$379,000

Property Overview

This 1955 classic sits on a generous 7,623-square-foot lot in St. Johns, one of Austin's most accessible neighborhoods near central transit hubs. The three-bedroom, one-bath home features original hardwood floors that speak to its character, though it awaits the vision of a buyer ready to modernize. What sets 203 Odell Street apart is its expansion potential: the existing carport wraps into a screened patio structure with bones ready for conversion, while architectural plans for a new home with a rear ADU designed by Moore-Tate are available to the new owner. This flexibility transforms the property into a genuine development opportunity rather than a simple renovation project.

Current tenants provide income stability through November 2026, offering buyers a built-in runway to secure permits and finalize development plans without pressure. The Airport Boulevard Corridor location delivers connectivity to CapMetro transit and positions the property within St. Johns' rapidly evolving landscape of new dining and amenities. At $356 per square foot, this offering reflects the neighborhood's growing investment appeal while maintaining relative affordability compared to other central Austin locations.

Vox Residential Insight

The real value here lies in the entitlements and planning work already done—those Moore-Tate ADU plans are a significant advantage in a neighborhood where density and rental income make strong investment sense. Vox Residential sees this as an ideal entry point for builders and investors who understand the St. Johns trajectory and can execute on the clear development vision already laid out.

Agent Description

Location, Location, Location. This home is situated in the heart of Austin. Our State Capitol is only 5.7 miles away and UT is 4.3 miles away. Access to CapMetro Bus or Train is well within walking distance. Perfect opportunity for an investor or home owner who is ready to transform this lot into multi units. The home is a well loved 3/1 with original gorgeous wood floors. The carport/garage is finished out with screened patio and could possibly be expand the footprint. Owners were considering new build in 2020, plans for new home with ADU at the rear can be included in the sale (a Moore-Tate design). It's time for the owners to let the next family make their home here. Renters in place until November 2026. Allowing for time to get permits and make plans.

Neighborhood: St. Johns

This property is located in St. Johns, Austin, TX. The area is known for Affordable Near Central, Growing Investment, New Restaurants, Growth Potential, Airport Blvd Corridor.

At $356/sqft, this listing is priced near the St. Johns median of $356/sqft.

Property Details

Listing data last updated: July 16, 2026

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