$825,000

Property Overview

This 1928 Hyde Park home on Tom Green Street represents a rare infill development opportunity in one of Austin's most sought-after neighborhoods. The property sits on a substantial 6,046-square-foot lot in North University, where zoning overlays permit five-story multifamily construction with a density bonus allowing up to 70 feet in height. Developers benefit from generous building coverage allowances, forgiving setback requirements, and no FAR restrictions under the recently approved DB-ETOD overlay—making this an exceptionally flexible canvas for adaptive reuse or redevelopment. The existing 3-bedroom, 3-bath residence features solid concrete walls, double-paned windows, and a recently replaced membrane roof, providing a stable foundation during transition.

Located within the charming Hyde Park neighborhood, this Tom Green Street property offers proximity to the UT campus, tree-lined streets, and the area's vibrant local restaurant scene. The established community character attracts residents and investors alike, while the site's development potential appeals to multifamily builders seeking infill parcels in central Austin. At $494 per square foot, the pricing reflects the property's development upside rather than its current single-family status. All zoning interpretations and density bonus parameters should be confirmed directly with the City of Austin, as requirements continue to evolve.

Agent Description

Redevelopment opportunity in North University/Hyde Park neighborhood near UT. City allows single stair five story multifamily. Total lot is 6.048 SF and air rights are 51% of the total area of Unit 1 and Unit 2 per condo documents. Density Bonus allowing up to 70 feet in height, factoring compatibility and NCCD. Rare infill opportunity with no FAR, more forgiving compatibility setbacks, generous building coverage, and fewer setback requirements under the DB-ETOD zoning overlay recently approved. All information to be confirmed through the City of Austin. NCCD elements will apply, including one parking space per bedroom based on recent consultation with the City of Austin. Solid home with concrete walls, double paned windows added, and membrane roof replaced. Listing includes Unit 1 only totaling 6,048 SF.

Neighborhood: Hyde Park

This property is located in Hyde Park, Austin, TX. The area is known for Historic Victorian Homes, Strong Community, Local Restaurants, Tree-Lined Streets, Near UT Campus.

At $494/sqft, this listing is priced 17% above the Hyde Park median of $422/sqft.

Property Details

Listing data last updated: May 19, 2026

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