13355 Water Oak LN, Austin, TX 78729

• 2,018 sqft

Property Description

Strategic duplex investment - live for less while building wealth in NW Austin. Rare opportunity to own a cash-flowing duplex backing to greenbelt, providing privacy, nature access, and long-term value appreciation in NW Austin’s proven rental market. This property is perfectly positioned for the savvy investor seeking immediate rental income with owner-occupant financing advantages. One side is leased to a long-term tenant at market rate (9 years), while the other side is vacant and move-in ready — perfect for an owner-occupant looking to offset a large portion of their mortgage with rental income. This is house-hacking at its finest. Live in one unit while your tenant covers part of your mortgage payment. Take advantage of lower interest rates, lower down payment options, and easier qualification with an owner-occupied loan while building equity and gaining the full benefit of future market appreciation on the entire property — even while only paying a portion of the mortgage yourself. Both units offer 2 bedrooms, 2 baths, spacious living areas with cozy fireplaces, convenient hard tile flooring throughout no carpet, 1-car garages, and private fenced backyards backing to a small creek and wooded greenbelt. Zoned to highly rated Round Rock ISD schools and just two blocks from the scenic Lake Creek hike and bike trail. Located in Austin's tech corridor with quick access to Parmer Ln, Hwy 183, SH 45, the MetroRail, and major employers like Apple, eBay, Electronic Arts, Dell Children's, and Texas Children's Hospitals. Plus, you're just minutes from shopping, dining, and entertainment - including Austin's second downtown, The Domain.

Listing Status:

Active

Data Last Updated:

May 21, 2026 at 2:18AM

Listing Office:

Keller Williams Realty : 512-576-1504

Listing Agent:

Laurie Flood : (512) 758-6698

MLS ID:

4650251

Interior

• General: Ceiling Fan(s)No Interior StepsPantryPrimary Bedroom on MainWalk-In Closet(s)
• Rooms: Primary BedroomBedroomPrimary BathroomBathroomKitchenDining RoomLiving Room
• Appliances: DishwasherElectric RangeMicrowaveRefrigeratorElectric Water Heater
• Laundry: In Garage
• Flooring: No CarpetTile
• A/C: Central AirElectric
• Heating: CentralElectric
• Fireplace: Wood BurningFireplaces: 2
• Eco/Green Feature: NoneNone

Exterior

• General: Gutters Full
• Other Structures: Shed(s)Patio
• Parking: AttachedDrivewayGarageGarage Faces FrontSide By SideParking spaces: 4

Construction

• Roofing: Composition
• Windows: BlindsWindow Treatments
• General: OneSlab

Location

• HOA Amenities: Cluster MailboxCurbsTrail(s)
• Originating MLS: actris
• School District: Round Rock ISD
• County: Williamson

Lot

• Zoning: CLEAR CREEK ADDITIONBLOCK ALOT 19163613000A0019
• View: None
• Fencing: Back YardWood

Utilities

• Utilities: Electricity ConnectedSewer ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: actris