$1,000,000

Property Overview

This East Riverside property at 6205 Caddie Street presents a rare dual-residence opportunity in Austin's most dynamic neighborhood. Two entirely separate homes share one lot—a thoughtfully designed front unit with three bedrooms, 2.5 bathrooms, and a covered patio ideal for entertaining, plus a fully independent rear cottage offering two bedrooms and one bathroom with its own gated parking area. Built in 2021, both residences feature contemporary finishes including polished concrete floors, white cabinetry, and stainless steel appliances that speak to quality construction and attention to detail.

The property's flexibility makes it exceptionally valuable in today's market. Currently operating as a successful short-term rental, it generates consistent income while accommodating multi-generational living, guest houses, or separate rental units. Located minutes from downtown Austin and Lady Bird Lake, this East Riverside address benefits from the neighborhood's rapid transformation and improved transit access, positioning it at the forefront of Austin's urban evolution.

At $401 per square foot, this property commands a premium reflecting its dual-unit configuration, modern construction, and income-producing potential in one of Austin's most sought-after corridors. The five-bedroom, four-bathroom composition offers versatility rarely found in the current market.

Vox Real Estate Insight

From Vox Residential's perspective, properties like 6205 Caddie Street represent the sophisticated development strategy that's reshaping East Riverside—where investors and owner-occupants alike recognize the value of flexible living arrangements paired with strong rental fundamentals. The fact that this sold in just five days underscores buyer appetite for properties that deliver both lifestyle and financial upside in Austin's most transformative neighborhood.

Agent Description

Rare opportunity to own a versatile property just minutes from downtown Austin featuring two separate single-family residences on one lot. The front home offers 3 bedrooms and 2.5 bathrooms with a functional, open layout connecting the kitchen to the living area. Interior finishes include white cabinetry, polished concrete floors, and stainless steel appliances, creating a clean, modern feel. The front unit also features a fenced yard with a large covered patio at the rear—ideal for outdoor living and entertaining—along with a one-car garage. The second residence, located at the rear of the property, is a fully independent 2 bedroom, 1 bathroom home with its own private setting. It includes two covered parking spaces within a fenced and gated area, offering privacy and flexibility for occupants or guests. This property presents an excellent opportunity for an owner to have a single family residence plus guest house on the same property or buyers looking for a multi-generational living setup. Located in a prime Austin location near downtown, the property offers easy access to hike and bike trails, Colorado River Park, and major employers including Oracle. Dining, entertainment, and everyday conveniences are all nearby, making this an attractive option for both residents and guests.

Neighborhood: East Riverside

This property is located in East Riverside, Austin, TX. The area is known for Rapid Transformation, Affordable Urban Living, Lady Bird Lake Access, New Development, Transit Improvements.

At $401/sqft, this listing is priced 49% above the East Riverside median of $270/sqft.

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