2105 Rabb Rd, Austin, TX 78704

Income-Producing Compound Near Zilker Park

Incredible opportunity in one of Austin’s most desirable neighborhoods! This income-producing property generates up to $9,000 per month and is perfectly positioned on a huge lot just blocks from Zilker Park, Barton Springs, and the Barton Creek Greenbelt. Zoned SF-3 and falling under the new City of Austin HOME Phase 2 zoning regulations for 1,800 sqft lots with the potential of 9 lots (Buyer to verify), this versatile property offers both strong current income and exciting future potential.

The property includes an updated two-story main home with 4 bedrooms, 2.5 baths, and a private fenced backyard and patio. Behind the main home is a three-unit apartment building featuring a downstairs studio, downstairs 1-bedroom, and upstairs 1-bedroom apartment.

Enjoy great outdoor living, a highly walkable A+ location, and a friendly neighborhood vibe just steps from the best dining, shopping, and entertainment on Barton Springs Road and South Lamar. Whether you’re seeking a high-performing rental compound, multi-generational living, or a rare redevelopment opportunity, this property delivers it all in the heart of Austin’s most iconic district.

At up to $9,000 a month in income on a 0.393-acre lot, 2105 Rabb Rd stands out as one of the more flexible real estate plays in 78704. In Zilker, 2105 Rabb Rd puts a 4,589-square-foot residential income quadruplex in the middle of one of South Austin’s most established pockets, with Zilker Park, Barton Springs Pool, and the Barton Creek Greenbelt all close by.

This is a 1963-built property priced at $2.20 million, or $479 per square foot, and the numbers tell a clear story. You are buying scale, land, location, and multiple paths forward in a part of Austin where large lots are harder to find and redevelopment pressure stays constant. The setting off Rabb Road gives you quick access to Barton Springs Road and South Lamar Boulevard, which means easy runs to local staples, downtown employers, and everyday errands without giving up the quieter residential feel that still defines this stretch of 78704.

For buyers thinking beyond a standard single-home purchase, the appeal here is obvious. The site works as an income-producing hold, a multi-generational setup, or a longer-term land play, with the kind of lot size that keeps future options in the conversation. The existing configuration already supports rental performance, and the size of the parcel adds another layer of value in a submarket where land drives pricing as much as finished space. With 103 days on market, there is also a chance for a serious buyer to study the upside instead of reacting to a fast weekend bidding cycle.

Families looking at school alignment will note that the property is in Austin ISD, assigned to Zilker Elementary, O Henry Middle School, and Austin High School. That school path matters in 78704 because buyers consistently search by both neighborhood and campus name, and Zilker, O Henry, and Austin remain recognized anchors for central Austin households.

What is it like to live at 2105 Rabb Rd in Zilker? It is close to the city’s best outdoor amenities, connected to major South Austin corridors, and positioned in a part of Austin where demand rarely disappears. Whether the next owner keeps it as a high-performing fourplex, reshapes it for extended family living, or studies future development potential, this address offers the kind of optionality that tends to age well in 78704.

Zilker is the only neighborhood in Austin where you can complete an entire day - morning run, afternoon swim, evening dinner - without ever sitting in a car. The Butler Trail starts at your doorstep. Barton Springs Pool is a walk across the park. Barton Springs Road has enough restaurants to fill a week. That car-free possibility is not a marketing pitch. People here actually live that way.

The neighborhood sits south of Lady Bird Lake, bounded by MoPac west, Lamar east, Barton Skyway south, and the lake north. Zilker Park, the 351-acre green space, occupies the northeast corner where Barton Creek meets the lake. Downtown is across the Lamar or First Street bridge, five to ten minutes and entirely bikeable. Terry Black's serves competition-grade barbecue. Odd Duck does seasonal small plates. Uchi is widely considered one of the best Japanese restaurants in the country. Juliet Italian Kitchen handles the neighborhood spot role. Loro does Thai-inspired barbecue. Tiki Tatsu-Ya turns a strip mall into an immersive experience. Nido at The Loren brings hotel-level dining to the south end.

Craftsman bungalows from the 1930s anchor many streets with covered porches and mature pecans. Mid-Century Ranch homes fill blocks closer to Barton Skyway. Contemporary builds have replaced many originals, especially near the park and trail. A block might have three bungalows, a Ranch, and two new contemporaries side by side. Prices start around $800,000 for a small bungalow needing work and climb past $3 million for new construction with park proximity. The median hovers around $1.3 million. Lots are modest, typically 5,000 to 8,000 square feet.

Zilker Elementary has a devoted parent community that has invested through fundraising and advocacy, with a strong arts program. Students feed into O. Henry Middle School and Austin High School, located directly on Lady Bird Lake with an unusual campus setting for an urban school. Families who choose Zilker schools value walkability, diversity, and community engagement over the metrics-driven approach of some suburban districts.

A typical weekday starts with a morning run on the Butler Trail, which loops around Lady Bird Lake. Midday might include Barton Springs Pool, the three-acre spring-fed pool that stays 68 degrees year-round. The Barton Creek Greenbelt is accessible from multiple trailheads. The Violet Crown Trail pushes south into the Hill Country. Zilker Park hosts ACL in October and Trail of Lights in December, but the rest of the year it is a neighborhood park: soccer games, picnics, paddleboard launches, and a botanical garden.

Zilker competes with Travis Heights, Bouldin Creek, and Barton Hills. Travis Heights has similar character but sits farther from the park and trail system. Bouldin Creek is quieter with lower prices but lacks direct park adjacency. Barton Hills offers more space but requires driving to dining. Zilker's advantage is the combination of park access, trail access, restaurant walkability, and downtown proximity that no other neighborhood matches simultaneously.

Zilker is for buyers who want a car-optional lifestyle in the center of Austin's best outdoor amenities. It works for active couples, families who want kids growing up at Barton Springs, and anyone who measures quality of life in trail miles and walkable restaurants rather than square footage and garage bays.