000 Rabb Road, Austin, TX 78704 - Photo 1

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$2,200,000

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Active
Lots/Land
0.393 Acres

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Property Description

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.

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Full Property Details

Full Property Details for 000 Rabb Rd

General

Price: $2,200,000
Taxes: (2024)
Status: Active
Type: Lots/Land
Source: Austin_MLS
MLS ID: 8627445
Updated: 1/30/2026
Added to Site: 74 day(s) ago

Additional Information

Shared Amenities: None

Exterior

Exterior Features: Balcony, See Remarks
Porch/Patio/Deck: Balcony

Location

Area: 7
County: Travis
Subdivision: Avon Heights Sec 05
Driving Directions: Mopac, exit Barton Springs head east; Right on Azie Morton, Right on Rabb Road.

School Information

Elem School District: Austin ISD
Midd School District: Austin ISD
High School District: Austin ISD
Elementary School: Zilker
Middle School: O Henry
High School: Austin

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Electricity Available, Natural Gas Available, Phone Connected

Structural Information

Detached/Attached: Detached
Property Condition: Resale

Additional Structures

Other Structures: Residence, Workshop

Lot Features

Property View: City
Lot Size (Acres): 0.393
Lot Size (Sq. Ft.): 17,119.08
Fence: Yes
Lot Features: Irregular Lot, Trees Large Size
Fencing (Description): Chain Link, Fenced, Wood

Financial Considerations

Assessment Amount: $1,623,340
Tax Year: 2024
Terms: Cash, Conventional

Disclosures and Reports

Special Conditions: Standard
Documents Avail.: Aerial, Deed Restriction, Survey
Legal Description: LOT 9 AVON HEIGHTS SEC 5
Disclosures/Reports: Owner Is Listing Agent
Property ID: 000RabbRd
Lot Number: 9

Listed by Keller Williams Realty

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— 000 Rabb Rd —

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(512) 751-6060

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Price & Sales History for 000 Rabb Rd Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/30/2026

Price Reduced

$2,200,000

-12%

MLS

12/09/2025

Listed

$2,500,000

—

MLS

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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000 Rabb Road, Austin, TX 78704 (MLS# 8627445) is a Lots/Land property with a lot size of 0.393 acres. 000 Rabb Road is currently listed for $2,200,000 and was received on December 09, 2025. Want to learn more about 000 Rabb Road? Do you have questions about finding other Lots/Land real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

000 Rabb Rd Austin, TX 78704