Incredible Investment Opportunity in Historic Aldridge Place
Step into a piece of Austin history with this rare 1932-built multi-family gem, nestled in the heart of Aldridge Place--one of the city's most beloved and storied neighborhoods. For nearly a century, this timeless residence has served generations of University of Texas students, its walls echoing decades of academic ambition and Austin culture.
Sitting on a generous quarter-acre lot in North UT Campus, the property features a stately four-story main house configured as two spacious, character-rich units. Unit B spans two stories with 4-5 bedrooms and 3 full bathrooms, while the other (Unit A) offers 3 bedrooms and 1.5 bathrooms--ideal for student housing, co-living, or long-term rentals.
A standout feature is the oversized Unit C, accessed via West 34th Street, which includes three flexible bedroom/living spaces and 3 full bathrooms--presenting a unique opportunity for additional rental income or private guest quarters.
Whether you're an investor looking to renovate and maximize rental returns, or a visionary homeowner seeking to transform this historic structure into a grand single-family residence with a separate guest home in the rear, the potential here is as expansive as the lot itself.
Sold as-is, with rental and maintenance history available. Bring your imagination--and be part of the next chapter in this icon.
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Pool: None
Lot Features: Back Yard, Front Yard, Trees-Large (Over 40 Ft)
Parking: Driveway
Heat Type: Central, Natural Gas
Air Conditioning: Central Air
Sewer: Public Sewer
Financial
Sales Price: $1,400,000
Real Estate Tax: $30,620/yr
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