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Property Description

Tucked away on a quiet, tree-lined street in the heart of East Austin's rapidly growing Riverside Corridor, 913 Valdez Units A & B present an attractive entry point for an investor or small developer seeking both immediate income and future upside. This unique property features two detached residences with no shared walls and no HOA, offering flexibility in use and exit strategies. The property includes an income-producing unit already in place (Unit B), a well-appointed 2-bedroom, 2-bath residence currently leased to a reliable tenant at $2,400/month, delivering immediate and consistent cash flow. The tenant has expressed interest in renewing, providing stability from day one. Unit A offers value-add potential and flexibility, featuring 3 bedrooms and 2.5 baths with an open-concept layout designed for modern living. The spacious kitchen flows seamlessly into the main living area, while the upstairs primary suite includes a walk-in shower and private balcony. Built with energy efficiency in mind, the home includes spray-in foam insulation and a tankless gas water heater--features that appeal to both end users and renters alike. Ideal for multiple strategies, investors can continue leasing both units, live in Unit A while maintaining rental income from Unit B, or explore short-term rental opportunities. The configuration and zoning provide optionality that is increasingly rare in this submarket. Located just 7-10 minutes from Downtown Austin and Austin-Bergstrom International Airport, with easy access to I-35, Hwy 183, and Hwy 71, the property sits near major employment hubs including Tesla and Oracle. Additionally, it is positioned near the transformative 109-acre River Park mixed-use development at East Riverside and Pleasant Valley, further supporting long-term appreciation potential.

Overview

Property Status
For Sale
Lot Size
5,906.74 Sq.Ft.
MLS ID
3381726
Property Type
Residential
Year Built
2020

Features & Amenities

Neighborhood
Austin
Water Frontage
None
View Description
None
Stories
2
Water Source
Public
Utilities
Electricity Connected, Sewer Connected, Water Connected
Pool
None
Roof
Composition
Lot Features
Level, Trees-Small (Under 20 Ft)
Parking
Carport
Heat Type
Central
Air Conditioning
Central Air
Fireplace
None
Appliances
Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Microwave, Free-Standing Range, Stainless Steel Appliance(s), Tankless Water Heater, Gas Water Heater
Other Interior Features
2 Primary Suites, High Ceilings, Interior Steps, Recessed Lighting, Walk-In Closet(s)
Sewer
Public Sewer
Substructure
Slab
Disability Features
None
Other Exterior Features
Private Yard
Elementary School
Allison
Middle School
Martin
High School
Eastside Early College
School District
Austin ISD
Sales Price
$799,000
Real Estate Tax
$13,567/yr

Downloads

913 Valdez ST # B Unit: A & B

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

Thank you

for your interest in 913 Valdez ST, Austin, TX 78741

913 Valdez ST # B Unit: A & B
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913 Valdez ST # B Unit: A & B

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