Property Overview

This 1920s East Austin residence at 2907 5th Street sits on a generously oversized 6,786-square-foot lot in one of Austin's most dynamic neighborhoods, presenting multiple development possibilities. The property's real value extends beyond the modest 652-square-foot home itself—the substantial lot, combined with SF-3-NP zoning, invites renovation, new construction, or potential redevelopment strategies. Currently generating month-to-month rental income, the property provides flexibility for investors evaluating their next move in this rapidly evolving corridor.

Located steps from cultural anchors like Plaza Saltillo, Lady Bird Lake, and Metz Park, this East Austin address places residents within walking distance of acclaimed breweries, beloved neighborhood institutions like Joe's Bakery, and the area's thriving restaurant scene. The location delivers convenient access to downtown Austin, public transit options, and major employment centers. For developers, a rare opportunity exists with the adjacent property at 2909 E 5th Street also available, enabling strategic site assembly in one of Austin's most sought-after neighborhoods.

East Austin's transformation into a hub for arts, diverse culture, and modern amenities makes this an increasingly scarce offering. Whether building generational wealth through long-term investment or pursuing development potential, 2907 5th Street positions the owner at the intersection of Austin's past and future.

Agent Description

Exceptional opportunity in the heart of East Austin, where walkability, growth, and development converge. Located at 2907E 5th Street, this oversized lot offers multiple paths forward—renovate the existing home, build new construction, or explore redevelopment options under current SF-3-NP zoning. The property is currently leased on a month-to-month basis, providing immediate rental income while future plans take shape. An added opportunity exists with the adjacent property at 2909 E 5th Street also available, allowing for a rare site assembly in a highly desirable East Austin corridor. The location is a true standout—just moments from Plaza Saltillo, Lady Bird Lake, Metz Park, Joe’s Bakery, Blue Owl Brewing, and a variety of local cafe's and neighborhood favorites. Easy access to downtown Austin, public transit, major employers, and everyday essentials makes this an ideal setting for development or long-term investment. Opportunities like this are increasingly rare in East Austin, offering flexibility, location, and upside in one of Austin’s most dynamic areas.

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 $690/sqft, this listing is priced 33% above the East Austin median of $519/sqft.

Property Details

Listing data last updated: March 25, 2026

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