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Tucked beneath a canopy of mature trees in the heart of Delwood, 1500 Kirkwood Drive offers the rare opportunity to own an updated, income-producing duplex in one of Austin’s most iconic neighborhoods. With its timeless curb appeal, hardwood floors, and unbeatable location, this property is the perfect blend of classic charm and smart investment.
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Tucked beneath a canopy of mature trees in the heart of Delwood, 1500 Kirkwood Drive offers the rare opportunity to own an updated, income-producing duplex in one of Austin’s most iconic neighborhoods. With its timeless curb appeal, hardwood floors, and unbeatable location, this property is the perfect blend of classic charm and smart investment.
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2 units: Each 2 bed / 1 bath
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Total rent: $3,200/month
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Lot size: 8,385 sq ft
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Year built: 1948
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Updated interiors with original hardwoods and modern ductless HVAC
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Pet-friendly and tenant friendly
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Located in Delwood, just blocks from Mueller, UT, and downtown
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Zoned: SF-3-NP
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Check out pictures and details here
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This duplex sits on a flat, oversized lot with a 15-foot rear access easement (alley) offering unique access or development potential. Whether you're looking for a house-hack, long-term rental, or 1031 exchange, this is a strategic and versatile asset in Austin’s thriving East Side.
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Map it here → 1500 Kirkwood Dr, Austin TX 78722
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Future Development Potential
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Thanks to the City of Austin's newly adopted HOME (Home Options for Middle-income Empowerment) Ordinance, this property may qualify for the construction of a third unit in the backyard. With over 8,300 square feet of land and alley access, the lot layout is ideal for maximizing this opportunity.
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This new zoning ordinance aims to expand housing options and allows up to three units on most residential lots. It's an exciting chance to increase the rental yield or explore multigenerational living arrangements right in the heart of Central Austin.
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Learn more about the ordinance here: Austin HOME Initiative Overview
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About the Delwood Neighborhood
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Delwood is one of East Austin’s most beloved residential pockets. Developed in the post-WWII era, it's known for mid-century architecture, walkable streets, and a friendly, tight-knit community. Homes here rarely hit the market — and when they do, they move fast.
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Located just east of I-35 and 38½ Street, Delwood offers unmatched access to:
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Downtown Austin – under 10 minutes away
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Mueller District – home to green space, H-E-B, Alamo Drafthouse, and more… just a quick walk away.
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University of Texas – a short bike ride or quick drive
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Local Amenities & Lifestyle
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Whether you're an investor or future occupant, the lifestyle around Kirkwood is second to none:
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Coffee & Breakfast
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Restaurants
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Shopping & Groceries
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Parks & Green Spaces
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Schools
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Zoned to Austin ISD and some of the most desirable schools in the city:
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Development & Value Outlook
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With the I-35 Capital Express Central Project underway, mobility improvements and infrastructure upgrades will further enhance access and long-term value in East Austin. Kirkwood sits on the quieter, neighborhood-facing side of the action — close enough to benefit, far enough to feel removed.
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The Bottom Line
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This duplex at 1500 Kirkwood Drive offers versatility, location, and charm in a market where all three are hard to come by. With strong rent history, appealing design, and walkability to the best of East Austin, this is a rare find. Check out pictures and details here.
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Learn More + Schedule a Showing
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This property qualifies for our exclusive Byrne Buyer Guarantee and buyer savings programs. Call/text 512-942-7880 or email offers@byrne-austin.com to set up a showing or get more information on buyer incentives.
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Map it here → 1500 Kirkwood Dr, Austin TX 78722
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