0000 Rabb RD Austin, TX 78704 New

UPDATED: 12/10/2025 10:01 AM ON MARKET: 4 days on market

$2,500,000

7 Beds5.5 Baths4,589 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,589 sqft

Price per Sqft $544

Subdivision Avon Heights Sec 05

MLS Listing ID 6754778

Bedrooms 7

Full Baths 5

Half Baths 1

HOA Y/N No

Year Built 1963

Tax Year 2024

Lot Size 0.393 Acres

Acres 0.393

Property Sub-Type Single Family Residence

Source actris

Property Description

Income-Producing Compound Near Zilker Park

Incredible opportunity in one of Austin's most desirable neighborhoods! This income-producing property generates up to $9,000 per month and is perfectly positioned on a huge lot just blocks from Zilker Park, Barton Springs, and the Barton Creek Greenbelt. Zoned SF-3 and falling under the new City of Austin HOME Phase 2 zoning regulations for 1,800 sqft lots with the potential of 9 lots (Buyer to verify), this versatile property offers both strong current income and exciting future potential.

The property includes an updated two-story main home with 4 bedrooms, 2.5 baths, and a private fenced backyard and patio. Behind the main home is a three-unit apartment building featuring a downstairs studio, downstairs 1-bedroom, and upstairs 1-bedroom apartment.

Enjoy great outdoor living, a highly walkable A+ location, and a friendly neighborhood vibe just steps from the best dining, shopping, and entertainment on Barton Springs Road and South Lamar. Whether you're seeking a high-performing rental compound, multi-generational living, or a rare redevelopment opportunity, this property delivers it all in the heart of Austin's most iconic district.