$900,000

Property Overview

This corner lot on Spence Street presents a rare urban infill opportunity in Downtown Austin's most vibrant neighborhood. The property features two existing structures totaling approximately 1,850 square feet of developed space, plus substantial room for expansion on the front house and potential for a third unit, making it ideal for investors or multi-generational living arrangements. The back unit offers 1,150 square feet with a closed-in garage and terrace, while the front house provides 701 square feet with excellent development potential. Positioned 18 percent below the area median price per square foot, this offering delivers significant value in one of Austin's most walkable cores.

The location captures the essence of Downtown living, steps away from the Rainey Street District's restaurants and bars, 6th Street entertainment, and direct access to Lady Bird Lake's 10-mile trail system. Residents enjoy proximity to UT Stadium, Congress Avenue's dining scene, and Austin's government and business districts. With alley access and a generous 6,272-square-foot lot, this property combines the lifestyle appeal of central Austin with the practical flexibility of multi-unit development, allowing owners to live on-site while generating additional income.

Vox Real Estate Insight

The Vox Residential team recognizes this as a smart development play for buyers seeking both immediate lifestyle and future appreciation in Austin's hottest core neighborhood. After 235 days on market, the pricing has reached a compelling entry point for serious investors or owner-occupants willing to see beyond the current configuration.

Agent Description

TWO houses on one large corner lot with with alley access, and space to add on to the front house plus build a 3rd unit. Front house approximately 701sqft. Back unit approximately 1150 plus closed in garage and terrace another approximately 400sqft. All in the immediate area of Austin's Business District and Entertainment District of Rainey District,6th st, West 6th, SOCO, ALL of UT Stadium's, Franklin BBQ, East Cesar District, Historical Rosewood, 10 mile jogging trail at Lady Bird Lake, famous Bass fishing at lady Bird Lake, ALL of The Longhorns stadium's, Moody Center, and of course all of our State Govt buildings near our State Of Texas Capitol. My wife and I have enjoyed this location for 26yrs. Living here has kept us looking and feeling young. To live here, it's truly a Lifestyle one can feel as if you're on vacation Thursday-Sunday. It's the true meaning of Staycation. We both share one car living near all the fun. We've said it many times, we don't need a car here. I take short Uber rides everywhere in 78701 and 78702 or simply walk to business or fun. Our front unit is an active and very successful Airbnb, it's in the top 5% of all Airbnb. I will pass my successful platform to you and I can stay on as an Airbnb Coach for 30 days. The back unit, is where we stay. Come here and reverse your age. Or make it a safe investment on Airbnb. Front house is all original but updated as a 2bed 2 full baths. The backhouse is 2beds 2 full baths & 1/2 bath with an Entertaining terrace on the 3rd level. I can send links to you, with photos posted on Airbnb

Neighborhood: Downtown Austin

This property is located in Downtown Austin, Austin, TX. The area is known for 6th Street Entertainment, Lady Bird Lake, Congress Avenue, High-Rise Living, Walkable Urban Core.

At $587/sqft, this listing is priced 18% below the Downtown Austin median of $715/sqft.

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