Selected for the Terner Labs Housing Venture Lab

805 W 28 1/2 St, Austin, TX 78705

Active
Listed 2 days ago
Owner-Occupant Eligible
$1,050,000

About $4,421 a month to live here, after the rent from the other home.

Duplex2,256 sqft5 beds3 bathsListed Nov 13, 2026

A duplex. Live in one home and rent out the other. How it works

Live here for about

$4,421a month

The other home rents for $3,000. We hold back $585 of that for repairs and an empty month, and the rest goes toward a $6,836 monthly payment.

Income to qualify: about $164,000 a year

With how much down?

At 20% down ($210,000) and 5.6%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $145,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$36,750 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Set on a corner lot in the heart of West Campus, this charming property pairs classic Craftsman character with established rental income and five dedicated off-street parking spaces, a rare combination this close to the University of Texas. A covered front porch welcomes you to the main home where warm hardwood floors, a decorative fireplace and a spacious kitchen create an inviting sense of home. Two full bathrooms and a flexible layout feature four large bedrooms or three bedrooms plus a second living or flex space. The home is leased for $4,800 per month through July 31, 2027. Positioned behind the main house, Unit B offers a 652-square-foot, one-bedroom, one-bath loft-style apartment and is leased for $1,200 per month through April 30, 2027. Together, the residences generate $6,000 in current monthly gross scheduled rent. Five dedicated parking spaces provide one for each bedroom which is a standout convenience near campus. Truly, a car isn't needed though as the University of Texas, the Drag, restaurants, shopping, coffee shops, and entertainment are all within a short walk, bike, or scooter ride. Proximity to UT supports the property’s rental appeal with a history of pre-leasing well in advance. As West Campus evolves with development and new construction, this property offers the character and space of a stand-alone home alongside opportunities to explore its longer-term potential. For example, Austin’s HOME initiative may provide a path to add a third dwelling unit, potentially generating even more income. Whether retaining the existing residences or exploring future development options, bring your vision to this property where a compelling next chapter is ready to be explored. Buyer to independently verify development feasibility to their satisfaction.

Duplex

Property Type

6,534 sqft

Lot Size

1924

Year Built

Listing Date: 11/13/2026

Listed by: Sonya Cunningham

Listing office: eXp Realty, LLC

Contact: (512) 633-4619

Source: Unlock MLS #ACT4880653

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$1,050,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$1,050,000
Your Down Payment$210,000
Financed$840,000
Estimated Monthly Payment$6,836

Before rent: principal and interest at 5.6% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($210,000) and 5.6%, 30-year fixed. Your rate and down payment change this.

Current Rent
Estimated Monthly Payment (Before Rental Income)
$6,836/month
Principal + Interest
$4,822
Property Taxes
$1,607
Home Insurance
$407
Rental Income (1 Unit)
$3,000/month

From leases in place.

Rental Expenses
-$585
Cost to live here
$4,421/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

Unlock MLS logo

MLS# ACT4880653 · Listing office: eXp Realty, LLC

Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.