$319,999

Property Overview

This 904-square-foot property on Oakgrove Avenue sits on over 6,400 square feet of land in central Austin, just 2.5 miles from the Texas Capitol Building. Built in 1930, the existing structure is sold as-is and requires significant work, but the location and lot size present substantial opportunity in an established neighborhood where surrounding homes command prices well above $700,000. The property offers developers, builders, and investors a rare chance to acquire prime Austin real estate at $319,999, with utilities already available to the site.

The generous lot and central location appeal to those envisioning either a comprehensive renovation or a full rebuild. The neighborhood's strong property values suggest considerable upside potential for the right buyer willing to undertake the necessary due diligence. Zoning verification, tree and topography surveys, and a full assessment of redevelopment potential will be essential steps in the evaluation process.

Vox Residential Insight

The Vox Residential team recognizes this as a strategic land-value play in one of Austin's most desirable central locations, where the lot itself has become the asset regardless of the structure's current state. For the investor or builder with vision, the nearby sales comps and proximity to downtown make this property's pricing compelling relative to what finished homes command in this established corridor.

Agent Description

Fix Up OR Tear Down! Central Austin Location Just 2.5 miles to TX Capitol Building! Property is vacant & being sold AS-IS for Lot value. Existing single-family structure is vacant and in poor condition. Neighboring homes valued at $700k+! Neighboring Lot Valued Over $500k! Current Home is not habitable and likely will require extensive renovation or full tear-down. Utilities available. No representations are made regarding condition. Buyer to verify zoning, utilities, and redevelopment potential. Buyer responsible for tree & topo survey , Ideal opportunity for builder, investor, or end buyer seeking an opportunity for investment, a custom new build or full renovation in an established Austin neighborhood. Strong upside potential. Priced to Sell! Seller is seeking clean, serious offers. Make An Offer TODAY!

Property Details

Listing data last updated: May 19, 2026

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