Property Overview

Unit 205 at Holly House presents a rare investment opportunity in East Austin, where the property's short-term rental flexibility without requiring a separate STR permit sets it apart in Austin's competitive market. This 449-square-foot studio on Navasota Street maximizes space through clever design, featuring a lofted sleeping area that creates separation from the main living quarters and an adjacent second loft ideal for additional guests or expanded sleeping configurations. The boutique 30-unit condotel community positions owners for both lifestyle enjoyment and income generation, with HM zoning that simplifies the regulatory path compared to traditional residential properties.

Located in the thriving Holly neighborhood, the property sits blocks from the renowned Rainey Street corridor and minutes from Downtown Austin and South Congress—both anchors of the city's restaurant and brewery scene. Fully furnished and move-in ready, this unit taps into East Austin's dynamic cultural diversity and arts-forward character while offering the walkability that defines the area's appeal. The $315,000 price reflects strong demand for investment-grade properties in this corridor, where the neighborhood's ongoing development and established amenities create sustained interest among both owner-occupants and portfolio builders seeking Austin TX real estate with genuine income potential.

Agent Description

STR Allowed- Investor Friendly!! No STR License needed. Introducing Unit #205 at Holly House — a rare opportunity to own a fully furnished residence in Austin’s vibrant Holly neighborhood with exceptional flexibility. Located just blocks from Rainey Street and minutes to Downtown and South Congress, this boutique 30-unit condotel community offers the perfect blend of walkability and neighborhood charm. Zoned HM (Hotel-Motel), the property allows for short-term rental use without the need for a separate STR permit, providing true investment optionality with less regulatory uncertainty. While technically a studio, the layout lives much larger. The queen bed is thoughtfully positioned in a lofted sleeping area that feels private and separate from the main living space. An adjacent second loft offers the potential to create a second queen sleeping area — ideal for accommodating additional guests or families wanting to enjoy the city with the conveniences of a kitchen and added privacy. Unit #205 also offers the ease of turnkey ownership, conveying fully furnished and ready for immediate use as a short-term rental, lock-and-leave pied-à-terre, or both. Whether you’re seeking immediate income potential or a stylish Austin retreat near Rainey Street and Downtown, this residence delivers flexibility, convenience, and strong investment appeal in one of the city’s most dynamic locations. Additionally, the seller is offering Unit #201 for sale and is willing to sell both units together, presenting a unique opportunity for investors looking to acquire multiple assets within the same building. Check with Listing Agent for financing options.

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 $702/sqft, this listing is priced 35% above the East Austin median of $519/sqft.

Property Details

Listing data last updated: March 25, 2026

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