$1,999,500

Property Overview

This exceptional corner lot in Travis Heights presents a rare multi-unit opportunity just steps from South Congress Avenue and downtown Austin's skyline. The property features three separate structures: a classic 1951 Craftsman-style main home alongside a second residence and independent studio, all thoughtfully updated in 2022. The expansive 0.27-acre footprint creates immediate flexibility for multigenerational living, rental income diversification, or substantial redevelopment potential. Located in one of Austin's most walkable historic neighborhoods, 1317 Newning Ave offers direct access to the area's renowned bungalows, Lady Bird Lake trails, and South Congress's thriving commercial corridor.

The distinct architectural character and functional layout of each unit generate strong income potential for investors, while the generous lot size opens possibilities for future luxury development. At $999 per square foot, this property commands a premium reflecting both its location and unique configuration within a neighborhood where new construction often commands significantly higher valuations. Travis Heights' appeal continues to strengthen, drawing buyers who value established charm, walkability, and proximity to downtown without sacrificing the tree-canopied, established-community feel that defines South Austin living.

Vox Residential Insight

The Vox Residential team recognizes this as a rare institutional-quality asset in Travis Heights—the multi-unit income stream combined with redevelopment optionality attracts both pragmatic investors and long-term buyers willing to pay above-area pricing for location and upside. The 70-day market time reflects buyer education needed around the property's unique value proposition, but the right investor will see the immediate cash flow and future land value as distinct advantages.

Agent Description

Discover an unparalleled opportunity in the esteemed Travis Heights neighborhood, where exceptional flexibility meets an unbeatable location just moments from South Congress and Downtown Austin. This remarkable 0.27-acre corner lot presents a unique canvas for diverse living arrangements or significant investment potential, featuring three distinct dwelling units thoughtfully updated in 2022. The property encompasses a classic Craftsman-style main home, a charming second residence, and a separate studio unit. Each structure provides immediate functionality and a distinct character, creating an ideal scenario for multi-generational living, lucrative short-term rentals, or consistent long-term income streams. Beyond its current configuration, this expansive lot offers compelling redevelopment prospects, allowing for the construction of a substantial luxury residence exceeding 4,000 square feet in an area renowned for its premium new builds. Residents will relish the unparalleled walkability, enjoying effortless access to South Congress Avenue's vibrant array of dining, cafes, boutiques, and entertainment. Proximity to Stacy Park and Pool ensures leisure and recreation are always within reach, with Lady Bird Lake and major employment centers in Downtown Austin just minutes away. This address represents a rare fusion of location, versatility, and enduring value, catering to investors, multi-generational families, or those aspiring to create a bespoke new home in one of Austin's most coveted zip codes. 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 with 1ba, all thoughtfully updated in 2022.

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 35% above the Travis Heights median of $741/sqft.

Property Details

Listing data last updated: July 16, 2026

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