1202 E 29th ST Austin, TX 78722
7 Beds
4 Baths
2,408 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,408 sqft
Price per Sqft $311
Subdivision Dancy Add
MLS Listing ID 5947016
Bedrooms 7
Full Baths 4
HOA Y/N No
Year Built 1984
Annual Tax Amount $16,632
Tax Year 2025
Lot Size 7,849 Sqft
Acres 0.1802
Property Sub-Type Single Family Residence
Source actris
Property Description
Offered at $750,000, this cash-flowing attached duplex provides a rare opportunity in Central Austin, with the option to purchase each home separately. Investors have already taken notice of this one.
This property features two fully separate homes located in East Austin's desirable 78722 zip code. Tenants are responsible for all utilities and lawn care. Pro-forma NOI is projected at $57,150 per year with a cap rate of 7.62%. Estimated cash flow is approximately $1,068 per month with 20% down at a 6.25% rate, and the DSCR is 1.29, making it an easy qualifier.
Buy the entire property for $750,000 or choose to purchase each home individually.
Side A offers 1,354 square feet and is priced at $500,000.
Side B offers 1,054 square feet and is priced at $350,000.
This layout accommodates a wide range of strategies including long-term rentals, mid-term rentals, short-term rentals, house-hacking, owner-occupant income opportunities, 1031 exchanges, DSCR financing investors, and developers seeking flexible configurations.
This is a rare chance to own two income-producing homes on one lot in one of Austin's most sought-after neighborhoods. Properties like this seldom hit the market, and when they do, they move quickly. Our last listing in this area sold in three days with multiple offers.
Location
State TX
County Travis
Rooms
Main Level Bedrooms 6
Interior
Interior Features Two Primary Suties, Built-in Features, Ceiling Fan(s), High Speed Internet, Multiple Dining Areas, Multiple Living Areas, Primary Bedroom on Main, Recessed Lighting
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Wood
Fireplace No
Appliance Dishwasher, Gas Range, Microwave
Exterior
Exterior Feature Private Yard
Fence Fenced, Wood
Pool None
Community Features Curbs, Sidewalks
Utilities Available Above Ground, Electricity Available, Natural Gas Connected
Waterfront Description None
View Neighborhood
Roof Type Composition
Porch Covered, Front Porch
Total Parking Spaces 3
Private Pool No
Building
Lot Description Back Yard, Corner Lot, Trees-Large (Over 40 Ft)
Faces East
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Wood Siding
New Construction No
Schools
Elementary Schools Maplewood
Middle Schools Kealing
High Schools Mccallum
School District Austin Isd
Others
Special Listing Condition Standard
Virtual Tour https://realestate.austin360photography.com/sites/1202-e-29th-st-a-b-austin-tx-78722-20796181/branded