$2,300,000

Property Overview

Three adjacent properties spanning 205, 207, and 209 Woodward Street present a significant development opportunity in Austin's sought-after 78704 zip code. Positioned just a tenth of a mile from South Congress Avenue and directly across from St. Edward's University, this 0.72-acre assemblage currently operates as income-producing rental homes while offering transformative redevelopment potential for up to nine townhome units. The strategic location provides immediate proximity to the vibrant St. Elmo Arts District, easy access to Downtown Austin, and direct connectivity to I-35 and Highway 290.

The three existing single-family homes—ranging from 1,085 to 1,599 square feet across individual lots of approximately 9,842 to 11,614 square feet—deliver positive cash flow as-is for investors prioritizing near-term returns. However, the true value lies in the property's land density and zoning flexibility within this increasingly desirable neighborhood. With St. Edward's University's growing presence and continued South Congress revitalization, the corridor along Woodward Street represents one of Austin's most compelling urban infill prospects. This is the type of portfolio asset that appeals to both stabilized-income investors and forward-thinking developers positioning for Austin's sustained demand.

Vox Residential Insight

This triple-lot assemblage is exceptionally rare in South Austin's inventory, and the South Congress proximity combined with St. Edward's proximity creates a unique demographic appeal that most Austin developers won't see again soon in this price range. The Vox Residential team recognizes this as a strategic hold for patient capital or an immediate execution opportunity for the right development partner.

Agent Description

205, 207, 209 Woodward Street offers a rare townhome development opportunity in 78704, with approximately 0.72 acres directly across from St. Edward’s University. Currently three (3) adjacent lots, with three (3) single family homes, the property generates utility as-is while providing exceptional redevelopment potential for up to nine (9) units. Its excellent location - just 0.1 miles off of South Congress Avenue, delivers immediate connectivity to Downtown Austin, the St. Elmo Art’s District, and immediate connectivity to the I-35, and 290 arteries. - 205 Woodward Street | 9,842 SF Lot | 1,599 SF Home - 207 Woodward Street | 11,614 SF Lot | 1,580 SF Home - 209 Woodward Street | 9,912 SF Lot | 1,085 SF Home

Property Details

Listing data last updated: May 19, 2026

Frequently Asked Questions