Property Overview

This 603 Grady DR property in Georgian Acres presents a compelling value proposition at $195 per square foot—27% below the Austin neighborhood median. The 1949 mid-century modern bungalow sits on an expansive 10,288-square-foot SF-3 zoned lot, offering significant development potential for savvy investors and owner-occupants alike. The main residence features 1,510 square feet of living space with four bedrooms, three bathrooms, and original hardwood flooring that exemplifies the era's craftsmanship. Large windows flood the open-concept layout with natural light, while distinctive architectural details preserve the home's vintage character.

The North Lamar location delivers exceptional convenience and growth prospects. Residents enjoy quick access to The Domain shopping destination, the new Q2 Stadium, and emerging Uptown Austin developments. Highway connectivity ensures seamless commutes, while the rapidly appreciating area continues to attract investment and commerce. The SF-3 zoning permits flexibility for future expansion or conversion opportunities, making this property particularly attractive to those seeking to maximize their land investment.

With a tenant currently in place, 603 Grady DR offers immediate income potential while you strategize the property's long-term vision. Whether viewed as a renovation project, investment opportunity, or primary residence with expansion capability, this Austin TX offering provides rare value in a neighborhood poised for continued appreciation.

Agent Description

Rare opportunity to make your dream HOUSE/DUPLEX/TRIPLEX Extra Large SF3 Lot. This charming Mid-Century Modern bungalow, currently configured as a single-family residence with an attached duplex (convertible to a triplex), presents a prime opportunity for renovation and investment in Austin's rapidly appreciating North Lamar neighborhood. Situated on a spacious 10,500 sq ft lot zoned SF-3 (which permits single-family homes, duplexes under certain conditions, and accessory dwelling units), the property is located just 10 minutes from downtown Austin and offers excellent proximity to major developments, including The Domain, the new Q2 Soccer Stadium, and the emerging Uptown Austin area. Key Property Features: Approximately 1,510 sq ft of living space 4 bedrooms and 3 bathrooms Open-concept layout with abundant natural light from large windows on nearly every exterior wall Original hardwood floors throughout (except kitchen) Vintage Mid-Century Modern architectural details Tenant in place with flexible lease terms (30 days to one year) Investment and Customization Potential: This property is sold AS-IS and represents an ideal candidate for buyers seeking a renovation project with strong long-term appreciation prospects. The solid structural foundation ("good bones") and generous lot size provide flexibility for: Restoring the home as a spacious single-family residence Converting to a multi-unit configuration (e.g., duplex or triplex) Expanding with additions such as a pool, guest house, garden, or accessory dwelling unit *Perfect for homebuyers or investors seeking a project in a prime location Original Mid-Century Modern Design: *Features original hardwood floors (except in the kitchen), vintage architectural details, and an abundance of natural light with windows on nearly every exterior wall. The area's ongoing growth positions this asset for significant value appreciation, making it attractive for both owner-occupants and investors. Endless Possibilities

Neighborhood: Georgian Acres

This property is located in Georgian Acres, Austin, TX. The area is known for Affordable Living, Near The Domain, Q2 Stadium Access, Highway Convenience, Growing Area.

At $195/sqft, this listing is priced 26% below the Georgian Acres median of $264/sqft.

Property Details

Listing data last updated: March 25, 2026

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