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.
Active
Price cut: $300K (1/30)
$2,200,000
0 Rabb Rd, Austin, TX 78704
7beds
4,589sqft
Est.:
Single Family Residence
Built in 1963
0.39 Acres Lot
$-- Zestimate®
$479/sqft
$-- HOA
What's special
Huge lotGreat outdoor livingUpdated two-story main home
- 55 days |
- 505 |
- 8 |
Zillow last checked: 8 hours ago
Listing updated: January 30, 2026 at 12:04pm
Listed by:
Dave Murray (512) 751-6060,
Keller Williams Realty (512) 448-4111
Source: Unlock MLS,MLS#: 6754778
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
- Main level bedrooms: 2
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Built-In Oven(s), Electric Cooktop, Dishwasher, Disposal, Microwave, Double Oven
Features
- See Remarks, Ceiling Fan(s), Entrance Foyer, Multiple Dining Areas, Multiple Living Areas, Storage, Walk-In Closet(s), Washer Hookup
- Flooring: Carpet, Laminate, Tile
- Windows: Blinds
- Fireplace features: None
Interior area
- Total interior livable area: 4,589 sqft
Video & virtual tour
Property
Parking
- Parking features: Off Street, Open
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: See Remarks, Deck, Front Porch, Patio
- Exterior features: Balcony, See Remarks
- Pool features: None
- Fencing: Chain Link, Fenced, Wood
- Has view: Yes
- View description: City
- Waterfront features: None
Lot
- Size: 0.39 Acres
- Features: Irregular Lot, Public Maintained Road, Trees-Large (Over 40 Ft)
Details
- Additional structures: Workshop
- Parcel number: 0000RabbRd
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Phone Connected
Community & HOA
Community
- Features: None
- Subdivision: Avon Heights Sec 05
HOA
- Has HOA: No
Location
- Region: Austin
Financial & listing details
- Price per square foot: $479/sqft
- Date on market: 12/9/2025
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/30/2026 | Price change | $2,200,000-12%$479/sqft |
Source:  Unlock MLS #6754778 Report a problem | ||
| 12/9/2025 | Listed for sale | $2,500,000$545/sqft |
Source: Unlock MLS #8627445 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$11,978/mo
Principal & interest
$8531
Property taxes
$2677
Home insurance
$770
Climate risks
Neighborhood: Zilker
Nearby schools
GreatSchools rating
- 9/10Zilker Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 6/10O Henry Middle SchoolGrades: 6-8Distance: 2.3 mi
- 7/10Austin High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Zilker
- Middle: O Henry
- High: Austin
- District: Austin ISD
Source: Unlock MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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