505 KEMP STREET, AUSTIN, TX 78741
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Homes for sale in 78741.
List Price$999,800
505 Kemp Street
Austin, TX 78741
Listing #3442327
3,664
Square Feet
2
Number of Units
Multi-Unit Residential
Type
About This Property
This contemporary duplex is sitting in one of those East Austin pockets that makes a lot of sense from both a lifestyle and investment standpoint. Set on Kemp Street in Montopolis, the location gives you that rare mix of city access and outdoor space, with Roy G. Guerrero Park right across the street for trails, disc golf, ball fields, river access, and Secret Beach. You can bike into the downtown hike-and-bike trail system or connect to Little Walnut Creek Trail for miles of exploring, all right from your front door. Even with all that green space nearby, you are still close to the good stuff. Downtown is about 5 minutes away via E Cesar Chavez, E 5th, or E 7th, the airport is about 4 minutes away, and you have easy access to 183, 290, and I-35. East Riverside, Lady Bird Lake, restaurants, breweries, etc. are all nearby, keeping the location incredibly convenient for tenants, owner-occupants, or anyone looking for a smart long-term hold in a growing East Austin pocket. Both units are identical, giving the property a clean, straightforward setup for leasing, house hacking, or holding long term. The property is currently vacant, offering immediate flexibility for the next owner to place tenants, set lease terms, explore owner-occupancy, or evaluate short-term and mid-term rental potential. Even better, each unit has a history of long-term rental use at $3,200 per month, creating potential monthly rental income of $6,400 for both units combined. Each unit offers 3 BD, 2.5 BA, a bonus loft area, an attached garage, and an open, flexible floorplan with modern finishes throughout. Each also includes a covered patio and fenced yard space, adding a private outdoor spot that brings real value for future tenants. Modern, clean, vacant, and incredibly well-positioned, this duplex brings the lifestyle appeal renters want and the long-game potential investors are looking for. Buyer to verify all info, including rental income, short-term rental use, permitting, and restrictions.
Property Features
Location Information
County
Travis
Subdivision
Montopolis
County
Travis
Directions
From downtown head south in I-35. Take Hwy 71 E to 183 N. Turn left onto Montopolis Dr. Turn right onto Walker Ln. Turn right onto Kemp St. Property will be on the right.
Area
9
Interior Features
Interior
Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, High Ceilings, Interior Steps, Kitchen Island, Main Level Primary, Open Floorplan, Quartz Counters, Recessed Lighting, Walk-In Closet(s)
Laundry
Inside, Lower Level, Washer Hookup, Electric Dryer Hookup
Primary Bedroom On Main
Yes
Disabled Features
None
Number of Fireplaces
0
Appliances
Dishwasher, Free-Standing Gas Range, Disposal, Gas Oven, Microwave, Stainless Steel Appliance(s)
Heating
Central
Total Number of Units
2
Floors
Carpet, Tile, Wood
Accessibility
None
Exterior Features
Style
Board & Batten Siding, HardiPlank Type
Parking Description
Additional Parking, Attached, Door-Single, Driveway, Garage Faces Front, Garage, Inside Entrance, Kitchen Level
Stories
2
Garage Spaces
2
Is New Construction
No
Fencing
Back Yard, Fenced, Gate, Privacy, Wood
Construction/Exterior
Board & Batten Siding, HardiPlank Type
Lot Size in Acres
0.13
Exterior
Private Yard
Waterfront Description
None
Foundation
Slab
Has Waterfront
No
Water / Sewer
Public Sewer
Has View
No
Water
Public
View
None
School
Elementary School District
Austin ISD
Middle School
Lively
Elementary School
Allison
High School
Eastside Early College
Additional Information
Roof/Attic
Composition
Status
Active
Other Utilities
Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Sewer Available, See Remarks, Water Avai
HOA Includes
Common Area Maintenance
Property Type
RI
Pets
Negotiable
Property SubType
Duplex
Documents Available
None
Year Built
2020
Square Feet Source
Public Records
APN
03041609020000&0304160903
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Mortgage Calculator
$4,668
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,602
Monthly Tax
$833
Monthly Insurance
$233
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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