Property Overview

This dual-home investment opportunity on 21st Street in Cherrywood presents a rare chance to own two distinct residences on a single 6,320-square-foot lot. The charming 1935 front bungalow showcases authentic period character alongside updated kitchen and bath spaces, while the 2018 back residence offers modern 2-bed, 2-bath living with open-concept design and premium finishes. Together, these homes unlock significant income potential through dual rental streams, house-hacking opportunities, or multigenerational living arrangements. The property sits 8% below the neighborhood's median price per square foot, offering solid value in one of Austin's most desirable walkable communities.

Cherrywood's tree-lined streets, vibrant coffeehouse culture, and proximity to UT Campus and Mueller create steady demand for rental properties. The location places residents minutes from downtown Austin, major employers, and community gathering spaces that define this neighborhood's appeal. With separate utilities and independent entrances, the configuration maximizes operational flexibility for landlords managing multiple units or families seeking shared-lot arrangements.

After 107 days on the market, this property represents a substantive investment for buyers seeking entry into Cherrywood's appreciating real estate landscape. The combination of vintage charm and modern amenities across dual structures creates versatility rare in the current Austin market, making it compelling for investors, owner-occupants, and multi-use buyers alike.

Agent Description

Prime Investment Opportunity in Austin’s Hottest Neighborhood! Unlock the potential of this exceptional dual-home property in a high-demand, walkable Austin neighborhood—an investor’s dream. Featuring two highly desirable rental units, this property offers strong income potential, flexibility, and long-term value appreciation. The back home, built in 2018, is a sleek 2 bed, 2 bath modern residence with open-concept living, stylish finishes, and abundant natural light. Its contemporary design attracts premium tenants and ensures low-maintenance ownership. The front home, a charming 1935 bungalow, retains the character of old Austin while featuring updated kitchen and bath spaces—perfect for short- or long-term rentals. With two separate homes on one lot, investors can maximize rental income, house-hack by living in one unit while renting the other, or use it for multi-generational living. Located just minutes from downtown Austin, UT, and major attractions, this property is ideal for students, faculty, and city professionals. Plus, being two blocks from the UT baseball stadium adds even more value for sports fans and visitors. A rare opportunity in one of Austin’s fastest-growing areas—don’t miss this chance to secure a high-yield investment in an unbeatable location! (Tax and assessed values are estimates only. All amounts should be verified independently.)

Neighborhood: Cherrywood

This property is located in Cherrywood, Austin, TX. The area is known for Cherrywood Coffeehouse, Tree-Lined Streets, Near UT Campus, Mueller Access, Strong Community.

At $403/sqft, this listing is priced 11% below the Cherrywood median of $453/sqft.

Property Details

Listing data last updated: March 25, 2026

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