4509 Merle Dr, Austin, TX 78745
Local realty services provided by:Better Homes and Gardens Real Estate Hometown
Listed by: mary daniels
Office: keller williams realty
MLS#:4475028
Source:ACTRIS
Price summary
- Price:$465,000
- Price per sq. ft.:$399.48
About this home
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
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Home facts
- Year built:1953
- Listing ID #:4475028
- Updated:February 12, 2026 at 05:28 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Living area:1,164 sq. ft.
Heating and cooling
- Cooling:Central
- Heating:Central
Structure and exterior
- Roof:Composition
- Year built:1953
- Building area:1,164 sq. ft.
Schools
- High school:Crockett
- Elementary school:Joslin
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$465,000
- Price per sq. ft.:$399.48
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