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3116 Prado #1 and #2, Austin 78702

3116 Prado #1 and #2

$875,000 · 5 bd · 4 ba · 1,833 sq ft

From the listing

Luxury Live Auction! Bidding to start from $875,000.00! Owner/Agent. A rare East Austin find: two separate homes on one lot, just two houses off Tillery St and steps from a thriving neighborhood commercial district. Live in one and rent the other, run a home business, or hold both as investments. The options are wide open. Unit 1 was remodeled down to the studs in 2019 and has since operated mostly as a monthly Airbnb rental. This 3-bed, 2-bath craftsman/mid-century home includes a suite with its own private exterior entrance plus hall access to the rest of the house. Unit 2 is brand-new construction with its certificate of occupancy just issued. It has two entrances, one to the main floor and one to the upstairs suite, and a hallway door lets the two floors be closed off from each other. That makes it ideal for guests, rental income, or flexible living. An insulated, extra-deep garage with an EV charger rounds it out. Each home has its own driveway and parking, which is hard to find in East Austin. The units have separate utilities and are set up for potential condo conversion, though the owner prefers to sell to a single buyer. All work to date was permitted through the City of Austin. Previously permitted plans, now expired, show an expansion and floor plan rework for Unit 1 and a future two-story third unit behind it.

The description is the listing brokerage’s, reproduced from the MLS. Listed by Keller Williams Realty.

The ZIP

Everything that is not in the listing, from the creeks to the schools to who the area is wrong for, is on the 78702 page. Everything else for sale there today is on its market page.

A private viewing

Tell me when works and I will confirm directly.

Luke Allen

Licensed Texas REALTOR, License #788149

254-718-2567luke@austinmdg.com
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Based on information submitted to the MLS GRID as of October 8, 2026 at 11:36 PM CDT. All data obtained from various sources and may not have been verified by broker or MLS GRID.

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Alex Bartram, Designated Broker, TREC License #615893

Austin Marketing + Development Group LLC, TREC License #9014959

1401 West Ave Ste B, Austin, TX 78701

Luke Allen, Licensed Texas REALTOR, License #788149

Equal Housing Opportunity

lukeallenaustin.com