604 W 9 St, Austin, TX 78701

A rare opportunity to own a true gem in downtown Austin, this one-of-a-kind multifamily property offers charm, flexibility, and a prime location all in one. Just blocks from the vibrant energy of the West 6th Street District, the property is walkable to The Capitol, Courthouse, and numerous Austin staples. Currently configured as three distinct spaces, each with its own private entrance, this property offers immediate function and income: - Two of the spaces are set up as fully permitted short-term rentals (STRs), ideal for Airbnb or executive stays. - The third space is occupied by a respected long-term design firm, offering built-in rental income or the option to convert for personal or business use. Originally designed by renowned Texas historian Walter Prescott Webb, this 1920s-era property is a testament to timeless charm and thoughtful design. Each space is filled with character, featuring hardwood floors, adaptable layouts, and a distinct sense of place that reflects Austin’s creative spirit. Whether you're an investor, a visionary entrepreneur, or simply someone seeking a flexible live/work opportunity in the heart of the city, this property offers unmatched potential. With 10 permitted parking spaces in the rear, an extraordinary asset in this central location, and DMU zoning allowing for both residential and commercial use, the possibilities are truly endless. New roof January 2025. Opportunities like this rarely come to market. Here is your chance to own a storied piece of Austin’s past, while shaping its future.

Downtown Austin runs from the Colorado River north to the Capitol, bounded by I-35 to the east and Lamar to the west. It is the densest residential market in Central Texas with high-rise condos, historic lofts, and luxury towers concentrated in distinct sub-districts.

The Seaholm District anchors the west end with the Seaholm Residences and the new Google tower reshaping the skyline. Rainey Street sits along the lake's north shore - what was a street of bungalow bars is now flanked by 40-story residential towers including 70 Rainey and The Lakeshore. The Warehouse District between 3rd and 6th Streets draws buyers who want walkable nightlife and restaurant access. Congress Avenue bisects downtown and remains the civic spine connecting the Capitol to the lake.

The Austonian (56 floors), The Independent (58 floors), and 360 Condominiums are the marquee towers. Newer projects like Sixth & Guadalupe and The Republic continue adding inventory. Price points range from $400K studio condos to $5M+ penthouses with lake and Hill Country views.

Walk Score averages 95+. The MetroRail Red Line stops at downtown station. Major employers including the State of Texas, UT Austin, and a growing tech presence (Google, Meta, Apple satellite offices) generate consistent housing demand. Nightlife, dining, live music, and Lady Bird Lake hike-and-bike trail are all within walking distance.

Buyers here are typically professionals, empty nesters downsizing from suburban estates, investors, and out-of-state relocations drawn to Austin's urban core. HOA fees range from $400/month in older buildings to $2,000+ in full-service towers. Most buildings include concierge, pool, fitness center, and secure parking.