827 Gullett Street Austin, TX 78702

Two Detached Homes, One Lot. - www.827Gullett.com - Welcome to a truly unique offering in East Austin! This exceptional property features two separate houses on one expansive lot, providing unmatched flexibility for an owner-occupier, investor, or family looking for a compound. Enjoy the rare combination of a highly walkable, central location with the unexpected tranquility of being situated next to a quiet creek. This location is incredibly quiet yet minutes from everything!
The original front house was completely renovated in 2024 and features 2 bedrooms, 1 bath, a spacious living room with abundant natural light, a full primary bath, and a large utility room. A thoughtful approach to the renovation kept many of the original design details in place but with modern upgrades, like a new HVAC (replaced in 2023), new roof (replaced in 2024), water heater (2020), new electrical, and a Nest thermostat system. Currently, this home is generating $2,350 per month in rental income!
The second, rear house just finished its own renovation in fall 2025 and offers 2 bedrooms, 1 full bath, a utility room, and a combined dining/living area making it perfect for rental income or a private guest quarters.
The lot itself is large, with space for expansive gardens or even a pool. Mature trees offer shade in a beautiful natural setting. Plus, its prime location at the end of a street next to Boggy Creek gives the entire property unprecedented privacy. You are also mere minutes from Downtown Austin, Austin-Bergstrom airport (less than 10 minutes!), and all the renowned dining, entertainment, and cultural hot spots that make 78702 such a wonderful place to live. **Property in 500 yr floodplain, but insurance broker confirmed flood insurance is not required. See documents section. Current owner has never been required to carry flood insurance.