2906 Pearl St, Austin, TX 78705

Three unit income property with two buildings on Pearl Street in a highly walkable Central Austin location near the University of Texas.

The property includes a front single family residence built in 1937 and a rear duplex built in 2005.

The 1937 home (Unit A) features pier and beam construction, a gable roof, and composition shingles. The 2005 duplex is built on a slab foundation with a HIP style roof and composition shingles. The property totals 0.1878 acres and is zoned MF2 CO NP.

Unit Mix and Features

Unit A One level single family home facing east on Pearl Street 3 bedrooms, 2 bathrooms, 1,397 SF Beautifully updated with modern fixtures, stainless steel appliances, and beautifully maintained original wood floors throughout. Includes a utility room with washer and dryer, covered front patio, fenced backyard, and private driveway with two car parking.

Unit B Two level duplex unit facing west toward the alley 4 bedrooms, 2.5 bathrooms, 1,990 SF Open concept kitchen with bar top, stainless steel appliances, and ample space for entertaining. Tile flooring throughout the downstairs. Includes washer and dryer in the 2 car garage, covered back porch, and shared yard.

Unit C Two level duplex unit facing west toward the alley 3 bedrooms, 2.5 bathrooms, 1,590 SF Open concept kitchen with bar top and stainless steel appliances. Tile flooring downstairs and durable vinyl wood plank flooring upstairs. Includes washer and dryer in the 1 car garage, covered back porch, and shared yard.

Tenants pay separate utilities, minimizing owner expenses. Property offers room for value add and rent growth.

Located near UT, medical district, dining, shopping, and transit with strong walkability and consistent rental demand.

A 4,977-square-foot triplex at $384 per square foot this close to the University of Texas is a rare number in Central Austin, and 2906 Pearl St puts that math in your favor. At 2906 Pearl St in Austin, Austin, TX 78705, you are buying a Residential Income - Triplex in Travis County with three distinct living spaces, a 0.1878-acre lot, and a 3-car garage in one of the city’s most dependable rental corridors.

The layout gives this property real flexibility. The front home dates to 1937 and carries the kind of Central Austin character that still draws tenants and future buyers, including original wood floors, a covered front patio, fenced yard, and private driveway parking. Behind it sits a duplex built in 2005, which helps balance the older home’s charm with newer construction standards. One rear unit runs 1,990 square feet with 4 bedrooms and 2.5 baths. The other offers 1,590 square feet with 3 bedrooms and 2.5 baths. Across all three units, the property totals 4,977 square feet, and tenants pay separate utilities, which keeps owner expenses tighter and leaves room for value-add and rent growth over time.

What is it like to live or invest here? It is highly walkable, highly practical, and tied to the institutions that keep 78705 active year-round. Guadalupe Street, West Campus, and The University of Texas at Austin are all close by. Dell Seton Medical Center and the larger medical district are a short drive, which supports demand from graduate students, faculty, and medical professionals. Pease Park is nearby when you want green space, and Lamar Boulevard and Mopac make it easy to move between Downtown Austin, Clarksville, and North Austin without fighting the city from the edges.

For school-bound households, 2906 Pearl St is in Austin ISD, with Bryker Woods Elementary, O Henry Middle School, and Austin High School as the assigned campuses. Those names matter even on an income property because they strengthen future resale appeal beyond the investor pool. The lot size is strong for this part of Central Austin, and the mix of a 1937 front house with 2005 rear construction gives you a combination that is hard to duplicate today.

At $1.91 million after 85 days on market, this is the kind of Austin asset that works on two levels at once: immediate income potential today and long-term relevance in a part of Austin where location tends to keep paying you back.