Property Overview

This corner property at 1505 12th Street in Old Enfield represents a rare institutional investment opportunity in one of Austin's most historically significant neighborhoods. The multifamily income-producing asset comprises five well-maintained units positioned on an oversized lot with dual street frontage on West 12th Street and Eason Street, plus valuable alley access. Currently operating as a steady rental portfolio, the property showcases thoughtfully updated interiors throughout, featuring hardwood floors, fresh kitchens, and high ceilings that appeal to discerning tenants. The zoning designation opens additional development possibilities for investors seeking long-term value appreciation in Central Austin.

The location captures the authentic charm of Old Enfield while delivering genuine walkability to downtown's cultural heart. Residents enjoy immediate proximity to Pease Park, artisanal dining destinations like Cipollina and Medici, independent cafes, and everyday conveniences including Fresh Plus Grocery. This isn't merely commercial real estate—it's access to a neighborhood defined by mature trees, architectural heritage, and the thriving Clarksville corridor that continues reshaping West Austin's landscape.

Priced at $460 per square foot, significantly below the area median of $662, this offering merits serious consideration from institutional buyers and experienced multifamily investors recognizing strong fundamentals in one of Austin, Texas's most sought-after historic districts.

Agent Description

This is an incredible opportunity right in the heart of Clarksville, the most sought after location in Old West Austin. An extremely well maintained, historic multi family property that has a total of 5 separate units that are always in high rental demand. The location of this oversized corner lot can not be beat, and it takes advantage of alley access and frontage on both W 12th Street and Eason Street. The Multifamily zoning provides even further development possibilities, and the best part of this property is its easy walkability to some of the most popular restaurants and coffee shops in the city. What a luxury and spectacular lifestyle to have Jeffreys, Josephine House, Cipollina, Medici, Taco Flats, Galaxy Cafe, and the Fresh Plus Grocery all right at your door step. The interior of the each unit has been lovingly cared for and recently updated with fresh kitchens, hardwood floors, high ceilings, and good separation of space so each tenant feels like they have their own private dwelling. The exterior has been recently painted and there is plenty of off street parking with multiple driveways, and a carport and storage area. The corner of the property is anchored by a beautiful live oak tree and the immediate blocks are full of quintessential Clarksville bungalows and high quality renovated homes that are some of the most sought after in town. Each unit is on its own separate meter, making it much more convenient for tenants to address their utilities, and yet another benefit of the multifamily zoning. Rarely will you find a property that has such a spectacular combination of an incredible location that is so close to downtown, the hike and bike trail, and easy access to all of the best restaurants, bars, coffee shops, and everything wonderful located on W 6th Street and West Lynn Street.

Neighborhood: Old Enfield

This property is located in Old Enfield, Austin, TX. The area is known for Historic Architecture, Pease Park, Central Location, Mature Trees, Walkable to Downtown.

At $460/sqft, this listing is priced 31% below the Old Enfield median of $662/sqft.

Property Details

Listing data last updated: March 25, 2026

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