Incredible opportunity to own a unique property near downtown Austin featuring two fully equipped and beautifully maintained homes on one spacious 8,000 sqft lot zoned SF3/duplex. The main home offers 2 bedrooms and 1 bathroom with tall ceilings, a spacious living area, and a generous kitchen, while the second home is a full 1 bedroom, 1 bathroom guest house, perfect for rental income, guests, or extended family. Both homes are in excellent condition and offer great flexibility for either owner-occupants looking to live in one and rent the other, or investors seeking to lease both. The location provides unbeatable proximity to downtown, Lady Bird Lake, and all the best of Austin living, while the zoning allows for future development potential, including the option to scrape and build up to three new units with potential for expansive views of the downtown skyline and lake. Whether you're looking for a move-in-ready home with income potential, a buy-and-hold investment, or a rare development opportunity in a prime location, this property delivers exceptional value and versatility.
Listed by Adam Cormany
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License #736773
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Compass RE Texas, LLC
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512-820-7434
Last updated August 21, 2025
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Source: ACTRIS #7191585
Listing Facts
TypeMulti-family
NeighborhoodRiverside
Days on Prevu18
Taxes$9,347.13/year
Size1,767 sqft
Price per sqft$384
Amenities
Dishwasher
Private Outdoor Space
Air Conditioning
Parking
Swimming Pool
Location
Mortgage Calculator
Listing History
08/21/2025
Price Decreased
$679,000
08/21/2025
Listed by Compass RE Texas, LLC
$690,000
Property Details for 1202 Loma #A & B DR
Exterior
Construction
Property Condition: Resale
Roof: Shingle
Window Features: See Remarks
Year Built: 1953
Construction Materials: Frame
Exterior Features: Garden, Private Yard
Features
Direction Faces: SW
Fencing: Fenced, Front Yard, Wood
Other Structures: See Remarks
Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch
View: City, Downtown, Garden, Lake, Neighborhood
Measurements
Lot Features: City Lot, Few Trees, Front Yard, Garden, Gentle Sloping, Native Plants, Views
Lot Size Acres: 0.18
Lot Size Area: 0
Lot Size Dimensions: 60,136
Lot Size Square Feet: 8,110
Financial
Taxes
Parcel Number: 1202 Loma #A & B Dr
Tax Annual Amount: $9,347.13
Tax Assessed Value: $514,048.00
Tax Year: 2025
Interior
Features
Appliances: Dishwasher, Disposal, Gas Range, Microwave, Gas Oven, Range, Refrigerator, Washer/Dryer, Gas Water Heater
Utilities: See Remarks, Electricity Available, Electricity Connected, Natural Gas Connected, Phone Available, Water Connected
Water Source: Public
Based on information from ACTRIS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
