Nestled in the heart of sought-after 78704, this unique property offers an exceptional opportunity just minutes from downtown Austin on an expansive nearly half-acre lot (.47 acres / 20,473 sqft) zoned SF-3. TWO RESIDENCES ON ONE LOT situated just off Oltorf and moments from South Lamar and South 1st, the property combines privacy, mature trees, and an unbeatable central location. Austin favorites like Loro and The ABGB are just a short walk away, along with great coffee shops, shopping, and entertainment. Whether you're looking to live in the heart of it all, invest in an income-producing property with tenants in place, renovate or build, the oversized lot and prime location create endless potential. The property includes two residences, making it ideal for a variety of opportunities-from a buy-and-hold investment to future redevelopment. Surrounded by new construction, the area continues to attract both renters and homeowners alike. The original structure, built in 1952 and renovated in 2003, is a charming 2-bedroom, 1-bath home offering 780 sqft, covered porches, and a fenced front yard. The second structure, built in 2007, is also a 2-bedroom, 1-bath residence with approximately 900 sqft, featuring abundant natural light, hardwood flooring, and inviting indoor-outdoor living spaces. Both homes include in-unit laundry and dedicated parking. Don't miss this rare opportunity to own a substantial piece of land in one of Austin's most established and desirable urban neighborhoods, offering incredible flexibility, strong investment potential, and long-term value. All information provided is deemed reliable but not guaranteed, is subject to change and should be verified independently by buyer and buyer's agent.