. Property sold As-Is.

Neighborhood: East Austin

This property is located in East Austin, Austin, TX. The area is known for Thriving Arts Scene, Top Restaurants & Breweries, Historic Homes, Modern New Construction, Cultural Diversity.

At $567/sqft, this listing is priced 12% above the East Austin median of $506/sqft.

Property Details

Listing data last updated: July 16, 2026

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