$339,000

Property Overview

This St. Johns residence presents a compelling value opportunity in one of Austin TX's most strategically positioned neighborhoods. Situated on nearly a quarter-acre lot at 403 Delmar Ave, the 1,152-square-foot main home features three bedrooms and two bathrooms, anchoring a property with genuine development potential. The substantial 9,295-square-foot lot accommodates both the primary residence and an additional structure, creating possibilities for accessory dwelling unit expansion or guest quarters that could enhance long-term investment returns.

St. Johns has emerged as a growth corridor with immediate access to downtown employment centers, The Domain shopping district, and Q2 Stadium, while the neighborhood itself attracts new restaurants and young professionals seeking affordable Austin living. At $294 per square foot, this property aligns with neighborhood medians, offering entry-level pricing without premium markups. The as-is condition appeals to investors and builders who recognize the area's trajectory along the Airport Boulevard corridor, where infrastructure improvements and commercial development continue to reshape the landscape.

Vox Residential Insight

The Vox Residential team sees 403 Delmar Ave as a genuine play on St. Johns' transition from overlooked to opportunity-rich neighborhood, where the dual-structure setup and oversized lot provide flexibility that typical central Austin properties simply cannot offer. At 13 days on market, this represents the kind of value-add scenario our clients seek before the neighborhood's momentum fully prices in.

Agent Description

Investor opportunity located in the heart of the fast-growing St. Johns neighborhood, just minutes from Downtown Austin, The Domain, Q2 Stadium. The main home features 3 bedrooms and 2 full bathrooms, while the detached rear structure offers potential for an ADU or additional living space including 2 bedrooms, 1 bathroom and a private kitchen space. The second structure is unfinished, but could be perfect for multi-generational living, guest space, rental income, AirBnB, or a work from home set up. The oversized lot offers endless possibilities to create your ideal outdoor space, whether that includes entertaining areas, gardens, a pool, playscape, room for pets, or even future expansion. This property is ideal for buyers looking to renovate and create equity, investors seeking cash-flow potential, or builders wanting additional upside for redevelopment in a prime location. Buyer to verify permitted uses, sqftage, and zoning. Selling AS-IS with incredible potential in one of Austin’s rapidly evolving neighborhoods.

Neighborhood: St. Johns

This property is located in St. Johns, Austin, TX. The area is known for Affordable Near Central, Growing Investment, New Restaurants, Growth Potential, Airport Blvd Corridor.

At $294/sqft, this listing is priced 6% below the St. Johns median of $314/sqft.

Property Details

Listing data last updated: May 19, 2026

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