1505 W 12 St, Austin, TX 78703

This is an incredible opportunity right in the heart of Clarksville, the most sought after location in Old West Austin. An extremely well maintained, historic multi family property that has a total of 5 separate units that are always in high rental demand. The location of this oversized corner lot can not be beat, and it takes advantage of alley access and frontage on both W 12th Street and Eason Street. The Multifamily zoning provides even further development possibilities, and the best part of this property is its easy walkability to some of the most popular restaurants and coffee shops in the city. What a luxury and spectacular lifestyle to have Jeffreys, Josephine House, Cipollina, Medici, Taco Flats, Galaxy Cafe, and the Fresh Plus Grocery all right at your door step. The interior of the each unit has been lovingly cared for and recently updated with fresh kitchens, hardwood floors, high ceilings, and good separation of space so each tenant feels like they have their own private dwelling. The exterior has been recently painted and there is plenty of off street parking with multiple driveways, and a carport and storage area. The corner of the property is anchored by a beautiful live oak tree and the immediate blocks are full of quintessential Clarksville bungalows and high quality renovated homes that are some of the most sought after in town. Each unit is on its own separate meter, making it much more convenient for tenants to address their utilities, and yet another benefit of the multifamily zoning. Rarely will you find a property that has such a spectacular combination of an incredible location that is so close to downtown, the hike and bike trail, and easy access to all of the best restaurants, bars, coffee shops, and everything wonderful located on W 6th Street and West Lynn Street.

1505 W 12th Street in Clarksville sits on one of Old West Austin's most coveted corner lots, where five distinct rental units generate consistent income while anchoring a neighborhood that has become the city's most sought-after historic district. Built in 1947 on 0.1799 acres with dual frontage on W 12th Street and Eason Street, this 3,030 square foot multifamily property offers the rare combination of immediate walkability to downtown Austin and the kind of character that comes from seven decades of Clarksville living.

Each of the five units has been thoughtfully maintained and recently refreshed with updated kitchens, hardwood floors, and high ceilings that give occupants genuine separation and privacy despite the shared property. Crown molding, natural woodwork, and ceiling fans throughout create the kind of textured interior spaces that feel both lived-in and refined. The clapboard exterior, recently painted, pairs with the uncovered courtyard and dual porches that define the property's soul. A mature live oak anchors the corner, its canopy providing the kind of shade and neighborhood gravitas that younger trees simply cannot replicate.

The location is unmatched for walkability. Jeffreys, Josephine House, Cipollina, Medici, Galaxy Cafe, and Taco Flats sit within steps. The hike and bike trail connects directly. W 6th Street and West Lynn Street, Austin's restaurant and bar spine, are minutes away on foot. Students in the Austin ISD Austin High School attendance zone can walk to O Henry Middle School and Mathews Elementary. The multifamily zoning opens development possibilities that most corner lots never offer, while the alley access and multiple driveways provide practical parking and circulation that typically plagues central Austin properties.

Off-street parking, a carport, and dedicated storage handle the logistics. Individual meters on each unit simplify tenant management. The surrounding blocks are dense with quintessential Clarksville bungalows and thoughtfully renovated homes that anchor the neighborhood's reputation as one of Austin's most resilient and desirable addresses. At 1.40 million and 460 dollars per square foot, this corner represents the intersection of historic character, rental stability, and proximity to downtown that defines why Clarksville commands consistent investment attention across Austin's market.

Clarksville is Austin's most walkable luxury neighborhood — a historic freedman's town founded in 1871, now in 78703, five minutes on foot from downtown. Median home price $2.2M. Austin ISD schools (Casis Elementary, O. Henry Middle, Austin High). One of the only Austin neighborhoods where you can walk to fine dining, trails, and downtown without getting in a car.

The housing stock reflects 150 years of history. Original shotgun cottages and bungalows from the early 1900s sit alongside contemporary new builds and sensitive renovations on lots ranging from 0.1 to 0.25 acres. The neighborhood's historic designation (National Register) means you'll see period architecture preserved next to modern infill. Teardown lots trade at $800K-$1.5M for land alone.

West Lynn Street is the commercial spine — Medici coffee, Cipollina wood-fired pizza, Jeffrey's fine dining, Josephine House, and Bar Peached are all within a few blocks. Pease Park and Shoal Creek Trail border the east side. The Whole Foods flagship at 6th and Lamar is a 10-minute walk.

What makes Clarksville distinct: the combination of walkable daily life, historic character, and proximity to downtown that no other Austin neighborhood matches. The tradeoff is small lots, limited parking, and premium pricing for the location. Buyers here are paying for a lifestyle that doesn't require a car.