




$769,000
2502 Colby Cv, Austin, TX, 78723
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About this property
As-is sale on a giant lot in University Hills! Investor/developer special-- tons of opportunity and options for upcycling this property! Unique property with a single family home + an apartment built onto the back of it with its own kitchen, bath, living, bedroom, walk-in closet, HVAC, electric meter, etc. Fix & flip for generational living, a built in STR opportunity, or potentially put the property into a condo association & flip into two units for resale. OR teardown to rebuild in one of East Austin's most iconic neighborhoods. There could be potential to add a third dwelling unit, but buyer to verify. This home is in an estate--the executor has no knowledge of property condition other than what is visible. Shed does not convey.
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Learn About the Market: Opportunity in Austin




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Austin
Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.
From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.
Population Growth
~0.4%
Net Migration
Positive
Median Home Price
$555,300
Unemployment Rate
3.20%
Price Trend
~0.4% YoY growth
New Permits
2,269 units
City: Austin
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