$219,000

Property Overview

Rare infill opportunity on a sprawling 7,030 square foot lot in East Austin's rapidly transforming Riverside corridor. This 1947 single-family structure sits on land zoned to accommodate multiple structures, positioning savvy investors and developers to capitalize on one of Austin TX's most dynamic neighborhoods. Located just eight minutes from the airport and under fifteen minutes from downtown, the property provides immediate proximity to the new 65,000 square foot music venue, approved light rail infrastructure, and East Austin's thriving restaurant scene that rivals the Domain in vitality.

The existing home requires significant rehabilitation and is sold as-is, but the real value lies in the land and strategic positioning. Walking distance to IDEA Charter and a public elementary school anchors the area's growing residential appeal, while nearby hike and bike trails offer lifestyle amenities. At $248 per square foot, this represents compelling acquisition pricing for those envisioning mixed-use or multifamily development on a lot with genuine redevelopment potential in an increasingly sought-after urban corridor.

Vox Residential Insight

From Vox Residential's perspective, this Vargas Road property exemplifies the investment thesis driving East Austin's evolution—established neighborhood character combined with infrastructure catalysts like light rail and major venues that fundamentally reshape development economics. The zoning flexibility for multiple structures, paired with the lot's dimensions and highway accessibility, makes this a strategic play for developers who understand Austin's trajectory toward transit-oriented density.

Agent Description

Prime opportunity in the sought-after Riverside area, where this lot can have MULTIPLE STRUCTURES on it. it is just 8 minutes from the airport and under 15 minutes to Downtown Austin, hike and bike trails, and walking distance to IDEA Charter campus, and a Public Elementary School. Surrounded by East Austin’s vibrant eateries, with a mini-Domain area, a new 65,000 s.f. music venue, and approved light rail. The property is sold AS-IS, offering a full rehab and possible multifamily structure opportunity. Please note, the HOME IS INACCESSIBLE due to current property conditions. Lockbox is UNAVAILABLE, and buyers are advised to view through windows only. Buyers are strongly encouraged to conduct due diligence. While the existing structure needs significant repairs, the lot’s location ensures easy access to major highways and city amenities. This distressed property has DO NOT ENTER signs posted on the house. No Realtor FOR SALE SIGNS on property. Ideal for investors looking to redevelop in one of Austin’s fastest-growing neighborhoods. Don’t miss this chance to capitalize on a rare opportunity in a booming area.

Property Details

Listing data last updated: May 19, 2026

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