$420,000

Property Overview

Situated on a generous .18-acre lot in the heart of East Austin's 78702 zip code, 3303 Thompson St presents a rare opportunity for builders and homeowners alike. This SF-3 zoned property offers flexibility for development under Austin's HOME Initiative, allowing up to three units on the level lot with no tree obstructions in the primary building footprint. The existing 1964 cottage provides immediate shelter while you envision the home's next chapter, whether through thoughtful renovation or new construction on this premium Eastside canvas.

The location defines the draw. Steps from Justine's Brasserie, De Nada Cantina, and Flitch Coffee, residents enjoy walkable access to East Austin's most vibrant dining and coffee scene. Govalle Park and the Southern Walnut Creek Trail are within easy reach for outdoor enthusiasts, while the neighborhood's creative energy and established character continue to shape Austin's cultural landscape. At $425 per square foot, this entry point into 78702 reflects the value-conscious developer and the buyer ready to claim their piece of Austin's most energetic district.

Vox Residential Insight

The Vox Residential team recognizes this property's true value lies not in what exists, but in what the lot enables—whether that's a high-end modern rebuild or a smart multi-unit development play in one of Austin's most sought neighborhoods. The HOME Initiative zoning combined with the clear building envelope makes this a standout for both owner-occupants and investors tracking East Austin's continued evolution.

Agent Description

Premier 78702 Opportunity | SF-3 Lot | Walk to Justine’s & De Nada | No Tree Obstructions Experience the best of East Austin at 3303 Thompson St. This ~.18-acre level lot is the ultimate "tweener": a perfect canvas for a high-end modern build or a savvy renovation for those seeking an entry-level home in Austin’s most energetic zip code. The Location: You are steps away from the heart of the Eastside. Bike to Justine’s Brasserie for steak frites, grab a frozen margarita at De Nada Cantina, or start your morning at Flitch Coffee and Tillery Kitchen. With Govalle Park and the Southern Walnut Creek Trail nearby, the lifestyle here is unmatched. The Development Edge: Zoned SF-3 and primed for Austin’s HOME Initiative (up to 3 units). While the lot features two stunning Heritage Trees providing natural character and shade, they are situated outside the primary building window. The Modern Cottage: The existing 3-bed structure offers a solid foundation for a creative remodel or an "add-on" project to preserve the neighborhood's soul while building equity. Two seller-constructed outbuildings provide room to work on crafts or digitally - see disclosures. A quiet, tree-lined street make this a rare find. Sold AS-IS. Buyer to confirm all information.

Property Details

Listing data last updated: May 19, 2026

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