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$1,180,000
5 Beds 4 Baths 3738812 MLS 78704 Zip Code
Rare income-producing and redevelopment opportunity in highly desirable 78704! Situated on an approximately 8,612 SF (.198-acre) corner lot in a prime Central Austin location, this versatile property features three separate living spaces and approximately $6,600 per month ($79,200 annually) in current gross rental income, offering an exceptional opportunity for an investor, owner-occupant, or builder. The main home, approximately 1,104 SF, offers 2 bedrooms and 2 baths. A separate rear building includes two additional living spaces: an approximately 879 SF upstairs 2-bedroom, 1-bath Unit A, currently leased to long-term tenants, and an approximately 550 SF furnished 1-bedroom, 1-bath garage apartment, Unit B, currently operated as a short-term rental (STR). Both rear units may offer potential for short-term rental use, subject to buyer verification of applicable city regulations, permitting, and requirements. Owner pays utilities. The property offers income from day one with meaningful value-add potential. Unit A has not been updated, creating an opportunity to renovate and potentially increase rental income. Numerous improvements have been completed throughout the property, enhancing its immediate income-producing appeal. For investors, the property can be held as an income-producing property, renovated to maximize rental income, or explored for future redevelopment. The 8,612 SF corner lot may offer potential for three separate residences, subject to buyer verification of zoning, permitting, and development requirements. The flexible layout provides options for maximizing current income and future value. Ideally located just minutes from Downtown Austin, with easy access to South Congress, South Lamar, Lady Bird Lake, restaurants, shopping, and entertainment, this is a rare opportunity to acquire an income-producing property with multiple paths for future upside in one of Austin’s most sought-after neighborhoods.

401 W Live Oak St, Austin

$915,000
3 Beds 2 Baths 8635733 MLS 78748 Zip Code
South Austin Oasis situated on 1.5 acres in a quiet cul-de-sac, offering the space and privacy that can be hard to find this close to town. The property is conveniently located near the newly renovated H-E-B, Southpark Meadows, and the thriving Manchaca Road district. The 3-bedroom, 2-bath home features an open kitchen with quartz countertops, wood flooring, high ceilings, stainless steel appliances, and abundant natural light throughout. Large windows and skylights bring plenty of natural light into the home while providing views of the surrounding trees and property. Outside, the expansive 1.5-acre lot offers plenty of room to enjoy the outdoors, with mature trees, a covered patio, gazebo, stone path way with sitting area, and ample space for entertaining, relaxing, or adding a pool. The size of the lot also provides a buyer with the opportunity to build an additional ADU structure or RV storage. A rare opportunity to own acreage in South Austin while remaining close to shopping, dining, entertainment, and the amenities of the Manchaca Road and Southpark Meadows areas. Hot tub and outdoor TV do not convey with the sale.

1127 Penion Dr, Austin

$1,500,000
2880539 MLS 78745 Zip Code
Rare Opportunity Directly in the Heart of ST DAVID'S SOUTH MEDICAL DISTRICT in Austin's SPECIAL DISTRICT. This Commercial Zoned Property Ready for your final touch (.17 acres) or this property is perfect for larger development project as the adjacent parcel at 4322 James Casey (.42 acre) to the left is also available for separate purchase. This combined purchase would amount to a .59 acre combined lot with opportunity on over 25,700 square feet. The structure is completed on the exterior and just needs the final finish out on the interior. LOTS of Potential Development Opportunities in this Thriving Medical District. Positioned in the heart of the thriving St. David's South Austin Medical District, 4320 James Casey Street offers an exceptional location surrounded by one of South Austin's largest concentrations of healthcare providers and medical services. Just steps from St. David's South Austin Medical Center, the property is within walking distance of major medical office campuses including Medical Oaks Park, James Casey Garden Medical Center, and Post Oak Centre South, which are home to a wide variety of specialty medical practices, outpatient surgery centers, diagnostic imaging, cardiology, gastroenterology, orthopedics, neurology, women's health, fertility services, ophthalmology, pain management, laboratory services, rehabilitation providers, pharmacies, and other healthcare-related businesses. This highly established medical corridor continues to experience strong growth, making 4320 James Casey Street an outstanding opportunity for medical, professional office, or healthcare-related users seeking a premier location in one of Austin's most active healthcare hubs.

4320 James Casey St, Austin

$650,000
4 Beds 2 Baths 6221225 MLS 78745 Zip Code
Set on an expansive 0.42-acre lot in the heart of South Austin, this four-bedroom, two-bath residence offers a rare opportunity to create a true urban farmstead while enjoying the comfort of a fully modernized home. The existing structure has been taken down to the studs and rebuilt through a comprehensive, fully permitted remodel, with all major systems recently updated, providing a solid foundation for immediate living. Zoned SF3, the property invites future development, whether that means adding additional structures, guest quarters, studios, or thoughtfully expanding the homestead over time. With ample land for gardens, orchards, chickens, or outdoor gathering spaces, this property blends the freedom of acreage with the convenience of city living. A compelling canvas for those seeking space, sustainability, and long-term potential, all just minutes from South Austin’s dining, culture, and energy.

7702 Wynne Ln, Austin

$475,000
3 Beds 2 Baths 8634609 MLS 78745 Zip Code
Beautifully remodeled and move-in ready, this charming 3-bedroom, 2-bath home in South Austin's established Whispering Oaks neighborhood combines modern updates with exceptional outdoor living. Ideally located with easy access to I-35, US-290/71, and MoPac, you'll also enjoy being just minutes from shopping, grocery stores, restaurants, and cafes. Inside, the home features updated flooring, smooth ceilings, fresh paint, solid wood interior doors, energy-efficient double-pane windows, a Smart Thermostat, and a stylish remodeled kitchen with custom cabinetry, granite countertops, and stainless steel appliances. Both bathrooms have been tastefully renovated with updated vanities, tile, tubs, lighting, and fixtures. The spacious primary suite opens through French doors to a private backyard retreat featuring a large covered patio, mature shade trees, and a large shed in the backyard and a Smart Thermostat, offering the perfect space for a home office, studio, workshop, or additional storage. The freshly painted exterior with modern farmhouse-inspired accents provides outstanding curb appeal, while additional updates include a two-car garage with a newer garage door and opener, a high-efficiency HVAC system with added attic insulation, a roof replaced in 2017, and a water heater replaced in 2020. This beautifully maintained home is truly move-in ready and offers the perfect blend of comfort, style, and convenience.

7004 Twisted Oaks Dr, Austin

$2,375,000
7697685 MLS 78745 Zip Code
Gillis Place Apartments presents a rare value-add multifamily opportunity in the heart of South Austin, just minutes from St. Elmo, South Congress, and Downtown Austin. Offered at $98,958 per unit, the property is priced below the 2026 assessed value and includes an assumable fixed at 3.57% through August 2030, subject to lender approval. In today’s financing environment, the ability to assume long-term agency debt at this rate provides a significant competitive advantage and meaningfully reduces the cost of capital. The property consists of 24 identical one-bedroom, one-bathroom units, each approximately 500 square feet, creating a highly efficient operating model with a single floor plan, consistent maintenance requirements, and straightforward renovation execution. The community is currently 87.5% occupied, with the next lease already signed. Based on the seller’s underwriting, stabilized NOI is projected at approximately $182,000, representing an estimated 7.3% yield on total project cost in a market where comparable assets continue to trade near 5.5% capitalization rates. The existing loan balance of approximately $1.050 million represents roughly 43% leverage, requiring approximately $1.35 million of equity to complete the assumption. This structure is particularly attractive for 1031 exchange buyers, private investors seeking immediate financing certainty, and equity-rich operators looking to capitalize on below-market debt that is increasingly unavailable in today’s lending environment. The OM, current rent roll, trailing financials, and loan assumption package are available upon execution of a Confidentiality Agreement. Property tours are available by appointment only. Offers will be reviewed as received. All information contained herein has been obtained from sources deemed reliable but has not been independently verified.

4314 Gillis St, Austin

$200,000
1 Beds 1 Baths 6688885 MLS 78704 Zip Code
Welcome to a beautifully renovated South Austin Condo located in one of the most desirable pockets of 78704. This updated, turnkey unit offers modern comfort, a gated community, and rare short-term rental approval, making it perfect for both homeowners and investors. Step inside to a bright, efficient layout featuring stylish finishes, updated flooring, modern fixtures, and a clean, contemporary feel throughout. The condo includes a comfortable bedroom, a spacious living area, and a full kitchen, along with thoughtful upgrades such as high-speed internet access, TV setups in both rooms, and the option to purchase fully furnished—making it completely move-in or guest-ready from day one. The community provides exceptional convenience with gated access, free resident and guest parking, and an on-site laundry facility. Residents also enjoy access to a refreshing community pool, landscaped grounds, and a quiet, wellmaintained environment just minutes from Downtown Austin, South Congress, Zilker Park, Lady Bird Lake, and some of Austin’s best restaurants, music venues, and nightlife. Whether you’re looking for a private Austin retreat, a lockand-leave residence, or a fully operational short term rental in a high-demand location, this property delivers flexibility, location, and turnkey readiness. A rare opportunity in 78704—modern living, gated security, strong investment potential, and unmatched proximity to the best of Austin. Seller may offer buyer incentives subject to negotiation.

2302 East Side Dr Unit 6, Austin

$290,000
2 Beds 2 Baths 9568590 MLS 78704 Zip Code
This home is located close to downtown and right off South Lamar without the hustle and bustle. This beautifully remodeled home offers the best of both worlds: easy access to everything Austin has to offer, tucked into a comfortable, welcoming setting. Remodeled within the last three years with all the major items already taken care of, this home features a stunning kitchen with updated appliances, fresh flooring throughout, a new roof installed in 2026, and a hot water tank just three years young. The spacious, light-filled layout welcomes you the moment you step inside, with a gorgeous downstairs flooded with natural light. Retreat upstairs to the primary bedroom, which opens to a private patio which is the perfect spot for morning coffee, afternoon sunshine, evening cocktails, or a quiet reading nook. A second patio at the back of the unit overlooks lush green space and is ideal for hosting friends and family. Enjoy fantastic HOA amenities including a community pool, ample shared yard space for pets, and inviting outdoor grill and fire pit areas. Parking is never a worry with two assigned spaces plus additional parking off the back patio. With quick access to the highway and major thoroughfares, downtown is just minutes away. You'll be surrounded by beloved local attractions like Radio Coffee, neighborhood restaurants, Pilates studios, thrift stores, convenient bus lines, and so much more. It's the perfect blend of comfort, convenience, and community. Don't miss your chance to call this stunning property home!

3809 Menchaca Rd Unit C, Austin

$1,400,000
6846833 MLS 78735 Zip Code
Beautifully appointed condo suite located within a private, gated office condo community in highly desirable South Austin. Thoughtfully designed for both functionality and professional appeal, the suite features several private offices, two restrooms, a welcoming reception area, dedicated lobby/waiting area, break room, abundant storage and cabinetry, and an open workspace ideal for collaboration. This flexible layout easily accommodates a wide range of users—including medical, dental, aesthetic, legal, lending, and general office—offering a polished environment that makes a strong impression for both clients and team members alike. Ideally positioned along Southwest Parkway, the property provides exceptional accessibility to South Austin, Lakeway, Downtown Austin, and the surrounding Hill Country, making it a highly convenient hub for both employees and clientele. The gated community offers ample parking, including two reserved covered spaces, along with access to an on-site fitness center complete with showers and a scenic walking path—blending everyday practicality with added lifestyle amenities.

5900 Southwest Pkwy Unit 401, Austin

$165,000
1 Beds 1 Baths 1133061 MLS 78745 Zip Code
Freshley Painted and updated Condo in the vibrant heart of South Austin! This conveniently located condo is situated just off the intersection of Westgate and William Cannon, offering unparalleled accessibility to all your local necessities. Close to shopping, dining, groceries, entertainment, or need to hop on public transportation, it's all within a short walk from your doorstep. Plus, with a quick 15-minute drive, you can be in the downtown Austin area, enjoying all the city has to offer. A bright and open interior and gorgeous wood-like vinyl flooring. The kitchen is equipped with stainless steel appliances, chic dual-toned cabinetry, and contemporary accents. One of the standout features of this condo is the balcony. The primary bedroom is spacious, and the large walk-in closet provides ample storage space. The condo includes and in suite stackable washer/dryer and Refrigerator the Flagstone condo community offers the perfect blend of location, style, and functionality. Great Opportunity for an investor

6903 Deatonhill Dr Unit 2, Austin

$1,400,000
4617636 MLS 78704 Zip Code Southwood BLDG.
This is the kind of asset in Bouldin Creek that has strong upside .35 acres zoned MF 4, sitting less than two miles from downtown Austin in one of 512's most land-constrained neighborhoods.The play here is straightforward: collect rent today, capture upside tomorrow. Current rents are running well below market on a mix of four 1BD/1BA and two 2BD/1BA units - meaning a new owner can generate immediate returns through light renovation and a rent reset, or simply hold and let the land appreciate while Austin's density pressure does the work. The land story is real. MF-4 zoning allows 6+ additional units with height up to 60 feet. Feasibility study on hand to get an idea of potential yields. Whether you're a private investor looking for a stabilized Bouldin Creek hold, a developer eyeing a ground-up play, or a 1031 buyer needing a low-friction close - this checks the box.

2411 S 5th St, Austin

$465,000
3218130 MLS 78704 Zip Code
Investor opportunity in Austin’s coveted 78704. Offering a tenant-occupied 3-unit package (Units 111–113) within a 13-unit condominium community. Ideal for investors seeking immediate in-place cash flow and a long-term hold in a high-demand submarket. All three units are currently leased and marketed as a turnkey income package. Lease terms extend into 2026, providing stability and reduced vacancy risk. Condo characteristics and ownership concentration typical of small complexes may affect lending; buyer to perform lender due diligence. Cash preferred. Unit-level summary (buyer to verify): Unit 111: Annual tax $4,822.60 | HOA $352/mo | Rent $1,400/mo | Monthly charge $75/mo | Lease through 2/22/2026 Unit 112: Annual tax $4,822.60 | HOA $352/mo | Rent $1,350/mo | Monthly charge $100/mo | Lease through 9/16/2026 Unit 113: Annual tax $4,800.49 | HOA $345/mo | Rent $1,350/mo | Monthly charge $125/mo | Lease through 4/30/2026 Monthly charges are additional income and reflect shared services billed separately from base rent (water/wastewater/trash/pest; assessed per occupancy). Tenants pay electricity. Do not disturb tenants. Showings by appointment only. Prefer access after executed contract, with inspections coordinated to minimize tenant disruption. Other sale structures may be considered (10-unit bulk, smaller bundles, or individual units), subject to terms. No seller financing. All information deemed reliable but not guaranteed; buyer to verify HOA, taxes, leases, and all financials.

2005 Glen Allen St Unit 111, 112, 113, Austin