5302 Walnut Grove DR Austin, TX 78744

Offset your mortgage. Build equity faster. Live smarter.
Updated former 3 bedroom/2 bath model home in Franklin Park featuring a private 1+ bedroom garage apartment with its own entrance, kitchenette, and separate AC system — previously operated as a fully licensed, high-demand short-term rental generating $24,000+ per year over the past five years (with post-pandemic increases). Documentation available.
Live in the main house and let the apartment help pay your mortgage. Or create a private home office, long-term rental, guest suite, or multi-generational setup. The flexibility here is rare, especially with no HOA and a low 2.04% tax rate.
The main home offers spacious living areas, fresh paint, updated appliances (fridge, dishwasher, disposal within the last year), and major system upgrades including a 2019 roof, 2021 & 2018 HVAC systems with REME Halo Air Scrubber LED, and hardwired security with cameras, window/door sensors, and climate control via Alert360. Google Fiber modem installed. Bonus: the property shares a grid with the local fire station — electricity has remained connected during recent winter weather events
The yard is shaded by a professionally maintained century-old live oak in front and a vibrant red oak in back. Shed, playset, refrigerator, washer, and dryer can convey with acceptable offer.
Located in Southeast Austin's Franklin Park neighborhood where you can walk to the park, pool, library, restaurants, bus stop, and daily essentials. Just minutes to downtown and 7 miles to South & East Austin hotspots. Close to local favorites like Pinthouse Brewing, Independence Brewing Co., and Meanwhile Brewing Co., plus outdoor escapes like McKinney Falls State Park.
Rare versatility in a thriving Southeast Austin pocket. Smart buyers look for options. This property delivers.