5408 Downs DR A versatile East Austin gem with a 3-bed, 2.5 bath main house and 2-bed, 2-bath guest house, this property is perfect for multigenerational living, rental income, or a hybrid investment. The main house features an open-concept floor plan filled with natural light. Built in 2006 and recently refreshed with interior paint and updated flooring, the main home includes a spacious kitchen with bar seating, stainless steel appliances, and stylish backsplash and fixtures. Upstairs, the primary suite offers a walk-in closet and ensuite bath, while two generously sized secondary bedrooms share a full bath off the hallway. The private backyard is fully fenced and separate from the guest house, ideal for entertaining or relaxing. Completed in 2025, the detached 2-bed, 2-bath guest house/casita provides exceptional flexibility. The main level features an open living area, a modern kitchen with quartz countertops and stainless steel appliances, a full bath, and a bedroom perfect for guests or a home office. Upstairs, a private primary suite offers a walk-in closet and an ensuite bath with a double vanity. Each home lives completely independently, making this a standout opportunity for short- or long-term rental income or extended family living. Ideally located in a dynamic, fast-growing pocket of East Austin, just minutes from Mueller, Norman-Sims Elementary, local parks, shopping, and dining, and with quick access to downtown Austin in under 15 minutes. With no HOA and unmatched functionality, this is a rare find for investors and homeowners alike.