$700,000

Property Overview

This corner-lot property on Kay Street in East Austin presents a rare multi-income opportunity within the sought-after 78702 zip code. The main residence features three bedrooms, two baths, and 2,006 square feet of updated living space, including granite countertops and stainless steel appliances throughout the kitchen. Beyond the primary home lies an independent one-bedroom apartment with its own entrance, full kitchen, and living areas—structurally connected yet functionally separate, offering flexibility for multi-generational living or rental income potential.

The property's versatility extends to the expansive 7,535-square-foot lot, which accommodates a vintage Avion trailer equipped with electricity, kitchenette, and bathroom, plus two detached storage structures. This combination of connected and independent spaces creates natural options for homeowners seeking creative housing solutions, guest accommodations, or supplemental revenue streams. Built in 1955 and priced at $349 per square foot, this East Austin gem sits notably below comparable properties while delivering the kind of adaptable infrastructure that modern Austin buyers increasingly value.

Vox Real Estate Insight

The 02 neighborhood continues to attract savvy investors and multi-generational families who recognize that true value in East Austin now includes structural flexibility and income-producing potential. At Vox Real Estate, we're seeing properties like this move quickly because they solve real housing challenges rather than simply offering square footage.

Agent Description

East Austin Unicorn Listing in the Heart of the 02! More than a home, this property comes with possibility! Set on a generous corner lot, this East Austin property delivers the kind of flexibility that's becoming harder to find. Whether you're bringing generations together under one roof, creating space for long-term guests, or offsetting your mortgage with rental income, this property opens the door to possibilities. The main home offers three bedrooms, a full bath, an updated kitchen with granite countertops and stainless steel appliances, plus two comfortable living areas. Upstairs you will find a one-bedroom apartment with its own private entrance, kitchen, living room, bedroom, and full bath, making it feel like an entirely separate residence. A door between the apartment and main house provides the ultimate in flexibility. The backyard keeps the versatility going with a vintage Avion trailer complete with electricity, a kitchenette, and a bathroom. Two detached sheds are also included, providing you with space for creative projects, storage, or workshop space. Fresh interior and exterior paint, updated windows, roof, HVAC and updated fixtures throughout mean the major updates are already behind you. The 7,536-square-foot SF-3 zoned lot offers even more upside with room to explore a future ADU or additional improvements (buyer to verify). And when you're not taking advantage of all that flexibility at home, you're living in one of Austin's most beloved neighborhoods. Walk, bike, or scoot to neighborhood coffee shops, breweries, restaurants, live music, and local favorites. Downtown is just two miles away, but the East Side's creative energy, community feel, and unmistakable Austin character are right outside your front door. There’s also a greenspace right across Tillery with walking trails for when you need to get some fresh air. Rarely does a property offer this much adaptability in one of Austin's most sought-after areas. Schedule your tour today!

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