808 Spence St Unit #A&B, Austin, TX 78702

TWO houses on one large corner lot with with alley access, and space to add on to the front house plus build a 3rd unit. Front house approximately 701sqft. Back unit approximately 1150 plus closed in garage and terrace another approximately 400sqft. All in the immediate area of Austin's Business District and Entertainment District of Rainey District,6th st, West 6th, SOCO, ALL of UT Stadium's, Franklin BBQ, East Cesar District, Historical Rosewood, 10 mile jogging trail at Lady Bird Lake, famous Bass fishing at lady Bird Lake, ALL of The Longhorns stadium's, Moody Center, and of course all of our State Govt buildings near our State Of Texas Capitol. My wife and I have enjoyed this location for 26yrs. Living here has kept us looking and feeling young. To live here, it's truly a Lifestyle one can feel as if you're on vacation Thursday-Sunday. It's the true meaning of Staycation. We both share one car living near all the fun. We've said it many times, we don't need a car here. I take short Uber rides everywhere in 78701 and 78702 or simply walk to business or fun. Our front unit is an active and very successful Airbnb, it's in the top 5% of all Airbnb. I will pass my successful platform to you and I can stay on as an Airbnb Coach for 30 days. The back unit, is where we stay. Come here and reverse your age. Or make it a safe investment on Airbnb. Front house is all original but updated as a 2bed 2 full baths. The backhouse is 2beds 2 full baths & 1/2 bath with an Entertaining terrace on the 3rd level. I can send links to you, with photos posted on Airbnb

808 Spence St Unit #A&B stands out for the one feature that is hardest to replicate in central Austin: two houses on a 0.144-acre corner lot with alley access in East Austin, Austin 78702. That is the real value driver here. At $1.50M, or $978 per square foot, the property delivers 4 bedrooms, 4 full baths, 1 half bath, and 1,534 square feet on a site that supports more than a single living arrangement. Built in 2016 and offered as a Residential - Single Family Residence in Travis County, it also carries seller-stated room to add onto the front house and pursue a third unit, which puts this in a different category than a standard infill home.

The seller describes the property as a front house and a rear residence rather than one conventional structure, with the front unit operating as an active Airbnb and the back unit used for owner occupancy. That matters because the appeal here is not just the current floor plan. It is the ability to separate uses on one lot. A buyer can evaluate this as a primary residence with income support, an owner-user setup with guest or extended stay flexibility, or a hold with future improvement potential tied to the corner position and alley access. The rear unit also includes a third-level terrace, adding another functional layer to the existing layout without needing to manufacture a lifestyle story around it.

Location is the second major advantage. Seller remarks place the property in the immediate area of Austin's business district and the entertainment draw of Rainey District, 6th Street, West 6th, SOCO, East Cesar District, Franklin BBQ, Rosewood, the 10-mile jogging trail at Lady Bird Lake, bass fishing at Lady Bird Lake, the University of Texas stadiums, Moody Center, and the State Capitol. For sophisticated buyers, that kind of positioning affects daily convenience, guest demand, and long-term relevance more than broad marketing language ever will. In a part of Austin where land configuration, access, and optionality often determine future upside, 808 Spence St Unit #A&B reads as a compact urban asset with present utility and credible room to improve its position over time.

East Austin is the only neighborhood in the city where you can walk from a James Beard Award-winning restaurant to a converted warehouse gallery to a live music venue to a craft cocktail bar without ever getting in your car. That walkability, combined with a building boom that has reshaped the housing stock over the past decade, makes East Austin the most dynamic real estate market in Central Texas.

East Austin stretches from I-35 on the west to Highway 183 on the east, with Lady Bird Lake forming the southern boundary and roughly MLK Boulevard marking the northern edge of the 78702 core. The 78722 zip extends the identity further north and east. Downtown is immediately across I-35 - five minutes by car, 15 by bicycle. East Cesar Chavez, East 6th, and East 7th serve as commercial corridors, each with its own personality. East Cesar Chavez leans toward taquerias and family shops, East 6th trends cocktail bars and restaurants, East 7th mixes galleries with newer retail.

Modern townhomes and duplexes make up about 35% of sales activity, concentrated on infill lots. Original shotgun bungalows and Craftsman homes account for 25%, mostly on quieter streets east of Chicon - typically 800 to 1,200 square feet on generous lots with ADU potential. Contemporary custom homes represent 15%, with architects like Bercy Chen and Alterstudio producing some of the most interesting residential design in Texas. Unrenovated bungalows start in the mid-$400s. Renovated historic homes with ADUs land between $700,000 and $1 million. New townhomes cluster around $600,000 to $900,000. Custom builds cross $1.5 million.

East Austin falls within Austin ISD. Zavala Elementary and Blackshear Elementary handle early grades. Martin and Kealing Middle Schools are the primary options, with Kealing's magnet program drawing students districtwide. Eastside Memorial High School serves the area, though many families opt for LASA, private schools, or open-enrollment options. The school landscape is more complex than in neighborhoods with a single feeder pattern, and specific addresses matter.

The lifestyle is what people picture when they think of modern Austin. Morning starts at Cenote or Fleet Coffee. Franklin Barbecue's line forms early, but locals order ahead. The dining concentration is remarkable. Suerte does modern Mexican with in-house nixtamal. Nixta Taqueria won a James Beard Award. Launderette turns a converted laundromat into one of Austin's best brunch spots. Canje brings Caribbean cooking to Holly Street. Kemuri Tatsu-Ya fuses izakaya with smokehouse. Via 313 has been making Detroit-style pizza since before the current boom. The Butler Trail, Boggy Creek Greenbelt, Roy Guerrero Park, and Mueller Lake Park provide outdoor options.

East Austin offers urban density and walkability unmatched outside downtown, at prices that undercut the west side significantly. Compared to South Congress, it provides more housing variety and better value per square foot. Compared to Mueller, it trades master-planned orderliness for more character. The main concerns are the pace of change and the east-west infrastructure divide, which has narrowed but still shows in some areas.

East Austin is for buyers who want to live in Austin's cultural energy rather than commute to it. It fits people who eat out frequently, bike to work, and value diversity of experience. It works for investors who see ADU potential in the generous lots. If you need a large lot, a quiet cul-de-sac, or a top suburban school, look elsewhere. But if you want to walk out your front door and feel the pulse of what makes Austin different from every other Texas city, there is no better address.