Active Under Contract Multi-Family MLS# ACT3442327

505 Kemp St

Austin, TX 78741

$999,800

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About 505 Kemp St

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 details

Property

Type
Duplex
MLS type
Residential Income
Status
Active Under Contract
Year built
2020
Stories
Two
Living area
3,664 sqft
Price / sqft
$273
Lot
0.1297 AC / 5,649 SF
Original price
$999,800
MLS #
3442327

Interior

Features
Breakfast Bar, Ceiling Fan(s), Ceiling-High, Quartz Counters, Eat-in Kitchen, Interior Steps, Kitchen Island, Open Floorplan, Primary Bedroom on Main, Recessed Lighting, Walk-In Closet(s)
Appliances
Dishwasher, Disposal, Microwave, Gas Oven, Free-Standing Gas Range, Stainless Steel Appliance(s)
Flooring
Carpet, Tile, Wood
Heating
Central
Cooling
Ceiling Fan(s), Central Air
Laundry
Inside,Lower Level

Exterior & lot

Features
Private Yard
Roof
Composition
Foundation
Slab
Lot
Back Yard, Curbs, Front Yard, Private, Xeriscape
Patio & porch
Covered, Rear Porch
Fence
Back Yard, Fenced, Gate, Privacy, Wood
Parking
Additional Parking, Attached, Door-Single, Driveway, Garage, Garage Faces Front, Inside Entrance, Kitchen Level
Garage spaces
2

Schools

District
Austin ISD
Elementary
Allison
Middle
Lively
High
Eastside Early College

Utilities

Utilities
Electricity Available, High Speed Internet, Natural Gas Available, Sewer Available, Water Available
Water
Public
Sewer
Public Sewer
Security
Carbon Monoxide Detector(s), Smoke Detector(s)

Financial

Annual tax
$23,015
Tax year
2026
Parcel
03041609020000&03041609030000
Legal
UNT A & B 505 KEMP CONDOMINIUMS PLUS 50.0 % INT IN COM AREA
Special conditions
Standard

Location

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.

Location

Neighborhood
Montopolis

Ask about this property

Questions on 505 Kemp St, or want to see it in person?

Listed by Yusuf Johnson, eXp Realty, LLC

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.