500 W 55th 1/2 ST In the heart of North Loop, one of Central Austin’s most vibrant neighborhoods, this property offers a rare opportunity that works just as well for investors as it does for someone looking to make it home. The location is the real draw, it’s extremely walkable, right on the bus line, and just minutes from Downtown, UT, and some of Austin’s most beloved shops and restaurants. From Epoch Coffee and Double Trouble to Nervous Charlie’s, Titaya, Foreign & Domestic, and More! The best of local dining and culture is just outside your door. The property includes two residences. The main home features an open living, dining, and kitchen space with a half bath on the first floor. Upstairs you’ll find four equal bedrooms and two full baths. This home also comes with four dedicated parking spots. The back house has its own open kitchen and living area with a half bath on the main level, plus two bedrooms and a full bath upstairs. Outside, it offers a private fenced yard and a two-car garage for secure parking. Both homes feature flex spaces for multiple use, stained concrete floors downstairs, wood-look flooring up, and no carpet. Each comes equipped with a washer/dryer, refrigerator, range, microwave, and dishwasher, that convey. Currently leased through July 2026, the property has a strong rental history with consistent occupancy and no breaks between tenants. Investors will appreciate the proven demand and proximity to UT shuttle and city bus routes. For an owner-occupant, the flexibility is unbeatable, live in one and rent the other, or create your own multi-home retreat right in the city. North Loop is known for its energy, character, and unbeatable central location. This property offers a rare mix of proven investment potential with consistent demand and a location that makes everyday living effortless. Whether you’re looking for your own private compound or to expand your portfolio, it’s an opportunity that stands out in the heart of North Loop.