$625,000

Property Overview

This 1925-built corner lot on Walnut Avenue in East Austin offers rare flexibility and strong income potential in one of Austin's most dynamic neighborhoods. The thoughtfully updated four-bedroom, three-bath residence sits on a substantial 6,054-square-foot lot with SF3 zoning, positioning it for investors and owner-occupants alike. The open-concept layout flows naturally between the modern kitchen, living, and dining spaces, while two bedrooms feature private en suites—one with its own rear entrance perfect for guest quarters or rental income. A dedicated storage shed and alley access with multi-car parking add practical value that extends the property's utility.

At $449 per square foot, this East Austin gem sits 13 percent below the neighborhood median, making it an exceptional value in a rapidly appreciating area. Walnut Avenue places residents steps from the thriving cultural landscape that defines the neighborhood: world-class restaurants, innovative breweries, and galleries that reflect East Austin's creative spirit. The location balances historic character with convenient access to Downtown, while the lot's development potential appeals to those envisioning expansion or additional units down the line.

Whether owner-occupied, leveraged for short-term rental income, or held for future development, 1200 Walnut Avenue captures the essence of East Austin opportunity: established neighborhood appeal, architectural substance, and tangible upside potential in a location that continues to define Austin's identity.

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 16% below the East Austin median of $532/sqft.

Property Details

Listing data last updated: May 19, 2026

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