$625,000

Property Overview

Sitting on nearly a quarter-acre in the heart of Cherrywood, this 1935 bungalow at 2702 E 22nd St offers rare development potential paired with authentic East Austin character. The main residence showcases original hardwood floors, wood-planked ceilings, and a front porch that anchors the property with vintage charm, while natural light fills the open floorplan across two bedrooms and one bathroom. A soaking tub, built-in features, and gas range appeal to those seeking both functionality and period details in this 1,318 square foot home.

The real value extends beyond the primary residence. A garage apartment currently generating income provides immediate revenue or flexible housing options, while the expansive grounds feature a stone patio, native landscaping, alley access, and room for future development. The location amplifies the opportunity, placing residents steps from the Cherrywood Coffeehouse, Manor Road's shops and restaurants, Mueller, UT Campus, and downtown Austin. This property priced at $474 per square foot appeals equally to owner-occupants seeking character and investors recognizing the development or multi-unit potential this lot size affords in one of Austin TX's most walkable neighborhoods.

Vox Real Estate Insight

The Vox Real Estate team sees this Cherrywood property as a rare convergence of income-producing assets, development upside, and authentic neighborhood appeal that doesn't require extensive renovation. The existing garage apartment generating revenue, combined with the lot size and alley access, positions this as a strategic acquisition for investors while remaining genuinely livable for homeowners who value East Austin's established community character.

Agent Description

Rare opportunity in the heart of Rosewood, steps from the shops, bars, and restaurants on Manor Road and just minutes to Mueller, UT, and downtown — this nearly quarter-acre offering multiple income possibilities in one of East Austin's most walkable pockets. The front house is a lovingly maintained 2 bed, 1 bath bungalow full of original character: hardwood floors, a charming front porch, wood-planked ceilings, and a brick chimney column that anchors the living space with warmth you can't replicate in new construction. Natural light pours through every room, and the kitchen is a blank canvas ready for a buyer's personal touch. Out back, a stone patio and low-maintenance landscaping create an easy, private outdoor space, while the existing garage apartment — currently generating income, though in need of updating — adds even more value and flexibility. The lot offers alley access and room for up to two more homes, making this a builder's or investor's dream, and equally suited to multi-generational living with separate structures already in place. Competitively priced and ready for its next chapter, this is a rare chance to secure land, income, and character all in one Rosewood address.

Neighborhood: Cherrywood

This property is located in Cherrywood, Austin, TX. The area is known for Cherrywood Coffeehouse, Tree-Lined Streets, Near UT Campus, Mueller Access, Strong Community.

At $474/sqft, this listing is priced 10% above the Cherrywood median of $429/sqft.

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