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Crystal Olenbush

512-344-6000
  • 1305 Lorrain Street

  • $2,850,000 REDUCED
  • 6246 SQ. Feet, 0.46 Acres Residential Income Austin, TX 78703

Significant price reduction. Outstanding .46 acre buyer opportunity in the heart of Clarksville. Live in the main home or one of the duplex units, and enjoy rental income from all other units on the property. If you have a development in mind, MF-3 Zoning is in place with endless possibilities. The property includes a main home with five bedrooms and three baths, plus two additional buildings that house three 2/1 duplexes and storage spaces. All units are currently leased, and all leases expire on 7/31/2021. All showings need to be directly scheduled with the listing broker. Conceptual lot layouts are attached, but the feasibility of any and all projects must be verified by your own engineer and architect. Ask listing broker about ally access agreement and mailbox access. Seller to utilize a 1031 exchange. PLEASE DO NOT DISTURB THE TENANTS! THANK YOU!

View More Properties in the 78703 Zip Code. View More Properties in the Austin School District.

Essential Information

  • MLS® #3537370
  • Price$2,850,000
  • Bathrooms0.00
  • Square Footage6,246
  • Acres0.46
  • Year Built1918
  • TypeResidential Income
  • Sub-TypeQuadruplex
  • StatusActive

Community Information

  • Address1305 Lorrain Street
  • SubdivisionEnfield A
  • CityAustin
  • CountyTravis
  • StateTX
  • Zip Code78703

Amenities

  • FeaturesNone
  • ParkingNone
  • ViewNone
  • WaterfrontNone

Utilities

Electricity Available, Natural Gas Available

Interior

  • InteriorTile, Wood, Concrete
  • AppliancesRange
  • HeatingCentral
  • CoolingCentral Air
  • FireplaceYes
  • # of Fireplaces1
  • FireplacesNone
  • # of Stories2
  • StoriesTwo

Exterior

  • WindowsScreens
  • RoofComposition
  • ConstructionFrame
  • FoundationPillar/Post/Pier

Lot Description

Back Yard, Front Yard, Gentle Sloping, Interior Lot, Moderate Trees, Trees Medium Size

School Information

  • DistrictAustin ISD
  • ElementaryMathews
  • MiddleO Henry
  • HighAustin

Map & Directions

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Price Change History for 1305 Lorrain Street, Austin, TX (MLS® #3537370)

Date Details Price Change
Price Reduced $2,850,000 $145,000 (4.84%)
Price Reduced $2,995,000 $200,000 (6.26%)
Price Reduced $3,195,000 $104,000 (3.15%)
Price Reduced $3,299,000 $100,000 (2.94%)
Price Reduced $3,399,000 $100,000 (2.86%)
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Property Listed by: 3 Creeks Real Estate, Llc

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from June 21st, 2021 at 5:16am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.