Rare opportunity to own a charming duplex in the heart of Austin's highly desirable Zilker neighborhood. Situated on a 0.156-acre lot just moments from South Lamar, Barton Springs, Zilker Park, and Downtown Austin, this property offers an exceptional combination of current income potential, owner-occupant flexibility, and long-term redevelopment value. Built in 1963 and thoughtfully maintained over the years, the property features a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit totaling 1,380 square feet. Each residence enjoys its own private fenced yard, creating a rare sense of privacy and outdoor living not often found in multifamily properties. Covered off-street parking adds convenience for residents and guests alike. The property's prime location places some of Austin's most beloved restaurants, coffee shops, parks, trails, and entertainment destinations within easy reach, offering the highly sought-after walkable lifestyle that continues to drive demand in the 78704 market. Whether you're seeking an investment property, an owner-occupant opportunity with supplemental rental income, or a future redevelopment site, this property offers exceptional versatility. With strong underlying land value and a premier location in one of Austin's most established neighborhoods, 1717 Bluebonnet presents a compelling opportunity to own real estate in the heart of Central Austin. *Roof replaced in August 2026*