$595,000

Property Overview

This charming 1941 Craftsman cottage on Willbert Road in Hyde Park presents a rare opportunity for investors and owner-occupants seeking both income potential and value appreciation. The property functions as a dual-unit residence on an oversized 0.226-acre lot, with a front unit offering two bedrooms and one bath, and a fully separate back unit with one bedroom, one bath, and its own private entrance and yard space. Currently generating rental income with flexible lease terms, the home delivers immediate cash flow while buyers capitalize on its prime central location near UT Campus and Austin TX's most walkable neighborhoods.

At $346 per square foot, this property trades 19 percent below the Hyde Park median, reflecting its opportunity for thoughtful updates and strategic repositioning. The SF-3 zoning opens possibilities for additional density or reconfiguration under current Austin development standards, making this an attractive proposition for those envisioning expanded use. Anchored by tree-lined streets, local restaurants, and strong community character, Willbert Road offers the authenticity that defines Hyde Park's appeal while maintaining proximity to the city's most vibrant amenities.

Vox Residential Insight

The Vox Residential team recognizes that Hyde Park's inventory remains tight, and this dual-unit configuration with significant lot size is increasingly hard to find at this price point in such a desirable location. We see strong potential here for owner-occupants wanting to live on-site while offsetting mortgage costs, or for developers ready to unlock the property's density potential under current zoning.

Agent Description

Craftsman-style cottage with duplex-style functionality on an oversized 0.226-acre lot in a prime central location. The front unit offers 2 bedrooms, 1 bath, a full kitchen (no dishwasher), and central HVAC, while the back unit features 1 bedroom, 1 bath, a full kitchen with a dishwasher, and window units for heating and cooling (no central HVAC). The second unit is fully separate from the front with no shared interior access, offering its own private entrance and separate yard space, providing a high level of privacy and flexibility for occupants. The front unit is currently leased month-to-month and may be available soon, while the back unit is leased through August. This property will require updates and is priced accordingly, offering significant value-add potential driven by its location, lot size, existing duplex-style configuration, and SF-3 (CO-NP) zoning, which may allow for additional unit(s) or reconfiguration under current Austin development standards (buyer to verify). The flexible layout is ideal for an investor or an owner-occupant looking to live in one unit and lease the other. The yard is a standout feature—spacious, fenced, and filled with mature trees. All of this just north of UT campus, with easy access to Downtown Austin and a short distance from the restaurants, coffee shops, and neighborhood charm of Hyde Park.

Neighborhood: Hyde Park

This property is located in Hyde Park, Austin, TX. The area is known for Historic Victorian Homes, Strong Community, Local Restaurants, Tree-Lined Streets, Near UT Campus.

At $346/sqft, this listing is priced 18% below the Hyde Park median of $422/sqft.

Property Details

Listing data last updated: April 16, 2026

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