Overview

  • Single Family Residence
  • Property Type
  • 3
  • Bedrooms
  • 2
  • Bathrooms
  • 1312
  • Sq Ft
  • 1972
  • Year Built
  • 0.25
  • Lot Sq Ft

Description

Discover an exceptional opportunity where potential meets prime location, offering a versatile canvas for investors and homeowners alike. This property, zoned SF3 on a generous quarter-acre lot near the prominent intersection of William Cannon and Manchaca, presents a rare chance to capitalize on Austin's dynamic real estate market. The existing home, a well-maintained 3-bedroom, 2-bathroom residence spanning two stories and 1296 square feet, is in good condition, ensuring a smooth appraisal and financing process. Its rental income potential exceeds $2000 per month, making it an attractive asset from day one. The recent 2024 installation of 30-year dimensional roof shingles provides peace of mind and long-term durability. The expansive lot opens doors to various development possibilities, including adding income-producing rental units, subdividing into multiple single lots, or creating a condo regime, mirroring successful projects in the immediate vicinity where similar homes commanded prices between $600,000 and $700,000. While the current floor plan offers unique charm, there is ample space to enhance its functionality by adding a half-bath downstairs, potentially utilizing existing garage space or the area beneath the stairs. This property is more than a home; it's a strategic investment in a thriving Austin neighborhood, poised for significant growth and offering endless possibilities for custom development or a comfortable living experience.

360° Virtual Tour

Interior Features

Living Area
1312
Price per Sqft
331.55
Levels
Two
Living Room
1
Flooring
Carpet, Laminate
# Other Level Beds
2
Dining Rooms
1
Main Level Bedrooms
1
Bedrooms
3
Full Bathrooms
2
Half Bathrooms
0
Total Bathrooms
2
Fireplace
0
Laundry Location
In Garage
Cooling
Yes
Cooling Description
Ceiling Fan(s), Central Air
Heating
Yes
Heating Description
Central
Patio And Porch Features
None
Window Features
Aluminum Frames, Blinds, Screens
Interior Features
Ceiling Fan(s), Tile Counters, Pantry, Primary Bedroom on Main, Walk-In Closet(s), Washer Hookup
Appliances
Dishwasher, Disposal, Exhaust Fan, Microwave, Free-Standing Gas Range, RNGHD, Self Cleaning Oven, Stainless Steel Appliance(s), Vented Exhaust Fan, Gas Water Heater

Utilities

Utilities
Above Ground, Electricity Connected, Natural Gas Connected

Exterior Features

Roof
Composition
Waterfront
No
Property Condition
Resale
Foundation Details
Slab
View
No
Fencing
Back Yard, Chain Link
Water Source
Public
Other Structures
None
Spa Features
Parking Features
Attached, Door-Multi
Pool
No
Lot Size
0.25 Acres
Sewer
Public Sewer
Exterior Features
Private Yard

School Information

Elementary School
Cunningham
Middle School
Covington
High School
Crockett

Other Property Details

MLSⓇ ID
7324831
MLS Board
Unlock MLS
Direction Faces
West
Community Features
None
Accessibility Features
None
Lot Features
See Remarks, Back Yard, Few Trees, Front Yard, Interior Lot, Level, Split Possible
FEMA Flood Plain
No

TAX Details*

Annual Tax Amount
$9,040.92
Estimated Taxes
$9,040.00

Listing Details

Data Source
Unlock MLS
List Agent MLS ID
289355
List Agent Name
Dianna Salazar
Listing Broker
Texas Residential Properties
Contractual Search Date / Listed
2026-03-16

Other Details

Pets Allowed
[mls_disclaimer]

Mortgage Calculator

Mortgage Calculator

Amit Shanghvi

Enquire About This Property






    Compare listings

    Compare