Description
Dual-Dwelling Turnkey STR Investment with Downtown Views. A rare income-producing compound in one of Austin's most sought-after neighborhoods, offering two fully distinct dwellings on a single lot, each with its own character, each delivering serious returns.At the street, a beautifully remodeled 1930s bungalow (1 bed / 1 bath) fronts E. 8th Street with original architectural details and thoughtfully updated finishes quintessential Austin charm preserved and polished. Behind it, a newly constructed contemporary home (5 bed / 3.5 bath) spans three levels with floor-to-ceiling windows, sleek designer finishes, and alley access for complete privacy. The two structures are connected by a stunning tiered terrace and private pool with stylish outdoor lounge areas, anchored by a newly built pool cabana that has quickly become a guest favorite extending outdoor enjoyment and adding yet another dimension to the property's appeal.The dual-dwelling layout unlocks flexible rental configurations: book the entire property for large groups, or operate the units independently to maximize occupancy. The result is $250,000+ in verified annual STR revenue, with revenue documentation available upon request.Sold fully turnkey: all furnishings and accessories included. Everything is in place to perform from day one.The location is a major draw for guests. Celebrated restaurants are steps away, including Bread Boat, Space Cowboy, and CAMPO. Coffee is well-covered, with Figure 8, Klerje Coffee and Idlewild all within easy reach. College Row Park is just around the corner and Radius Butcher & Grocery, a beloved local market with farm-direct meats and prepared foods is practically next door on E. 7th Street. The property earns a Walk Score of 89, making it easy for guests to explore the best of East Austin without ever needing a car. Downtown Austin is just short Uber away,An exceptional opportunity to acquire a proven, high-performing asset.
Details
| MLS # | 1893924 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2023 |
| Days On Site | 102 |
| Listing Provided By | Compass RE Texas, LLC | Mike Mogavero |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 3,500 |
| Garage | 1 |
| Pool | Yes |
| Acreage | 0.13 |
| Water Front | Yes |
| Property View | City, Downtown, Pool |
Interior
| Interior Features | Smart Thermostat |
|---|---|
| Cooling | Central Air |
| Heating | Central |
| Appliances | ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Freezer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Water Heater |
| Fireplaces Total | 0 |
| Window Features | Double Pane Windows |
| Flooring | Tile, Wood |
Exterior
| Exterior Features | Balcony, Private Yard |
|---|---|
| Roof | Metal |
| Foundation Details | Pillar/Post/Pier, Slab |
| Lot Features | Alley, Front Yard, Gentle Sloping, Views |
| Patio And Porch Features | Awning(s), Deck, Wrap Around |
| Fencing | Wood |
| Construction Materials | Concrete, Wood Siding |
| Security Features | Fire Alarm |
Parking
| Parking Features | Additional Parking, Alley Access, Asphalt, Attached |
|---|---|
| Garage Spaces | 1 |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Other
| List Aor | Austin Board Of Realtors |
|---|
Taxes
| Property | 25478 |
|---|
Area Information
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78702 |
| Area | 5 |
| Community Name | Grandview Place |
| School District | Austin ISD |
| Elementary School | Blackshear |
| High School | Eastside Early College |
| Listing VS Median (in Grandview Place) | |
Price: $1,995,000 low | high Med: $425,000 sqft: 3,500 low | high Med: 528 $ / sqft: $570 low | high Med: $805 On site: 102 low | high Med: 158 | |
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 25, 2026 at 1:27:03 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Learn More About This Property
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78702 |
| Area | 5 |
| Community Name | Grandview Place |
| School District | Austin ISD |
| Elementary School | Blackshear |
| High School | Eastside Early College |
| Listing VS Median (in Grandview Place) | |
Price: $1,995,000 low | high Med: $425,000 sqft: 3,500 low | high Med: 528 $ / sqft: $570 low | high Med: $805 On site: 102 low | high Med: 158 | |
 | $14,0002005 E 8th St #aAustin, TX 78702 |
 | $2,250,0002005 E 8th St #1Austin, TX 78702 |