1202 E 29th ST Austin, TX 78722 New

UPDATED: 12/05/2025 10:01 AM ON MARKET: 1 days on market

$750,000

7 Beds4 Baths2,408 SqFt

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

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.