$399,000

Property Overview

This oversized SF-3-NP zoned lot on East Austin's vibrant 5th Street presents a rare canvas for visionary investors and developers. At nearly 6,800 square feet, the property transcends the constraints of its modest 1920s home, inviting possibilities that range from thoughtful renovation to multi-unit development or complete reimagining. Current month-to-month rental income provides immediate cash flow while you strategize, removing pressure from the execution timeline.

The location pulses with cultural energy and economic momentum. Walk to Plaza Saltillo's dining renaissance, explore the neighborhood's thriving brewery scene, or access Lady Bird Lake and downtown within minutes. The adjacent parcel at 2909 5th Street is also available, enabling developers to assemble two contiguous lots and amplify project potential in one of Austin's most transformative corridors. This corner of East Austin balances established character with forward momentum, attracting both longtime residents and new arrivals drawn to the neighborhood's authenticity and growth trajectory.

At $612 per square foot, the asking price reflects the land value and development upside rather than the existing structure alone. Public transit connections and proximity to major employment centers enhance the site's appeal for mixed-use or multifamily concepts.

Vox Residential Insight

The Vox Residential team recognizes this as a classic land-play opportunity in East Austin's ongoing renaissance, where SF-3-NP zoning unlocks flexibility that single-family-zoned properties simply cannot match. With the sister lot next door also on the market, savvy developers have a rare chance to control a meaningful footprint on one of the neighborhood's highest-traffic corridors before assembly becomes prohibitively expensive.

Agent Description

Unlock the potential of one of East Austin's most exciting redevelopment opportunities. Situated on an oversized SF-3-NP zoned lot at 2907 E 5th Street, this property offers incredible flexibility to renovate the existing home, build multiple units, or capitalize on the area's continued growth with a new development project. The home is currently leased on a month-to-month basis, providing immediate rental income while you plan your next move. An even rarer opportunity awaits with the adjacent property at 2909 E 5th Street, also available for purchase, creating the potential to assemble two side-by-side lots in one of Austin's most desirable urban neighborhoods. Enjoy an unbeatable location just minutes from downtown Austin, Plaza Saltillo, Lady Bird Lake, Metz Park, popular restaurants, neighborhood cafes, breweries, shopping, entertainment, public transit, and major employers. Whether you're an investor, builder, or developer, opportunities like this are becoming increasingly difficult to find, making this a rare chance to secure a prime piece of East Austin with exceptional redevelopment potential and long-term upside.

Neighborhood: East Austin

This property is located in East Austin, Austin, TX. The area is known for Thriving Arts Scene, Top Restaurants & Breweries, Historic Homes, Modern New Construction, Cultural Diversity.

At $612/sqft, this listing is priced 21% above the East Austin median of $506/sqft.

Property Details

Listing data last updated: July 16, 2026

Frequently Asked Questions