1507 Woodlawn Blvd, Austin, TX 78703

Located in historic and prestigious Old Enfield on the wide Woodlawn Boulevard, this fourplex property presents a rare investment or redevelopment opportunity. All units have been fully leased for the past 15 years and remain in their original condition. Just down the street from the historic Pease Mansion, this property is ideal for investors looking to reimagine the space or capitalize on its existing features. Central location and proximity to downtown make this an ideal redevelopment to multifamily OR single-family home. Demo and rebuild. Renovate and upgrade. Clarksville favorites just 2-3 blocks away, Fresh Plus Grocery, Josephine House, Jeffery's, Cippolina, Medici Coffee House, lots more.

1507 Woodlawn Blvd puts a 0.2268-acre quadruplex site in Old Enfield into play at $1.00M, or $378 per square foot, which is the key fact for any buyer looking at 78703 through a land and use lens. In a part of Austin where site control and school path both matter, this residential income property sits in Austin ISD with Casis, O Henry, and Austin High attached to the address, a combination that holds weight for both long-term ownership and future repositioning.

The existing improvements total 2,647 square feet and date to 1959. The property is a fourplex, not a polished single-use asset, and that distinction matters. The remarks indicate all units have been fully leased for the past 15 years, which supports the case for durable occupancy, but they also note original condition throughout. That creates a clear split between current function and future potential. A buyer can evaluate 1507 Woodlawn Blvd as income-producing housing today while also studying what renovation, upgrade, or a larger redevelopment decision could look like over time. The single fireplace is a minor detail, but the broader point is that this is not being bought for finish level alone. It is being bought for basis, lot size, and location leverage.

The setting sharpens that case. Woodlawn Boulevard is identified as a wide street within historic Old Enfield, and the property sits near the Pease Mansion, which gives immediate geographic context inside one of central Austin's most established neighborhoods. The remarks also place Clarksville dining and daily retail a short distance away, including Fresh Plus Grocery, Josephine House, Jeffrey's, Cipollina, and Medici Coffee House. That nearby concentration of established neighborhood businesses supports demand without relying on a speculative story. This is also described as a central location with proximity to downtown, which remains one of the more durable drivers of value for small multifamily and redevelopment sites in close-in Austin.

The 509 days on market suggest this requires a disciplined buyer rather than a casual one. That is not a negative if the buyer understands what is here: a fully leased fourplex in original condition on a sizable Travis County lot, offered in a school-supported 78703 location where the next move can be income hold, renovation, or a more substantial reset. The long-term value lies in controlling a rare central Austin site that offers more than one credible path forward.

Old Enfield is where the Whole Foods flagship store opened in 1980, back when the neighborhood was a quiet collection of historic homes and natural foods seemed eccentric. That original store at Lamar and 5th has since grown into a global headquarters, but Old Enfield has remained essentially the same. The houses got more expensive, but the character held. Pecan trees still shade the sidewalks, and people still walk to get groceries.

The neighborhood occupies some of the most centrally located residential land in Austin, bounded by Shoal Creek to the east, MoPac to the west, 15th Street to the north, and 5th Street to the south. Downtown is not a commute from here. It is a walk. The Capitol building is about a mile and a half east. You can walk to Whole Foods, BookPeople, and the restaurants on West 6th without starting a car. The 78703 zip code covers Old Enfield and adjacent Pemberton Heights and Bryker Woods.

The housing stock reads like a textbook of early 20th century American architecture. Colonial Revival accounts for roughly 30 percent, with symmetrical facades and columned entries from the 1920s through 1940s. Tudor Revival makes up about 20 percent, with steep rooflines and decorative half-timbering. Spanish Eclectic represents 15 percent, Mid-Century another 15 percent, and the balance includes Craftsman bungalows and newer custom builds. Lots are modest by suburban standards, typically 6,000 to 12,000 square feet. Unrenovated originals start around $1.2 million, maintained period homes trade between $1.8 million and $3 million, and fully renovated properties push past $5 million.

Austin ISD serves Old Enfield, with Casis Elementary as the neighborhood school. Casis has a strong reputation and active parent community. Students feed into O. Henry Middle and Austin High, which sits along Lady Bird Lake close enough for students to walk. Private options including St. Andrew's Episcopal and Griffin School are within a short drive. The University of Texas campus puts cultural and academic resources within reach.

Mornings start at Deep Eddy Pool, the spring-fed public pool at the southwestern corner that has been open since the 1930s. Swimmers do laps in cold, clear water year-round. Pease Park runs along the northern boundary with 84 acres of green space. Shoal Creek Trail connects to downtown and points north. Jeffrey's has served refined American cuisine on West Lynn since 1975. Josephine House handles brunch and cocktails. Cipollina serves Italian-influenced sandwiches and pastries. Clark's Oyster Bar provides coastal fare. Bar Peached brings Southeast Asian flavors, and Uchi, the James Beard-recognized Japanese restaurant, is a short drive south.

Old Enfield's position is defined by scarcity. Tarrytown to the north offers similar walkability with larger lots and higher prices. Clarksville to the east is smaller with more commercial encroachment. Pemberton Heights trades at a premium for slightly larger lots. South of Lady Bird Lake, Zilker and Barton Hills offer outdoor amenities but lack the walkable restaurant density and architectural heritage. The limiting factor is inventory. Homes rarely come to market because owners hold them for decades.

Old Enfield is for buyers who want to live in Austin proper, not adjacent to it. If your ideal week involves walking to dinner, swimming laps in a spring-fed pool before work, and browsing BookPeople on Saturday without starting your car, this makes that real. It suits people who value architectural character and accept the trade-offs of older homes. Families at Casis, downtown professionals, and anyone who defines luxury by proximity and character rather than square footage will find this is exactly what they are looking for.