$360,000

Property Overview

This 1951 craftsman on Leslie Avenue sits on nearly 7,000 square feet of prime East Austin real estate, offering a rare combination of immediate livability and substantial development potential. The existing home showcases classic period details including oak hardwood floors and abundant natural light, anchored by a welcoming family room that serves as the home's central gathering space. Recent renovations have addressed major systems, while the updated kitchen features white cabinetry and an eat-in dining area, plus a refreshed bathroom with shower-tub combination across three bedrooms.

The property's true advantage lies in its positioning within East Austin's rapidly evolving landscape. The generous lot size and Austin's HOME initiative create meaningful opportunities for expansion, renovation, or redevelopment—a flexibility that savvy investors and owner-occupants alike recognize as increasingly rare in this neighborhood. At $343 per square foot, this represents solid value for a move-in ready property with bones worth keeping and land with significant upside potential in one of Austin's most dynamic corridors.

Vox Residential Insight

The Leslie Avenue location positions this property at an inflection point in East Austin's development cycle, where the gap between land value and existing structure creates genuine optionality for different buyer profiles. At Vox Residential, we're tracking how Austin's HOME initiative is reshaping the feasibility calculus here, and this property's lot size makes it a legitimate candidate for the multi-unit conversions already taking shape on comparable blocks.

Agent Description

Charming craftsman-style home situated on a large lot in the heart of booming East Austin, offering incredible flexibility for homeowners, investors, or developers alike. Whether you choose to enjoy the existing home, renovate and expand, or redevelop the property, the possibilities are abundant. Many neighboring properties have already been transformed into multiple-unit developments and with Austin’s new HOME initiative, there may be potential to build up to three units if development requirements are met. The home itself is full of character and warmth, featuring oak hardwood floors, warm natural light and recent renovations where much of the heavy lifting has been completed. The family room serves as the heart of the home, creating the perfect gathering space for family and friends. There are three bedrooms and an updated bathroom with a shower/tub combination. The recently renovated kitchen features white cabinetry, vinyl flooring and an eat-in dining area. Additional improvements include a newer roof, electrical upgrades, PVC drain lines & durable vinyl siding. Outside, the expansive backyard offers covered patio space, light tree cover for privacy, and endless room to entertain, garden, or expand. The refrigerator and two storage sheds, including a Morgan brand shed, convey. The location is truly exceptional! Walk to buzz-worthy local favorites like Palomino Coffee and the Michelin-star-rated Micklethwait Craft Meats. Enjoy nearby outdoor destinations including Springdale Neighborhood Park, Givens District Park, and the public Morris Williams Golf Course. Just minutes from Mueller, you’ll have easy access to popular restaurants, entertainment, the Thinkery, nightlife and the beloved Farmer’s market. With close proximity to downtown Austin and all the energy, culture, and entertainment the city has to offer, this property presents a rare opportunity to own a charming home with tremendous upside in one of Austin’s most desirable and rapidly evolving areas.

Property Details

Listing data last updated: May 19, 2026

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