$649,000

Property Overview

This nearly quarter-acre parcel in the heart of Cherrywood presents a rare East Austin opportunity where a charming 1935 bungalow meets significant development potential on 2702 E 22nd St, Austin TX 78722. The main residence showcases original character throughout its 1,318 square feet: hardwood floors, wood-planked ceilings, and abundant natural light create an inviting 2-bedroom, 1-bath home with a welcoming front porch and brick chimney anchoring the living space. The open floor plan connects seamlessly to a kitchen ready for personalization, while a soaking tub and primary bedroom on the main level add modern comfort to this period-appropriate cottage.

Beyond the front house, the property reveals its true versatility with an income-generating garage apartment currently in operation, plus substantial room for additional development given the alley access and generous lot dimensions. A private stone patio and native plantings provide low-maintenance outdoor living, while the property's walkable Cherrywood location puts residents steps from the Manor Road corridor's shops and restaurants, minutes from Mueller, UT, and downtown Austin. This single-family residence balances immediate livability with compelling long-term value, whether as a primary residence with rental income, a builder's canvas, or an investor's platform in one of East Austin's most dynamic neighborhoods.

Vox Real Estate Insight

The Vox Real Estate team recognizes this E 22nd Street property as exceptional precisely because it bridges multiple buyer profiles: owner-occupants seeking character and walkability, investors capitalizing on existing income, and developers exploring East Austin's constrained inventory. At $492 per square foot, the pricing reflects both the building's vintage charm and the underlying land value in this high-demand Cherrywood pocket near UT and Mueller.

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 $492/sqft, this listing is priced 15% above the Cherrywood median of $429/sqft.

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