Description
Income-Producing Compound Near Zilker Park Incredible opportunity in one of Austin’s most desirable neighborhoods! This income-producing property generates up to $9,000 per month and is perfectly positioned on a huge lot just blocks from Zilker Park, Barton Springs, and the Barton Creek Greenbelt. Zoned SF-3 and falling under the new City of Austin HOME Phase 2 zoning regulations for 1,800 sqft lots with the potential of 9 lots (Buyer to verify), this versatile property offers both strong current income and exciting future potential. The property includes an updated two-story main home with 4 bedrooms, 2.5 baths, and a private fenced backyard and patio. Behind the main home is a three-unit apartment building featuring a downstairs studio, downstairs 1-bedroom, and upstairs 1-bedroom apartment. Enjoy great outdoor living, a highly walkable A+ location, and a friendly neighborhood vibe just steps from the best dining, shopping, and entertainment on Barton Springs Road and South Lamar. Whether you’re seeking a high-performing rental compound, multi-generational living, or a rare redevelopment opportunity, this property delivers it all in the heart of Austin’s most iconic district.
Property Details
| Status | Active |
| MLS # | ACT213770708 |
| Type | Commercial Sale |
| Year Built | 1963 |
| Living Area | 4,589 Sq. Ft. |
| Lot Size | 0.39 AC / 17,119 SF |
| County | Travis |
| Subdivision | Avon Heights Sec 05 |
Property Information
Parking
Utilities & Construction
Directions: Mopac, exit Barton Springs head east; Right on Azie Morton, Right on Rabb Road.
Location
Property History
| Date | Event | Price |
|---|---|---|
| Feb 15, 2026 | Listed (Active) · MLS# ACT213770708 | $2,200,000 |
| — | Original List Price | $2,500,000 |
Full transaction history may not be available. Data sourced from ACTRIS MLS.
Public Records
| Total Sq. Ft. | 4,589 |
| Lot Size | 17,119 Sq. Ft. |
| Style | Commercial Sale |
| County | TRAVIS |
| MLS # | ACT213770708 |
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Payment Estimate
For illustrative purposes only. Contact a lender for accurate figures.