$1,200,000

Property Overview

Situated on a generous corner lot in the heart of Rainey Street District, 40 Waller St presents a rare investment opportunity within Austin's most dynamic urban neighborhood. This 1920s bungalow commands city, lake, and river views from its elevated position, offering four bedrooms and two baths across 1,452 square feet of lived-in character. The property's substantial 7,501-square-foot lot, anchored by mature trees exceeding forty feet, provides significant development potential while the primary bedroom on the main floor caters to modern living preferences.

Walking distance to Lady Bird Lake's hike-and-bike trail and surrounded by Rainey Street's celebrated bar scene and luxury high-rises, this residence bridges historic charm with contemporary neighborhood momentum. Central air and heating, in-unit laundry, and gated parking with five spaces address practical considerations, while the composition roof and pier foundation reflect classic Austin construction. The property sits approximately nine percent above neighborhood median pricing, reflecting its corner-lot positioning and expansive grounds in one of Austin's most sought-after entertainment districts.

Vox Real Estate Insight

At 260 days on market, this Rainey Street corner lot represents opportunity for buyers with vision who understand the district's trajectory toward mixed-use redevelopment. The Vox Real Estate team recognizes that properties with this footprint and location rarely cycle through the market, making this a strategic acquisition for investors comfortable with longer-term value appreciation in Austin's most vibrant urban core.

Agent Description

Prime Investment Opportunity in Downtown Austin! Discover exceptional value at 40 Waller St Austin TX, ideally located in the heart of Austin’s vibrant urban core. This property offers a rare chance to secure real estate in one of the city’s fastest-growing and most desirable districts. Surrounded by major employers, top restaurants, entertainment, and the serene Lady Bird Lake hike-and-bike trail, this location attracts strong demand from both residents and short-term/long-term renters. Featuring a highly walkable setting, easy access to transit, and close proximity to East Austin’s thriving tech and creative corridors, 40 Waller St. Austin stands out as a versatile investment with outstanding upside potential. Whether you’re seeking a steady income-producing asset or a strategic hold in a premier growth market, this property delivers the ideal combination of location, convenience, and long-term value. Don’t miss this unique opportunity to expand your portfolio with a property positioned for sustained appreciation in Downtown Austin.

Neighborhood: Rainey Street District

This property is located in Rainey Street District, Austin, TX. The area is known for Historic Bungalow Bars, Lady Bird Lake Access, Luxury High-Rises, Skyline Views, Vibrant Nightlife.

At $826/sqft, this listing is priced 9% above the Rainey Street District median of $761/sqft.

Property Details

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