408 W 33rd St, Austin, TX 78705

Incredible Investment Opportunity in Historic Aldridge Place Step into a piece of Austin history with this rare 1932-built multi-family gem, nestled in the heart of Aldridge Place—one of the city's most beloved and storied neighborhoods. For nearly a century, this timeless residence has served generations of University of Texas students, its walls echoing decades of academic ambition and Austin culture. Sitting on a generous quarter-acre lot in North UT Campus, the property features a stately four-story main house configured as two spacious, character-rich units. Unit B spans two stories with 4–5 bedrooms and 3 full bathrooms, while the other (Unit A) offers 3 bedrooms and 1.5 bathrooms—ideal for student housing, co-living, or long-term rentals. A standout feature is the oversized Unit C, accessed via West 34th Street, which includes three flexible bedroom/living spaces and 3 full bathrooms—presenting a unique opportunity for additional rental income or private guest quarters. Whether you're an investor looking to renovate and maximize rental returns, or a visionary homeowner seeking to transform this historic structure into a grand single-family residence with a separate guest home in the rear, the potential here is as expansive as the lot itself. Sold as-is, with rental and maintenance history available. Bring your imagination—and be part of the next chapter in this icon.