1202 E 29th St Austin, TX 78722
Cherrywood NeighborhoodEstimated payment $5,269/month
Highlights
- Two Primary Bedrooms
- Mature Trees
- Corner Lot
- Maplewood Elementary School Rated A-
- Wood Flooring
- 3-minute walk to Grackle Green
About This Home
NEW INVESTOR SPECIAL — Two Homes, One Price in East Austin!
Offered at $750,000, this cash-flowing attached duplex provides a rare opportunity in Central Austin, with the option to purchase each home separately. Investors have already taken notice of this one.
This property features two fully separate homes located in East Austin’s desirable 78722 zip code. Tenants are responsible for all utilities and lawn care. Pro-forma NOI is projected at $57,150 per year with a cap rate of 7.62%. Estimated cash flow is approximately $1,068 per month with 20% down at a 6.25% rate, and the DSCR is 1.29, making it an easy qualifier.
Buy the entire property for $750,000 or choose to purchase each home individually. Side A offers 1,354 square feet and is priced at $500,000. Side B offers 1,054 square feet and is priced at $350,000.
This layout accommodates a wide range of strategies including long-term rentals, mid-term rentals, short-term rentals, house-hacking, owner-occupant income opportunities, 1031 exchanges, DSCR financing investors, and developers seeking flexible configurations.
This is a rare chance to own two income-producing homes on one lot in one of Austin’s most sought-after neighborhoods. Properties like this seldom hit the market, and when they do, they move quickly. Our last listing in this area sold in three days with multiple offers.
Listing Agent
eXp Realty, LLC Brokerage Phone: (737) 888-4070 License #0747189 Listed on: 12/04/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $16,633
Year Built
- Built in 1984
Lot Details
- 7,850 Sq Ft Lot
- East Facing Home
- Wood Fence
- Corner Lot
- Mature Trees
- Private Yard
- Back Yard
Home Design
- Pillar, Post or Pier Foundation
- Composition Roof
- Wood Siding
Interior Spaces
- 2,408 Sq Ft Home
- 1-Story Property
- Built-In Features
- Ceiling Fan
- Recessed Lighting
- Multiple Living Areas
- Dining Area
- Wood Flooring
- Neighborhood Views
- Fire and Smoke Detector
Kitchen
- Gas Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 7 Bedrooms | 6 Main Level Bedrooms
- Double Master Bedroom
- 4 Full Bathrooms
Parking
- 3 Parking Spaces
- Common or Shared Parking
Outdoor Features
- Covered Patio or Porch
Schools
- Maplewood Elementary School
- Kealing Middle School
- Mccallum High School
Utilities
- Central Heating and Cooling System
- Above Ground Utilities
- Natural Gas Connected
- High Speed Internet
Community Details
- No Home Owners Association
- Dancy Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 02140909010000
- Tax Block H
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,010 | $839,261 | $361,299 | $477,962 |
| 2023 | $15,550 | $859,488 | $425,000 | $434,488 |
| 2022 | $18,522 | $937,836 | $425,000 | $512,836 |
| 2021 | $16,758 | $769,900 | $275,000 | $494,900 |
| 2020 | $11,261 | $525,000 | $275,000 | $250,000 |
| 2018 | $11,037 | $498,510 | $275,000 | $223,510 |
| 2017 | $11,062 | $496,022 | $250,000 | $246,022 |
| 2016 | $10,980 | $492,352 | $200,000 | $292,352 |
| 2015 | $10,233 | $497,012 | $125,000 | $372,012 |
| 2014 | $10,233 | $430,000 | $125,000 | $305,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/04/2025 12/04/25 | For Rent | $7,000 | 0.0% | -- | |
| 12/04/2025 12/04/25 | For Sale | $750,000 | 0.0% | $311 / Sq Ft | |
| 06/22/2021 06/22/21 | Rented | $2,695 | +3.9% | -- | |
| 06/21/2021 06/21/21 | Under Contract | -- | -- | -- | |
| 06/10/2021 06/10/21 | For Rent | $2,595 | 0.0% | -- | |
| 11/18/2019 11/18/19 | Sold | -- | -- | -- | View Prior Sale |
| 10/30/2019 10/30/19 | Pending | -- | -- | -- | |
| 10/23/2019 10/23/19 | Price Changed | $729,000 | -13.1% | $303 / Sq Ft | |
| 09/16/2019 09/16/19 | For Sale | $839,000 | -- | $348 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | -- | |
| Vendors Lien | -- | Chicago Title | |
| Vendors Lien | -- | -- | |
| Warranty Deed | -- | Gracy Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $513,750 | New Conventional | |
| Previous Owner | $265,000 | Purchase Money Mortgage | |
| Previous Owner | $111,200 | No Value Available |
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 5947016
APN: 207030
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