$625,000

Property Overview

This Walter Street property in East Austin presents a rare dual-structure opportunity on a spacious 6,926 square foot lot. The established 1,164 square foot main residence features three bedrooms, two bathrooms, and an open floor plan with all living spaces on one level—ideal for accessibility or simplicity. Beyond the primary home sits an ADU with completed exterior framing and a thoughtfully designed floor plan: ground level kitchen and living areas plus an upper level with two bedrooms, two bathrooms, and a balcony. The interior buildout remains unfinished, allowing buyers to customize finishes and realize significant value creation.

Located in the heart of East Austin's cultural renaissance, this Walter Street residence offers walkable proximity to the neighborhood's thriving restaurant scene, craft breweries, and galleries that define the area's character. The property sits minutes from Downtown Austin, Lady Bird Lake, and Plaza Saltillo, positioning owners at the intersection of Austin's most dynamic neighborhoods. With no HOA restrictions and three parking spaces, the site provides flexibility for both primary residence needs and investment potential.

Vox Real Estate Insight

The unfinished ADU represents a compelling value-add opportunity in one of Austin TX's most sought-after neighborhoods, and the lot size itself provides breathing room rarely found in East Austin. At Vox Real Estate, we're tracking how the completion of this second structure could substantially increase the property's overall return, whether the owner pursues owner-occupancy with rental income or full investment positioning.

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 $537/sqft, this listing is priced 12% above the East Austin median of $478/sqft.

Property Details

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