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500 Capitol DR # 1
Austin, TX, 78753
$500,000
4 Beds
3 Baths
1,136 SqFt
0 Acres
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Versatile, stylish, and income-producing — 500 Capitol Dr is a rare opportunity to own a beautifully remodeled property in one of the area’s most established neighborhoods. Whether you’re an investor looking to maximize rental income or a homeowner seeking help offsetting your mortgage, this residence delivers exceptional flexibility and long-term value.

A standout feature of this home is its incredible income-producing potential: the main house includes an attached studio with a private entrance — ideal for short- or long-term rentals — plus a separate detached unit that creates a second revenue stream. This setup offers the perfect blend of owner-occupancy and passive income in a location that’s always in demand.

Beyond its investment appeal, the home itself shines with thoughtful upgrades & quality finishes. A composition shingle roof & classic stone-and-siding exterior give it timeless curb appeal, while the neatly landscaped surroundings & two-car garage add everyday functionality.

Step inside to discover luxury vinyl plank flooring, fresh neutral tones, and an open-concept layout that feels both bright and inviting. The designer kitchen features stainless steel appliances, quartz countertops, a subway tile backsplash, and sleek white cabinetry — perfect for entertaining or everyday comfort.

Energy-efficient windows flood the home with natural light and frame views of the private, fenced backyard — a peaceful retreat complete with a covered patio, ideal for relaxing or hosting guests. Additional features include recessed lighting, ample storage, & smart home security for peace of mind.

The property sits on a mature, well-maintained lot with a manicured lawn and towering trees, offering a charming backdrop for outdoor living. Ideally located near parks, top-rated schools, and local shopping, 500 Capitol Dr balances quiet residential living with convenient urban access. Information provided by seller & to be independently verified by the purchaser.

Property Details

Price:
$500,000
MLS #:
2724689
Status:
Active
Beds:
4
Baths:
3
Address:
500 Capitol DR # 1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Georgian Acres
City:
Austin
Listed Date:
May 2, 2025
State:
TX
Finished Sq Ft:
1,136
ZIP:
78753
Year Built:
1938
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Schools

School District:
Austin ISD
Elementary School:
Barrington
Middle School:
Webb
High School:
Navarro Early College

Interior

Appliances
Dishwasher, Gas Range, R N G H D, Refrigerator
Bathrooms
3 Full Bathrooms
Cooling
Central Air
Flooring
Carpet, Linoleum, Tile
Heating
Central

Exterior

Community Features
None
Exterior Features
Exterior Steps
Other Structures
None
Parking Features
None
Roof
Composition

Financial

HOA Fee
$75
HOA Frequency
Annually
HOA Includes
Common Area Maintenance
HOA Name
500 Capitol Drive Condominium Association
Taxes
$980

Map

Community

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500 Capitol DR # 1
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