Austin, TX 78741 1202 Loma #A & B Dr

Incredible opportunity to own a unique property near downtown Austin featuring two fully equipped and beautifully maintained homes on one spacious 8,000 sqft lot zoned SF3/duplex. The main home offers 2 bedrooms and 1 bathroom with tall ceilings, a spacious living area, and a generous kitchen, while the second home is a full 1 bedroom, 1 bathroom guest house, perfect for rental income, guests, or extended family. Both homes are in excellent condition and offer great flexibility for either owner-occupants looking to live in one and rent the other, or investors seeking to lease both. The location provides unbeatable proximity to downtown, Lady Bird Lake, and all the best of Austin living, while the zoning allows for future development potential, including the option to scrape and build up to three new units with potential for expansive views of the downtown skyline and lake. Whether you're looking for a move-in-ready home with income potential, a buy-and-hold investment, or a rare development opportunity in a prime location, this property delivers exceptional value and versatility.