INVESTMENT OPPORTUNITY IN EAST AUSTIN! Located in the desirable Delwood/Cherrywood area, 1401 Kirkwood Rd offers the rare opportunity to own a two-unit residential income property in one of Austin’s established and convenient neighborhoods. This charming duplex sits on a spacious corner lot with alley access and mature trees, offering both character and excellent potential for an investor or owner-occupant looking to offset their housing costs. Built in 1948, the property features two separate residential units, each offering a functional 2-bedroom, 1-bath floor plan. Original character blends with everyday functionality, including wood flooring, tile accents, and comfortable living spaces. The property’s two-unit configuration provides flexibility for long-term rental income, multi-generational living, or an owner-occupant to live in one unit while leasing the other. Conveniently positioned near the heart of East Austin, this property provides easy access to downtown, major roadways, local dining, shopping, entertainment, and the many amenities that make this area such a sought-after place to live. The large corner lot, alley access, mature trees, and established neighborhood setting add to the appeal. Whether you’re expanding your rental portfolio or looking for a property that can help generate income while you build equity, 1401 Kirkwood Rd presents an excellent opportunity in a highly desirable Austin location. Two units. One great investment. Endless possibilities.
Cherrywood, located between Airport Boulevard and IH-35, is a residential and artsy Austin neighborhood with mid-century ranch homes and leafy pocket parks. The neighborhood’s character concentrates around the Manor Rd and Cherrywood Rd corridor, where patios, coffee windows, and late-night bites keep the sidewalks active. Salty Sow and Haymaker serve as local pillars for food-and-drink culture, while the nearby Mueller Lake Park adds a polished outdoor counterpoint. Streets mix tidy bungalows with newer infill, giving blocks a layered, lived-in look. Bike lanes and short blocks connect to Manor Road’s dining strip and the Mueller district’s trails. The pace feels relaxed on side streets, then more kinetic along Manor Road after dark.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Bedrooms
4 bedrooms total, with 2 in each unit
Bathrooms
2 full bathrooms total, with 1 in each unit
Kitchen
Free-standing gas range, refrigerator
Laundry & utility
Common-area laundry
Flooring
Tile, wood
Heating & cooling
Central heating
Central air conditioning
Ceiling fans
Exterior features
Balcony
Front porch
Large trees
Alley access
Home design
Two stories
Faces northeast
Parking
Carport
Security
Smoke detectors
Construction
Stucco construction
Composition roof
Slab foundation
Utilities
Public water
Public sewer
Financial info
Two units
Total actual rent of $3,500
Both units are leased
Electricity and solar
View estimated energy costs and solar savings for this home
* * * MULTIPLE OFFERS RECEIVED - HIGHEST AND BEST DEADLINE: 6PM, TUESDAY APRIL 7th * * * Rare opportunity to own this amazing duplex in Cherrywood. Situated on a large corner lot with alley access and beautiful mature trees. Updated windows, Central Heat & Air, hardwood floors, two covered parking spaces. The upstairs unit has two balconies. These great multi-family properties in this charming little pocket of East Austin don't come available often. * * SHOWINGS my appointment Sunday April 5th, 12-4pm ONLY * * Restrictions: Yes
Public Records
Mar 27, 1968
Sold
*
Year
Property tax
Land + Additions
Assessment*
2026
$8,089 (−26.0%)
$231,103 + $164,165
$395,268
2025
$10,934 (−8.5%)
$359,493 + $174,799
$534,292
2024
$11,951 (−4.0%)
$425,000 + $178,032
$603,032
2023
$12,452 (−11.3%)
$425,000 + $263,244
$688,244
2022
$14,045 (+52.1%)
$425,000 + $286,166
$711,166
2021
$9,237 (+7.7%)
$275,000 + $149,352
$424,352
2020
$8,573 (+3.8%)
$275,000 + $110,000
$385,000
2019
$8,258 (−13.8%)
$275,000 + $110,000
$385,000
2018
$9,577 (+31.5%)
$250,000 + $76,618
$326,618
2017
$7,284 (−13.2%)
$200,000 + $176,180
$376,180
2016
$8,389 (+2.8%)
$250,000 + $76,618
$326,618
2014
$8,158 (+33.0%)
$125,000 + $217,827
$342,827
2013
$6,132 (+1.8%)
$125,000 + $217,827
$342,827
2012
$6,022 (+2.3%)
$125,000 + $123,960
$248,960
2011
$5,888 (−3.3%)
2010
$6,089
2009
$6,089
Public record
Public record
Zoning
Permits
Beds
—
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
7,514 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,850
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,850
Year built
1948
Style
Multi-Family (2-4 Unit)
County
Travis County
APN
210750
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 22, 2026.
SF-3
NRHD
Family Residence District
Family residence (SF-3) district is the designation for a moderate density single-family residential use and a duplex use on a lot that is a minimum of 5,750 sq ft. An SF-3 district designation may be applied to a use in an existing single-family neighborhood with moderate sized lots or to new development of family housing on lots that are 5,750 sq ft or more. A duplex use that is designated as an SF-3 district is subject to development standards that maintain single-family neighborhood characteristics.
Zone overlays
Permitted uses
Include but are not limited to:
Agriculture-Other
Assembly/ meeting place
Garden center
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Bed & breakfast
Educational/school
Communications tower
Jan 6, 1998 • Final
Electrical
Upgrade the electrical service for units A and B.
Electrical
Remodel
Jan 6, 1998 • Final
Mechanical
Upgrade the electrical service for units A and B.
Electrical
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
7 days above 108° expected this year, 20 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Austin, TX • 78722
Average low and high temperatures (°F)
60
40
70
48
81
58
82
64
87
67
93
76
94
76
97
76
93
71
89
65
78
55
68
49
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.4 hours in
June and 4.9 hours in December, which is comparable to the
U.S. average for solar exposure.
9.4 hrs
4.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1401 Kirkwood Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently listed between $650,000 and $975,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $650K to $975K.