000 Rabb RD, Austin TX 78704

Austin, TX 78704 | Avon Heights

$2,200,000 ▼ $300,000 (12%)
0 Beds
Baths
0.393 Acres

About This Property

Income-Producing Compound Near Zilker Park

Incredible opportunity in one of Austin’s most desirable neighborhoods! This income-producing property generates up to $9,000 per month and is perfectly positioned on a huge lot just blocks from Zilker Park, Barton Springs, and the Barton Creek Greenbelt. Zoned SF-3 and falling under the new City of Austin HOME Phase 2 zoning regulations for 1,800 sqft lots with the potential of 9 lots (Buyer to verify), this versatile property offers both strong current income and exciting future potential.

The property includes an updated two-story main home with 4 bedrooms, 2.5 baths, and a private fenced backyard and patio. Behind the main home is a three-unit apartment building featuring a downstairs studio, downstairs 1-bedroom, and upstairs 1-bedroom apartment.

Enjoy great outdoor living, a highly walkable A+ location, and a friendly neighborhood vibe just steps from the best dining, shopping, and entertainment on Barton Springs Road and South Lamar. Whether you’re seeking a high-performing rental compound, multi-generational living, or a rare redevelopment opportunity, this property delivers it all in the heart of Austin’s most iconic district.

Location

Map loading...

Schools

School District Austin ISD
Elementary Zilker
Middle School O Henry
High School Austin

Property Details

Property Type Land
Exterior Balcony, See Remarks
County Travis
MLS # 8627445

Mortgage Calculator

Estimate your monthly payment (PITI)

$
$
%
%
Est. Monthly Payment $0
Principal & Interest $0
Property Taxes $0 (not available)
Home Insurance $0

* Estimate only. Does not include HOA fees, PMI, or other costs.

Listing History

MLS# 8627445 - Updated Feb 24, 2026 52 days
Jan 30, 2026 Price Change $2,200,000
Dec 9, 2025 Listed Listing Courtesy of Keller Williams Realty - dave@​dmtx.com $2,500,000

Frequently Asked Questions About 000 Rabb RD, Austin TX 78704

How much does 000 Rabb RD, Austin TX 78704 cost?

000 Rabb RD, Austin TX 78704 is listed for sale at $2,200,000.

What school district is 000 Rabb RD, Austin TX 78704 in?

000 Rabb RD, Austin TX 78704 is in the Austin ISD school district. Assigned schools include Zilker (elementary), O Henry (middle), Austin (high school).

How big is the lot at 000 Rabb RD, Austin TX 78704?

The lot at 000 Rabb RD, Austin TX 78704 is 0.393 acres.

What type of property is 000 Rabb RD, Austin TX 78704?

000 Rabb RD, Austin TX 78704 is a land property.

What subdivision is 000 Rabb RD, Austin TX 78704 in?

000 Rabb RD, Austin TX 78704 is located in the Avon Heights subdivision in Austin, TX.

How long was 000 Rabb RD, Austin TX 78704 on the market?

000 Rabb RD, Austin TX 78704 was on the market for 52 days, listed on December 9, 2025.

Similar Properties

Browse More Properties

Request Tour

Contact Agent

Interested in this property?

Get more information or schedule a tour

By submitting this form, you consent to receive communications from Neuhaus Realty Group via phone, email, or text regarding your property inquiry. You may opt out at any time. Your information will not be shared. See our Privacy Policy.