Income-Producing Compound Near Zilker ParkIncredible opportunity in one of Austins 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 youre seeking a high-performing rental compound, multi-generational living, or a rare redevelopment opportunity, this property delivers it all in the heart of Austins most iconic district.
- MLS# 8329541
- Date Listed12/10/2025
- Bedrooms -
- Bathrooms
- Lot Size 0.39 acres (17,119 sq. ft)
- Sewer Public Sewer
- Subdivision Avon Heights Sec 05
- Property Type
- County Travis
- Year Built 1963
- Water Public
- Square Feet 4,589 sq. ft
- Price Per Sq. Ft $479.41
Interior Features
- Flooring Carpet, Laminate, Tile
- Cooling Central Air
- Heating Central, Electric
Exterior / Lot Features
- Exterior Workshop
- Roof -
- Lot Size Acres 0.39
- Lot Size SQFT 17,119.08
- Lot Features -
Directions
Mopac, exit Barton Springs head east; Right on Azie Morton, Right on Rabb Road.
Financial Considerations
- Tax Amount $32,172
- Terms Cash, Conventional, FHA, VA Loan
Schools near 78704
Explore the local neighborhood highlights and top-rated schools near 78704 in Austin, TX.
Nearby Schools
Source: School Digger
Public • PK - 5 • Serves this home
0.77 mi
Distance
Richards School For Young Women Leade
Public • 6 - 12 • Serves this home
1.6 mi
Distance
Public • 9 - 12 • Serves this home
1.9 mi
Distance
Public • PK - 5 • Serves this home
0.77 mi
Distance
Public • PK - PK
1.61 mi
Distance
Public • PK - 5
1.61 mi
Distance
Public • PK - 5
2.02 mi
Distance
Public • PK - 5
2.36 mi
Distance
Public • PK - 5
2.46 mi
Distance
Public • PK - 12
2.47 mi
Distance
Public • PK - 5
2.76 mi
Distance
Public • PK - 6
3.19 mi
Distance
Public • PK - 5
3.33 mi
Distance
Richards School For Young Women Leade
Public • 6 - 12 • Serves this home
1.6 mi
Distance
Public • 6 - 8
2.56 mi
Distance
Public • 6 - 8
2.76 mi
Distance
Public • 6 - 8
3.83 mi
Distance
Public • 7 - 8
4.2 mi
Distance
Harmony School Of Excellence - Austin
Public • 6 - 12
4.91 mi
Distance
Public • 6 - 12
5.11 mi
Distance
Public • 6 - 8
5.35 mi
Distance
Kipp Austin Beacon Preparatory
Public • 5 - 8
5.49 mi
Distance
Public • 6 - 8
5.78 mi
Distance
Public • 9 - 12 • Serves this home
1.9 mi
Distance
Public • 8 - 12
2.02 mi
Distance
Public • 9 - 12
2.46 mi
Distance
Public • 9 - 12
2.76 mi
Distance
Public • 9 - 12
3.75 mi
Distance
Public • 9 - 12
3.88 mi
Distance
Public • 9 - 12
4.01 mi
Distance
Graduation Preparatory Academy
Public • 9 - 12
4.01 mi
Distance
Public • 9 - 12
4.08 mi
Distance
University Of Texas At Austin High School
Public • 9 - 12
4.32 mi
Distance
San Juan Diego Catholic High School - Austin
Private • 09 - 12
2.02 mi
Distance
Private • 07 - 12
3.02 mi
Distance
Private • 06 - 12
3.02 mi
Distance
Wilson Hill Academy, Llc (digital Learning)
Private • 05 - 12
3.19 mi
Distance
The Austin School For The Performing And Visual Arts
Private • 06 - 12
3.76 mi
Distance
Rawson - Saunders - Austin Area School For Dyslexics
Private • 01 - 12
4.82 mi
Distance
Private • PK - 12
5.02 mi
Distance
Private • 06 - 12
5.21 mi
Distance
St Andrew's Episcopal School - Austin
Private • KG - 12
5.36 mi
Distance
Private • KG - 12
5.84 mi
Distance
Sales & Tax History
Source: Public Records
| Street Address | Beds | Baths | Sold Date | List Price | Valuation Date | Valuation Price |
|---|---|---|---|---|---|---|
| 4905 Timberline DR | Listing | 5 | 6 | Aug 19, 2026 | $6,000,000 | Mar 21, 2024 | $6,995,000 |
| 309 Cumberland | Listing | 3 | 3 | Aug 05, 2026 | $775,000 | Feb 23, 2024 | $1,080,507 |
| 2100 Headwater LN | 5 | 5 | Aug 13, 2026 | $3,595,000 | Aug 27, 2026 | - |
| 307 W Elizabeth ST 1 | 3 | 3 | Jun 30, 2026 | $1,799,000 | Aug 27, 2026 | - |
| 408 W Live Oak ST A | 4 | 3 | Jul 13, 2026 | $1,199,000 | Aug 27, 2026 | - |
| 409 Crockett ST C | 3 | 3 | Jul 13, 2026 | $949,000 | Aug 27, 2026 | - |
| 4510 Pack Saddle PASS | 3 | 3 | Jul 14, 2026 | $1,400,000 | Aug 27, 2026 | - |
| 2713 Tether TRL | 3 | 2 | Jul 06, 2026 | $1,462,170 | Aug 27, 2026 | - |
| 308 El Paso ST | 5 | 5 | Jun 30, 2026 | $1,749,280 | Aug 27, 2026 | - |
| 506 Powell CIR | 3 | 4 | Aug 13, 2026 | $1,699,000 | Aug 27, 2026 | - |
Local Neighborhood Highlights for 78704
Discover key demographics, population statistics, and environmental insights for the Austin, TX area.
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 53,226 | 986,248 | 1,342,531 | 335,858,263 |
| Population Density | 6,070 | 3,067 | 1,356 | 95 |
| People per Household | 1.9 | 2.4 | 2.5 | 2.6 |
| Median Age | 37.2 | 35.3 | 35.7 | 39.1 |
| Median Income | $87,074 | $78,934 | $83,177 | $66,222 |
| Average Income | $64,480 | $45,843 | $45,884 | $35,475 |
| Cost of Living Index | 73 | 89 | 95 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 40°F | 40°F | 40°F | 22.6°F |
| July Avg. High Temp | 95°F | 95°F | 95°F | 86.2°F |
| Annual Precipitation | 33.65" | 33.65" | 33.65" | 38" |
73/100
Very Walkable
Walk Score ®
45/100
Some Transit
Transit Score ®
79/100
Very Bikeable
Bike Score ®
Overview
Most errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.
Transit Summary
5 nearby routes: 5 bus, 0 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 49/100, Transit Score: 36/100, Bike Score: 54/100.
Property Change History
Points of Interest near 00000 Rabb RD, Austin, TX 78704
1003 ft
Distance
0.23 mi
Distance
0.24 mi
Distance
422 ft
Distance
422 ft
Distance
475 ft
Distance
634 ft
Distance
634 ft
Distance
634 ft
Distance
634 ft
Distance
792 ft
Distance
792 ft
Distance
845 ft
Distance
898 ft
Distance
1003 ft
Distance
1003 ft
Distance
0.22 mi
Distance
0.23 mi
Distance
0.24 mi
Distance
0.28 mi
Distance
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Frequently Asked Questions for 00000 Rabb RD
Source: Realty.com
00000 Rabb RD, Austin, TX 78704 in Avon Heights Sec 05, Austin, TX 78704 is a commercial sale listed at $2,200,000. Highlights include 4,589 sq. ft., built in 1963, 0.39 acre lot, $479 per sq. ft.. Realty.com has 40 photos, sales history, school insights, and mortgage tools for this listing.
Realty.com has 40 photos of 00000 Rabb RD.
Our records indicate that 00000 Rabb RD was built in 1963.
The full address for this home is 00000 Rabb RD, Austin, TX 78704.
00000 Rabb RD has been listed on Realty.com since Wed December 10, 2025
Most errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.
The average walkability score in the surrounding area is Walk Score: 49/100, Transit Score: 36/100, Bike Score: 54/100.
There are 3 schools assigned to this home. Check out the schools near 00000 Rabb RD. Zilker Elementary School (Grades: PK - 5), Richards School For Young Women Leade (Grades: 6 - 12), Austin High School (Grades: 9 - 12)
Listing provided courtesy of:
Keller Williams Realty
(tel: 512-448-4111)
Listing agent:
Dave Murray
(tel: 512-695-2176)
(#340639)
This content last refreshed on 2026-08-27 00:30:05. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.