$674,900

Property Overview

This East Austin corner lot at 3201 Kay St presents a rare multi-use opportunity in one of the city's most dynamic neighborhoods. Beyond the charming 1955 main residence with its three bedrooms, granite countertops, and stainless steel appliances, this property includes a fully separate one-bedroom apartment with private entrance and connecting door for maximum flexibility. The genuine differentiator sits in the backyard: a vintage Avion trailer outfitted with electricity, kitchenette, and bathroom, plus two detached sheds, transforming the generous 7,536-square-foot lot into a compound suited for multigenerational living, guest accommodations, or creative income opportunities. Central air and heating, updated kitchen amenities, and multiple living areas across 2,006 square feet make this an unconventional value proposition for the area.

The property's position in East Austin's Spillar & Greenwood Addition places it within reach of Google Fiber, nearby parks, and trails while remaining accessible to top AISD schools including Kealing and Eastside Early College. At $336 per square foot, the asking price reflects the development potential and functional diversity this corner parcel offers. Vox Real Estate recognizes that listings combining adaptable floor plans with additional income-producing or guest-space potential move quickly in Austin's competitive market. This Kay Street property is precisely the kind of strategic asset that appeals to buyers looking beyond a single-family structure toward a flexible residential ecosystem.

Vox Real Estate Insight

Vox Real Estate sees this as an exceptional play for owner-occupants seeking mortgage offset through rental income or buyers planning multi-generational arrangements—the apartment and trailer combination creates options that most East Austin properties simply cannot match at this price point. The corner lot in the 02 MLS area gives this home both utility and future development intrigue that justifies careful

Agent Description

East Austin Unicorn Listing in the Heart of the 02! More than a home, this property comes with possibility! Set on a generous corner lot, this East Austin property delivers the kind of flexibility that's becoming harder to find. Whether you're bringing generations together under one roof, creating space for long-term guests, or offsetting your mortgage with rental income, this property opens the door to possibilities. The main home offers three bedrooms, a full bath, an updated kitchen with granite countertops and stainless steel appliances, plus two comfortable living areas. Upstairs you will find a one-bedroom apartment with its own private entrance, kitchen, living room, bedroom, and full bath, making it feel like an entirely separate residence. A door between the apartment and main house provides the ultimate in flexibility. The backyard keeps the versatility going with a vintage Avion trailer complete with electricity, a kitchenette, and a bathroom. Two detached sheds are also included, providing you with space for creative projects, storage, or workshop space. Fresh interior and exterior paint, updated windows, roof, HVAC and updated fixtures throughout mean the major updates are already behind you. The 7,536-square-foot SF-3 zoned lot offers even more upside with room to explore a future ADU or additional improvements (buyer to verify). And when you're not taking advantage of all that flexibility at home, you're living in one of Austin's most beloved neighborhoods. Walk, bike, or scoot to neighborhood coffee shops, breweries, restaurants, live music, and local favorites. Downtown is just two miles away, but the East Side's creative energy, community feel, and unmistakable Austin character are right outside your front door. There’s also a greenspace right across Tillery with walking trails for when you need to get some fresh air. Rarely does a property offer this much adaptability in one of Austin's most sought-after areas. Schedule your tour today!

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