805 28 1/2 ST, Austin TX 78705

Set on a corner lot in the heart of West Campus, this charming property pairs classic Craftsman character with established rental income and five dedicated off-street parking spaces, a rare combination this close to the University of Texas. A covered front porch welcomes you to the main home where warm hardwood floors, a decorative fireplace and a spacious kitchen create an inviting sense of home. Two full bathrooms and a flexible layout feature four large bedrooms or three bedrooms plus a second living or flex space. The home has +/-1,604 sq. ft. per TCAD and is leased for $4,800 per month through July 31, 2027. Positioned behind the main house, Unit B offers a 652-square-foot (also per TCAD), one-bedroom, one-bath loft-style apartment and is leased for $1,200 per month through April 30, 2027. Together, the residences generate $6,000 in current monthly gross scheduled rent. Five dedicated parking spaces provide one for each bedroom which is a standout convenience near campus. Truly, a car isn’t needed though as the University of Texas, the Drag, restaurants, shopping, coffee shops, and entertainment are all within a short walk, bike, or scooter ride. Proximity to UT supports the property’s rental appeal with a history of pre-leasing well in advance. As West Campus evolves with development and new construction, this property offers the character and space of a stand-alone home alongside opportunities to explore its longer-term potential. For example, Austin’s HOME initiative may provide a path to add a third dwelling unit, potentially generating even more income. Whether retaining the existing residences or exploring future development options, bring your vision to this property where a compelling next chapter is ready to be explored. Buyer to independently verify development feasibility to their satisfaction.