One property. Endless potential. Unlock a rare opportunity in a prime South Austin location! 4509 Merle Street pairs an extensively renovated cottage with rare development and income potential. Set on a generous 0.28-acre lot, this property offers endless possibilities for a range of buyers - homeowners, investors, and developers alike. Live, build, or invest! First-time buyer? Own a charming, move-in-ready home under $500K just four miles from South Congress. Multi-generational living? The cleared rear portion of the lot offers potential for up to two additional dwelling units (ADUs), creating a private family compound. Investor or developer? Add ADUs for three income streams or condoize and sell multiple homes separately. The cottage: Built in 1953, this 1,164-square-foot, 3-bedroom, 1-bath home blends timeless character with modern upgrades. Original hardwood floors, curved archways, and a cozy banquette set the tone, while over $80,000 in improvements deliver peace of mind—updated plumbing, siding, windows, insulation, HVAC, water heater, front porch, and more (detailed list available). The bathroom was fully gutted, expanded and rebuilt in 2025, featuring custom tile, a natural wood vanity, marble countertops, and sleek matte black fixtures for a spa-like feel. The location: Tucked away on a quiet, tree-lined street, yet just minutes to South Congress, South Lamar, downtown, Central Market, and the airport. Opportunities like this don’t come around often in South Austin. Come see why this jewel is the perfect place to live, build, or invest! Check out the website for floorplan and survey - https://www.4509merle.com
Based on information submitted to the MLS GRID as of 2026-02-04 21:46:48 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Last Updated: . Source: ACTRIS
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Listing Agent: Mary Daniels (#649321), Phone: (512) 360-8764
Listing Office: Keller Williams Realty (#0991)
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