Location, location, location! Opportunities like this rarely come available in the highly sought-after North University/Hyde Park area. This charming property features the original Craftsman-style home and a detached guest house with private alley access, offering exceptional flexibility for rental income, guests, or multigenerational living. While listed as a condo, the home is not attached to any other residence, includes a private backyard, and has no HOA fees. There is also potential for future expansion. Situated on a beautiful street lined with mature trees and historic homes, it offers the perfect blend of classic Austin character and unbeatable convenience. Just minutes from the University of Texas, Downtown Austin, Mueller, The Triangle, and many beloved local hotspots, you'll enjoy the best of both convenience and neighborhood charm. Walk or bike to Hancock Golf Course, First Light Books, Hyde Park Bar & Grill, and more. The original home is full of character, featuring classic Craftsman-style architecture, original hardwood floors, functional living spaces, and timeless details that are increasingly difficult to find. The 2-bedroom, 1-bath floor plan offers comfortable living with room to make it your own. The detached guest house includes a kitchenette, full bathroom, and lofted sleeping area. The guest house has been occupied by the same tenant for the past seven years, offering an excellent opportunity for continued rental income, if so desired. With its premier location, detached guest house, income potential, and endless possibilities, this is a rare opportunity to own a piece of one of Austin's most desirable neighborhoods. Priced to sell. Schedule your showing today.