3201 Kay St East Austin Unicorn Listing in the Heart of the 02! More than a home, this property comes with possibility! Set on a generous corner lot, this East Austin property delivers the kind of flexibility that's becoming harder to find. Whether you're bringing generations together under one roof, creating space for long-term guests, or offsetting your mortgage with rental income, this property opens the door to possibilities. The main home offers three bedrooms, a full bath, an updated kitchen with granite countertops and stainless steel appliances, plus two comfortable living areas. Upstairs you will find a one-bedroom apartment with its own private entrance, kitchen, living room, bedroom, and full bath, making it feel like an entirely separate residence. A door between the apartment and main house provides the ultimate in flexibility. The backyard keeps the versatility going with a vintage Avion trailer complete with electricity, a kitchenette, and a bathroom. Two detached sheds are also included, providing you with space for creative projects, storage, or workshop space. Fresh interior and exterior paint, updated windows, roof, HVAC and updated fixtures throughout mean the major updates are already behind you. The 7, 536-square-foot SF-3 zoned lot offers even more upside with room to explore a future ADU or additional improvements (buyer to verify). And when you're not taking advantage of all that flexibility at home, you're living in one of Austin's most beloved neighborhoods. Walk, bike, or scoot to neighborhood coffee shops, breweries, restaurants, live music, and local favorites. Downtown is just two miles away, but the East Side's creative energy, community feel, and unmistakable Austin character are right outside your front door. There's also a greenspace right across Tillery with walking trails for when you need to get some fresh air. Rarely does a property offer this much adaptability in one of Austin's most sought-after areas. Schedule your tour today!