A Hyde Park-area home where the backyard pays part of your mortgage. The detached guest house at 307 E 35th St generates $1,500/month, with the same reliable tenant for seven years, while you live in an original 1922 Craftsman on one of North University’s prettiest tree-lined streets. That’s $18,000 a year in income, walking distance to UT, Hancock Golf Course, Hyde Park Bar & Grill, and First Light Books, minutes from Downtown and Mueller.

The main house is a 2-bedroom, 1-bath with original hardwoods, high ceilings, a fireplace, and the kind of Craftsman detail you cannot buy new. It’s priced for its condition: the bones and character are here, and it’s ready for your updates. Bring your vision and build equity in a neighborhood where renovated homes command significantly more. The guest house (kitchenette, full bath, lofted sleeping area) has private alley access and its own off-street parking.

Though titled as a condominium, this is a fully detached home with no shared walls, a private fenced backyard, and no HOA fees. Owner-occupy the whole property, house-hack with the guest house income, or hold both as rentals. Three ways to win in one of Austin’s most enduring neighborhoods.