Property Overview

This 1957-built residence on Lola Drive offers a compelling income-producing opportunity in North Austin. The main house provides comfortable living with four bedrooms across two living areas, three full baths, and an updated kitchen featuring an open-concept layout. The primary bath showcases a classic clawfoot soaking tub, while built-in shelving and vintage details preserve the home's character. Beyond the main residence sits a detached garage apartment—a fully equipped one-bedroom, one-bath studio with its own kitchen and HVAC system—currently generating $1,100 monthly rental income on a flexible month-to-month lease.

The property's 9,212-square-foot lot maximizes versatility with two driveways, RV-friendly parking, dual storage sheds, and a large fenced backyard designed for entertaining. Two covered decks and a covered patio create outdoor living spaces, while fruit trees add practical appeal. Recent upgrades include an enhanced 200-amp electrical panel and metal roofing on both structures, along with security features and wrought iron fencing.

Positioned at $196 per square foot in a well-connected North Austin corridor, 205 Lola Drive delivers immediate accessibility to major highways, shopping, dining, and employment centers. Whether leveraging the rental income or consolidating both structures for single-family use, this Austin property presents flexibility uncommon in its price range.

Agent Description

Don't sleep in this deal!! Updated home with income-producing garage apartment ($1100/mo) in a convenient North Austin location! The main house offers 3 bedrooms and 2 full baths, a large second living area, built-ins, and an open-concept living/kitchen with a retro-style refrigerator. The primary bath features a clawfoot soaking tub. The detached garage apartment is a 1 bed, 1 bath studio with full kitchen and HVAC, currently leased month-to-month at $1,100/month, providing immediate income or flexibility. Property highlights include two driveways, RV-friendly parking, two storage sheds, metal roofs on both structures, wrought iron fencing, fruit trees, security features, and an upgraded 200-amp electrical panel. Enjoy a large fenced backyard ideal for entertaining complete with one covered patio and two covered decks. Easy access to major highways, shopping, dining, and employers. A versatile property offering comfortable living with built-in income potential. The Preferred Lender on this property is Randy Atkinson at Synergy One Lending.  The Buyer will receive 1% Lender Credit (based off of the loan amount) when obtaining financing through Randy Atkinson at Synergy One Lending

Property Details

Listing data last updated: March 25, 2026

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