$500,000

1303 Walnut Ave, Austin, TX 78702

2 beds |
1 bath |
734 sqft

Single-Family Home
Built in 1951
6,003sqft lot
—— car garage
$681/sqft
Listed 9 days ago

Property Description

Charming 1950s Bungalow with Endless Potential – Prime Austin Location! Discover this delightful home nestled on a spacious 6,000 sq ft lot (not shared) in the heart of vibrant East Austin. Surrounded by three brand-new modern homes, this property is a rare gem with incredible investment potential. **Key Features: Original Hardwood Floors, Baseboards and Interior Doors, Penny Kitchen Floor, Timeless character throughout. **Recent Updates: New roof, gas stove, and fresh paint. **Prime Lot: Large, private 6,000 sq ft lot offers room to expand or build. **Development Potential: Live in the existing home and construct an additional dwelling unit (ADU) in the back. A multi-story rebuild/addition on street side could unlock stunning downtown views! (buyer to verify). **Unbeatable Location: Near restaurants, bars, MLK Train Station, UT Austin, Boggy Creek, and scenic trails. Whether you’re an investor, developer, or future homeowner looking for a cozy residence with room to grow, this property offers endless possibilities. Don’t miss this chance to own a piece of Austin’s real estate market! **Schedule a Showing Today!**

Listing Status:: Active
Data Last Updated:: February 15, 2026 at 7:17AM
Listing Office:: My Castle Realty : (713) 683-0054
Listing Agent:: Polly Richards : (281) 460-4539
MLS ID:: 2527943

General: See RemarksNo Interior StepsStorage
Appliances: Gas RangeRefrigerator
Laundry: Lower Level
Flooring: StoneWood
A/C: Wall/Window Unit(s)
Heating: Wall Furnace
Fireplace: Fireplaces: 0
Eco/Green Feature: NoneNone

General: Exterior StepsRain GuttersPrivate Yard
Other Structures: Front PorchDeckRear PorchPatio
Pool: None
Parking: DrivewayParking spaces: 1

Roofing: Shingle
Windows: DrapesVinyl Windows
General: OnePillar/Post/Pier

HOA Amenities: Trail(s)
Originating MLS: actris
School District: Austin ISD
County: Travis

Zoning: LOT B OLT 30 DIV B BERGSTROM ADDN02101201150000
View: See RemarksNeighborhood
Fencing: Back YardFullWood

Utilities: Electricity ConnectedHigh Speed InternetNatural Gas ConnectedSewer ConnectedWater Connected
Water: Public
Sewer: Public Sewer

Source: actris

This listing courtesy of Polly Richards , My Castle Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Campbell Elementary School

2613 Rogers Ave, Austin, TX, 78722

Grades PK-5

0.44 miles away

Kealing Middle School

1607 Pennsylvania Ave, Austin, TX, 78702

Grades 6-8

0.66 miles away

Garza Independence High School

1600 Chicon St, Austin, TX, 78702

Grades 10-12

0.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.