$2,000,000

Property Overview

This rare Travis Heights corner lot presents a compelling multi-use opportunity steps from South Congress Avenue and mere minutes from Downtown Austin. The 0.269-acre property currently houses three separate dwelling units: a classic Craftsman-style main residence with three bedrooms and one bath, a secondary home with two bedrooms and one bath, and an independent studio unit. All structures received thoughtful updates in 2022, combining historic charm with modern functionality while generating immediate income potential for savvy investors seeking multi-generational living or short-term rental opportunities.

Beyond its current income-producing appeal, 1317 Newning Ave in the highly desirable 78704 zip code offers significant redevelopment potential. The generous lot size and location within one of Austin's most walkable neighborhoods—near Lady Bird Lake access and surrounded by historic bungalows—positions this property for substantial appreciation. Whether investors prefer to capitalize on immediate cash flow or reimagine the land for new construction, this offering provides flexibility rarely found in this established community where similar redevelopment projects command premium valuations.

Vox Residential Insight

This property commands a 27% premium over the area's median price per square foot, reflecting its unique assemblage of three income-producing units and the exceptional redevelopment potential of the corner lot itself. From our perspective at Vox Residential, the real value here lies not just in what exists today, but in the multiple paths forward this Travis Heights location enables.

Agent Description

1317 Newning Ave is a rare opportunity in the heart of Travis Heights (78704) Just steps from South Congress (SoCo) and minutes to Downtown Austin. This 0.269-acre (11,718 sqft) corner lot offers exceptional flexibility with three existing dwelling units, making it ideal for multi-generational living, short-term rental (STR) potential, long-term income production, or redevelopment. The property includes a classic Craftsman-style main home (1317 Newning, 3 bed / 1 bath, ~1,137 sqft), a second residence (1315 Newning, 2 bed / 1 bath, ~832 sqft), and a separate studio unit, all thoughtfully updated in 2022. Each structure offers charm and functionality, creating immediate rental income potential or the ability to live in one unit while leasing the others. This property also presents a compelling redevelopment or new construction opportunity, with the potential to build a 4,000+ sqft luxury home in one of Austin’s most desirable neighborhoods, where new construction homes command premium values. Enjoy unbeatable walkability and location benefits, including easy access to South Congress Avenue’s restaurants, coffee shops, boutiques, and nightlife, while still being tucked away from the main traffic corridors. Stacy Park and Pool are just a short walk away, and Downtown Austin, Lady Bird Lake, and major employers are only minutes from your doorstep. Whether you’re an investor seeking a cash-flowing property in 78704, a buyer looking for a multi-generational setup, or someone wanting to build new in Travis Heights, 1317 Newning offers location, versatility, and long-term upside rarely found in today’s market. Schedule your private showing to explore the full potential of this one-of-a-kind property.

Neighborhood: Travis Heights

This property is located in Travis Heights, Austin, TX. The area is known for South Congress Avenue, Downtown Skyline Views, Historic Bungalows, Walkable Community, Lady Bird Lake.

At $999/sqft, this listing is priced 29% above the Travis Heights median of $772/sqft.

Property Details

Listing data last updated: May 19, 2026

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