1605 Chelsea Ln # 1 & 2 Austin, TX $ 3,450,000
1605 Chelsea Ln # 1 & 2
$ 3,450,000
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Open House 3/7 12pm - 2pm
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1605 Chelsea Ln # 1 & 2

Austin, TX, 78704
$ 3,450,000
Baths0.0 Sq 4,400

Monthly Estimate*

$ 21,242

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Studio

Multi-Family Home for sale in Austin, TX

for $3,450,000. This 4,400 square foot home was built in 2018 on a lot size of 0.272.

Positioned just steps from the energy of South Congress, this exceptional Travis Heights property is not just a home — it’s a proven, high-performing investment opportunity operating as an active Airbnb with two fully independent units and two private pools. Designed by award-winning architect Davey McEathron, the front residence offers striking contemporary design paired with strong rental appeal. The 5-bedroom main home features soaring ceilings, walls of glass, warm wood floors, and seamless indoor-outdoor flow that today’s guests and luxury renters seek. A rooftop deck and private backyard pool create a true resort-style experience, while the spacious upstairs flex space adds versatility for larger groups. Premium upgrades — including a whole-house generator, motorized shades, retractable awning, and EV charger — enhance both guest comfort and long-term asset value. The detached 2-bedroom, approximately 1,100-square-foot back house is its own standalone income-producing unit, complete with a private pool and rooftop deck. Thoughtfully designed for privacy and style, it offers an ideal setup for maximizing short-term rental revenue, hosting extended stays, or providing an owner’s lock-and-leave retreat while continuing to generate income from the primary residence. With two distinct units, two pools, multiple rooftop decks, and a coveted location in one of Austin’s most walkable neighborhoods, this property delivers rare flexibility: operate both as short-term rentals, live in one and lease the other, or create a multi-generational compound. Just moments from parks, trails, and the dining and nightlife of South Congress, this is an extraordinary opportunity to own a turnkey, income-producing asset in an A+ location.

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Open House

3/7/2026 12:00 PM - 2:00 PM
1605 Chelsea Ln # 1 & 2 Austin, TX
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 3,450,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 70,725

Style

Duplex

Lot Size

0.272

Year Built

2018

Town/City

Austin

County/Region

Travis

MLS | Web ID

4520523

Features
General
Living Area 4400
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Available High Speed Internet Natural Gas Available
Roof Metal
Appliances Built-In Oven(s) Gas Cooktop Dishwasher Disposal Microwave Double Oven Stainless Steel Appliance(s)
Garage Spaces 3
Patio/Porch Features Covered Deck Patio
Pool Features In Ground
Construction Materials Wood Siding Stucco
Pets Allowed Negotiable
Year Built 2018
View None
Levels Two
Unit Number 1 & 2
Property Subtype Duplex
Tax Year 2025
Waterfront Features None
Community Features Curbs Dog Park Park Playground Sidewalks Trail(s)
Accessibility None
County Travis
New Construction N
Property Type Residential Income
HOA N
Energy Efficient None
Subdivision Name Travis Heights
Facing Direction West
Green Sustainability None
Other Structures Guest House
Status Active
Directions From I35 west on Woodland Ave and immediate first right on Chelsea. House on right.
High School Travis
City Austin
Disclosures Seller Disclosure
MLS Area 6
Lot Size Square Feet 11848.32
Elementary School Travis Hts
Middle/Junior High School Lively
Property Condition Resale
Builder Name Urban ATX
Standard Status Active
Year Built Source Builder
Tax Assessed Value 2135830
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Interior
Interior Amenities Breakfast Bar Built-in Features Ceiling Fan(s) Ceiling-High Eat-in Kitchen Entrance Foyer Interior Steps Multiple Living Areas Pantry Primary Bedroom on Main Recessed Lighting Track Lighting Walk-In
Flooring No Carpet Tile Wood
Total Fireplaces 0
Window Features Skylight(s) Window Coverings
Total Bedrooms 0
Total Baths 0
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Exterior
Exterior Amenities Balcony Electric Car Plug-in Private Yard
Fencing Fenced Privacy Wood
Parking Features Attached Garage Garage Door Opener Garage Faces Side
Lot Features Curbs Interior Lot Level Trees-Large (Over 40 Ft) Xeriscape
Water Source Public
Foundation Details Slab
Lot Size Acres 0.272
Waterfront Y/N N
Covered Spaces 3
Other Equipment None
Horse Y/N N
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Internal Only
Street Number 1 1605
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* Excluded Features
List By
Kelly Ilse

Listing Agent

Compass Re Texas, Llc

Broker

kilse@compass.com

Email

Affordability Calculator

$27,136
Per Month
78%
22%
0%
Monthly Principal & Interest
$21,242
Monthly Property Taxes
$5,894
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4360179 Elementary School
4360250 Middle School
Travis High School High School
Pricing History
DatePricePrice ChangeDescription
3/3/2026$3,450,000 Listed Price

Map


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1605 Chelsea Ln # 1 & 2, Austin, TX, 78704 is a Multi-Family Home for sale at $3,450,000 with 4,400 sqft and a lot size of 0.272. 1605 Chelsea Ln # 1 & 2 is a studio with 0.0 baths and was built in 2018. The property's zip code is 78704 which is in Austin, TX