$449,000

Property Overview

This East Austin gem at 1137 Richardine Ave presents a rare income-generating opportunity wrapped in one efficient package. The main residence offers three bedrooms and two bathrooms within 1,025 square feet, featuring a straightforward layout bathed in natural light that appeals to first-time buyers and downsizers alike. Positioned on a generous 6,141-square-foot lot in the vibrant 78721 neighborhood, the 1986-built home sits on one of Austin's most dynamic corridors, where proximity to local businesses and culture commands real value.

What truly sets this property apart is the completely detached guest suite tucked behind the main house. This separate structure, complete with its own private entrance and full bathroom, has proven itself as a reliable income stream—generating consistent Airbnb revenue while the main house commands rental rates that eclipse many comparable single-family homes in the area. The dual-unit configuration transforms this into an active investment property rather than simply a residence, allowing owners to offset their mortgage while maintaining their own living space or exploring long-term tenant arrangements.

The combination of manageable square footage, low-maintenance footprint, and documented rental history makes 1137 Richardine Ave particularly attractive in today's market. At $438 per square foot, this property aligns with the broader East Austin value proposition while offering substantially more utility than traditional single-family homes.

Vox Residential Insight

The beauty of this property lies in its proven income track record—the Vox Residential team recognizes that properties with established short and long-term rental histories in East Austin are increasingly difficult to find, especially at this price point. Buyers looking to live in one of Austin's most culturally rich neighborhoods while generating passive income will find this Richardine Ave property genuinely distinctive.

Agent Description

1137 Richardine Ave is a perfectly placed East Austin charmer with a secret advantage: a completely separate converted suite that’s been successfully used as an Airbnb. The main home offers two bedrooms and one full bathroom across roughly 800 square feet, sitting on a generous lot in the heart of 78721. Inside, the layout is simple, efficient, and easy to maintain, with natural light and a comfortable flow that fits first-time buyers, downsizers, or anyone wanting a low-maintenance footprint in one of Austin’s most dynamic neighborhoods. Behind the main home sits the real bonus—a detached guest suite with its own private entrance and full bathroom. Fully separated from the house, it’s ideal for short-term rentals, traveling nurses, long-term guests, or a private studio or workspace. Historically, the back unit has generated $1,500–$2,200 per month in Airbnb income, while the front house has rented for $2,400–$2,800 per month. Together, the property has produced approximately $4,400 per month, or $53,000 annually, with potential to further optimize returns. Fully paid-off solar panels add another layer of value by helping keep ongoing utility costs low. Furniture negotiable. The location adds even more value, with quick access to Mueller, Springdale General, Downtown, and nearby parks and trails. Whether someone wants a flexible living setup, a mortgage-offsetting rental, or a smart long-term hold in East Austin, this property delivers the kind of versatility and cash flow potential that’s hard to find at this price point.

Property Details

Listing data last updated: May 19, 2026

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