1320 Southport Dr, Austin, TX 78704

Rare opportunity to own a well-maintained, income-producing 4-plex in the heart of Austin’s highly sought-after 78704 zip code! ALL UNITS FULLY LEASED and generating $6,200/month in rental income with reliable tenants in place. Ideally located near the vibrant scenes of South Lamar, South 1st, and South Congress, this property offers unbeatable access to premier shopping, dining, and entertainment, along with quick connectivity to 290/71, Mopac, and 183. Each of the four units is a 2-bedroom, 1.5-bathroom layout, thoughtfully updated with vinyl plank flooring, refreshed bathrooms, and light kitchen improvements. Major upgrades include a new HVAC system in Unit B (2023), a new water heater in Unit A (2024) and Unit C (2022), and a full kitchen renovation in Unit A featuring quartz countertops and new cabinetry. Units A and B also boast brand new flooring throughout, including upgraded vinyl flooring upstairs. Structural peace of mind comes with recent foundation work (2023–2024) completed by GL Hunt with a transferable warranty, in addition to a BRAND NEW ROOF coming in OCTOBER 2025! All units offer efficient, open layouts with kitchens flowing into living spaces and private, fully fenced backyard areas perfect for relaxing or entertaining, plus in-unit washer / dryer hookups for convenience. The exterior received a full pressure wash and fresh new paint in May 2025, giving the property strong curb appeal. With general maintenance diligently handled over the years, including regular HVAC tune-ups, routine landscaping and pest control, this turnkey investment offers multiple paths forward—continue earning strong passive income, renovate further to push rents even higher, or explore condo conversion for individual resale. This is a rare and flexible investment opportunity in a premier Central South Austin location!!! ***SEE MLS DOCS FOR UPDATES, MAINTENANCE INFO, LEASE INFO***

South Congress is the only street in Austin where you can buy custom cowboy boots, eat handmade sushi at a ten-seat counter, and watch 1.5 million Mexican free-tailed bats take flight from a bridge - all within a half-mile walk. That density of experience makes this neighborhood different from every other part of the city. It is a real neighborhood where people live full lives, and the commercial strip at its center happens to be the most photographed street in Texas.

The corridor runs along Congress Avenue south of Lady Bird Lake, roughly from the bridge to Oltorf Street, with residential streets extending east and west. Downtown is a ten-minute walk across the Congress Avenue Bridge. The Texas Capitol is visible from the north end. Perla's does coastal seafood on a patio that becomes a scene on weekends. Home Slice Pizza has had a line since the day it opened. Aba serves Mediterranean with a rooftop view. June's All Day handles the all-day cafe role. Otoko is one of the most exclusive dining experiences in Texas. Magnolia Cafe remains a late-night institution. Jo's Coffee is where the famous mural lives, and Lenoir offers a prix fixe wine garden.

Craftsman bungalows from the 1920s through 1940s give the neighborhood its character, with front porches and mature pecan trees. Modern condominiums line the avenue itself. Contemporary townhomes fill spaces between. Bungalows on decent lots start around $700,000 and can exceed $1.5 million. Condos range from the mid-$400s to over $2 million for luxury high-rise units with downtown views. Lot sizes for single-family homes are small, often under a tenth of an acre, which keeps the density high and the walkability real.

Travis Heights Elementary serves many addresses and carries a loyal following among families wanting a diverse, walkable community. Fulmore Middle School and Travis High School are the secondary feeders. The schools are urban public schools in the truest sense: diverse student bodies, active parent organizations, and programs that benefit from a central location. Some families supplement with Austin Montessori and other private options nearby.

The street itself is a walking experience: vintage clothing, record shops, galleries, and restaurants on both sides of a wide sidewalk. Barton Springs Pool is a short walk west. Blunn Creek Greenbelt cuts through the residential streets. The Lady Bird Lake Boardwalk puts residents on the water trail system without driving. The Congress Avenue Bridge bat colony draws crowds March through October. Social energy peaks on weekend evenings when the avenue fills and patios at Perla's and Home Slice spill onto sidewalks.

South Congress is not directly comparable to suburban luxury neighborhoods because the product is fundamentally different. East Austin has more new construction and grittier energy. Travis Heights is quieter with larger lots. Rainey Street has been consumed by high-rises. South Congress maintains a balance between commercial energy and residential livability none of those can match. The bungalows have proven to be strong long-term holds.

South Congress is for buyers who want to live inside Austin's cultural heartbeat. It works for couples, creatives, and professionals who prioritize walkability and social energy over square footage. It works for investors who understand that a Craftsman bungalow on a South Congress side street is one of the scarcest asset classes in the city.