1505 Willow ST, Austin, TX 78702

Location, zoning, and opportunity – this East Austin gem checks all the boxes. Nestled just blocks from Rainey Street, Lady Bird Lake, and downtown, this early Craftsman bungalow sits in the heart of the red-hot E. Cesar Chavez neighborhood on a premium lot with alley access. Zoned SF3 and eligible for up to three units under the City of Austin’s new HOME Phase 2 ordinance, this property unlocks serious potential — whether you renovate the existing home, build new, or create a combo of primary residence, guest house, and income-producing unit. The alley access offers added flexibility for layout, parking, and private entry for future tenants or guests.Surrounded by vibrant culture and new development, you're just moments from local favorites like Launderette, Suerte, La Barbecue, Epoch Coffee, and Zilker Brewing Co. Plus, enjoy quick access to Zilker Park, the Moody Amphitheater, Palmer Events Center, and SOCO. With major projects like the 1515 Cesar Chavez mixed-use development nearby, the upside here is undeniable.Sold as-is with no survey available. Leaseback required while seller secures their next move. This is your chance to secure a prime slice of East Austin — bring your vision and make it yours!