Property Overview

This 1925-built corner lot on Walnut Ave in East Austin presents exceptional value at 15% below neighborhood median pricing, making it an attractive opportunity for investors and owner-occupants alike. The four-bedroom, three-bath residence spans 1,391 square feet on a generous 6,054-square-foot lot zoned SF3, offering flexibility for expansion or future development. The thoughtfully updated interior features an open-concept design connecting the modern kitchen, living, and dining spaces—ideal for both daily living and entertaining guests.

The home's layout emphasizes versatility and income potential. Two bedrooms share a hall bath while two additional bedrooms feature private en suites; notably, the rear bedroom includes a separate private entrance, perfect for guests, a home office, or rental opportunities. A dedicated storage shed and alley access with multi-car parking round out the practical features that appeal to those seeking flexibility in their living arrangement.

Located in the heart of East Austin's thriving cultural corridor, this property sits minutes from Downtown, craft breweries, acclaimed restaurants, and the neighborhood's vibrant arts scene. The established area balances historic character with modern new construction, attracting diverse residents and businesses. The combination of walkable urban amenities, development potential, below-market pricing, and functional design makes 1200 Walnut Ave a compelling option for buyers seeking opportunity in Austin, TX's most dynamic neighborhood.

Agent Description

This updated 4-bedroom, 3-bath home sits on a desirable corner lot with alley access in the heart of East Austin. Designed for flexibility, it’s ideal for investors, short-term rental hosts, or anyone seeking versatile living. The open-concept layout offers seamless flow between the modern kitchen, living, and dining areas—perfect for everyday living and entertaining. Two bedrooms share a full hall bath, while two feature private en suites, including a rear bedroom with its own private entrance—ideal for guests, a home office, or additional rental income. Situated on a .139-acre SF3-zoned lot, this property presents excellent potential for expansion or future development of additional units. A rear alley provides convenient access to a driveway with parking for multiple cars, while a dedicated storage shed adds extra utility. Located just minutes from Downtown and some of East Austin’s best restaurants, shopping, and nightlife, this home blends everyday convenience with long-term investment opportunity.

Neighborhood: East Austin

This property is located in East Austin, Austin, TX. The area is known for Thriving Arts Scene, Top Restaurants & Breweries, Historic Homes, Modern New Construction, Cultural Diversity.

At $449/sqft, this listing is priced 13% below the East Austin median of $519/sqft.

Property Details

Listing data last updated: March 25, 2026

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