1302 E 2nd ST 1, Austin, TX 78702

$1,599,000 Asking Price

3 beds
4 baths
2,047  sqft
Built in 2023

This property offers a rare opportunity to own a premier home just blocks from Austin's highly sought-after Rainey Street District while also stepping into the operation of one of Austin’s top-performing short-term rentals (STRs). In 2024, this property boasted an impressive 84% occupancy rate and generated a remarkable $190,000 in gross revenue, with projections to exceed $220,000 in 2025. It has garnered over 60 Airbnb reviews with an outstanding 4.94/5-star average rating. The home is being sold completely turnkey, including approximately $75,000 worth of high-quality furniture and home goods purchased just a year ago. Additionally, it has already amassed over $50,000 in future bookings for 2025, ensuring a seamless transition for the new owner. Because of the proven income of this property, DSCR and/or IO loans (no income or credit required) are available. Notable features include a third-story loft, a dedicated office, a plunge pool, a deck, and a one-car garage currently utilized as a game room. Don’t miss out on this exceptional opportunity. Contact the listing agent for more information!

Features & Amenities

Interior

General:
Bar, Breakfast Bar, Ceiling Fan(s), Quartz Counters, Double Vanity, Multiple Living Areas, Open Floorplan, Recessed Lighting, Smart Thermostat, Walk-In Closet(s)
Appliances:
Bar Fridge, Dishwasher, Disposal, Gas Range, Microwave, RNGHD, Refrigerator, Stainless Steel Appliance(s), Vented Exhaust Fan, Tankless Water Heater
Laundry:
In Unit,Laundry Closet,Upper Level
Flooring:
Concrete, Tile, Wood
A/C:
Central Air
Heating:
Central
Fireplace:
Fireplaces: 0
Eco/Green Feature:
None, Appliances, Insulation, Lighting, Materials, Thermostat, Windows

Exterior

General:
Balcony, Private Yard, See Remarks
Other Structures:
Front Porch, Deck, Rear Porch, Side Porch, See Remarks, Covered
Pool:
Gunite, In Ground
Parking:
Attached, Garage, Off Street, Parking spaces: 2

Construction

Roofing:
Composition
Windows:
Double Pane Windows, Insulated Windows, Skylight(s), Vinyl Windows
General:
Three Or More, Slab

Location

HOA Amenities:
See Remarks, 0.0, Monthly
Originating MLS:
actris
School District:
Austin ISD
County:
Travis

Lot

Zoning:
UNIT 1 1302 EAST 2ND STREET CONDOMINIUMS 60%INT IN COMMON AREA, 02040635020000
View:
City Lights, Downtown, Neighborhood
Fencing:
Back Yard, Privacy, Wood

Utilities

Utilities:
Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Water:
Public
Sewer:
Public Sewer

Financial

Source:
actris

This listing courtesy of:
Compass RE Texas, LLC, Dylan Haines

About Austin, TX

Housing

Number of Units
523,644
Median Home Value
$435,027
Median Rent
$1,253

52.82% of housing units are renter occupied.

7.09% are vacant.

Commute

Car
53.46%
Public Transportation
1.78%
Walk to Work
1.73%
Work from Home
41.61%
Other
0.53%

The median travel time to work is 16 minutes.

People

Population
1,163,161
Median Age
35.90
Median Household Size
2.60

Education

High School
14.31%
Associate’s Degree
5.38%
Bachelor’s Degree
34.89%
Graduate Degree
21.08%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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