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1202 E 29th St, Austin, TX

House

For Sale

Listed price in listed location currency (USD).
$750,000

740

MLS® 5947016

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 2408 sqft
Garage No
Taxes $16,633
Days Active 9
Lot Size 0.1802 acres
Approx. Age 1984
Avg. Price Per Sqft $311
MLS® Number 5947016

Property Address: 1202 E 29th St, Austin, TX, 78722-2308

Average square foot calculated using Size range provided by listing agent.

Description

NEW INVESTOR SPECIAL — Two Homes, One Price in East Austin! 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.
MLS® Number5947016
Laundry LevelInside, Laundry Closet
Central VacNo
FireplaceNo
Acreage0.1802
Exterior
GarageNo
Approx. Age1984
Basement
DrivewayCommon
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 4, 2025List Date
$750,000List Price
-End Date
Not Sold YetSold Price

For Rent

Dec 4, 2025List Date
$7,000List Price
  • Commute

Commute

Starting Address
Destination Address
1202 E 29 Th St, Austin, TX

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