1505 W 12th 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.

This corner lot quadruplex at 1505 W 12th Street in Shelley Heights sits on one of Austin's most walkable blocks, with dual frontage on W 12th and Eason Street that creates exceptional visibility and foot traffic flow. At 3,030 square feet across four separate rental units, the property generates consistent income in one of Old West Austin's strongest rental markets, where demand outpaces supply year-round.

Arriving at the property, you immediately notice the mature live oak anchoring the corner and the recently refreshed exterior clapboard siding. Off-street parking spans multiple driveways plus a carport, which solves one of Clarksville's perennial challenges. The alley access provides service convenience and additional egress options that most corner lots lack. Each unit operates on its own utility meter, a practical feature that simplifies tenant relations and reduces administrative overhead.

Inside, recent updates transformed the spaces without erasing their character. Crown molding and natural woodwork frame high ceilings, while hardwood and tile flooring provide durability across four independently metered homes. Fresh kitchens with gas ovens and modern appliances anchor each unit. Front and rear porches on multiple units connect residents to the street life below, which defines Clarksville's appeal.

The location delivers walkability that most Austin properties can't match. Medici, Josephine House, Cipollina, and Galaxy Cafe sit within immediate reach. Taco Flats and Fresh Plus Grocery anchor the same blocks. W 6th Street's bar and restaurant corridor runs just minutes north. The nearby Barton Springs Hike and Bike Trail connects directly to downtown's core and Lady Bird Lake. This proximity matters for both resident retention and rental rates.

Austin ISD serves this address through Mathews Elementary, O Henry Middle, and Austin High School. The Clarksville subdivision sits minutes from UT's campus and downtown's employment centers. Zoning as multifamily opens future development possibilities that most residential lots simply don't have. At $460 per square foot, the per-unit cost and income potential reflect the scarcity of rentable Clarksville inventory. For investors seeking a lock-and-leave property in Austin's most established neighborhood, this represents the rare convergence of location, income, and appreciation potential.

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.