$650,000

Property Overview

This East Austin property on Walter Street presents a unique development opportunity in one of the city's most dynamic neighborhoods. The main residence features three bedrooms, two bathrooms, and an open floor plan across 1,164 square feet, offering immediate occupancy with all utilities connected to public systems. What sets this offering apart is the partially constructed accessory dwelling unit on the expansive 6,926-square-foot lot—the ADU's exterior is complete while interior finishes remain customizable, presenting builders and investors with flexibility to design a two-story addition including two bedrooms, two bathrooms, and office space. The property's location provides walkable access to East Austin's thriving arts scene, top-tier restaurants and breweries, and direct connections to Downtown Austin and Lady Bird Lake.

Situated in Rosewood Village with no HOA restrictions, this single-story brick and wood siding home includes a rear porch, wood fencing, and three parking spaces. The lot's medium-sized trees and northwest orientation create a solid foundation for the main residence while the blank canvas of the ADU invites creative vision. This property sells as-is with the ongoing construction, allowing buyers to complete the project according to their specifications and timeline.

Vox Real Estate Insight

This is a rare East Austin offering where the land value and ADU potential significantly outweigh the current asking price, especially for buyers with construction expertise who can finish the second structure themselves. We're seeing strong investor interest in this corridor, and the ability to add a functional rental unit or guest quarters makes this Walter Street location particularly compelling in Austin's competitive real estate market.

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 $558/sqft, this listing is priced 11% above the East Austin median of $501/sqft.

Property Details

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Systems & Utilities

Exterior & Lot

Parking

Community & HOA

Assigned Schools

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