$279,000

Property Overview

This 1945 St. Johns home presents a unique investment opportunity in North Austin's most affordable corridor, priced 34 percent below the area median at $191 per square foot. The property comprises two structures on a generous 7,410-square-foot lot: a main 3-bedroom, 2-bathroom residence and a converted rear garage with loft-style living, full kitchen, and separate bath. The level, north-facing lot offers flexibility for vision-driven investors seeking significant upside potential in a neighborhood experiencing rapid growth along the Airport Boulevard corridor and near major transportation arteries.

Sold as-is, this project requires comprehensive renovation but rewards experienced rehabbers with substantial equity opportunity in central Austin. The dual-structure setup presents creative possibilities for investors considering adaptive reuse, multi-unit conversion, or complete redevelopment. Located within Austin ISD's highly-regarded school zones and mere minutes from I-35 and 183, 403 Blackson Avenue offers the rare combination of affordability, location convenience, and development potential that defines today's competitive investor market in Austin, TX.

Vox Real Estate Insight

At Vox Real Estate, we recognize this as a legitimate value play for experienced investors—the below-median pricing and dual-structure layout aren't common in central Austin, particularly in a neighborhood seeing fresh restaurant investment and transit corridor growth. This property rewards buyers with a serious rehab budget and clear vision, not casual flippers looking for turnover speed.

Agent Description

Investor & Renovation Opportunity in North Central Austin! Located in the St. John’s neighborhood with convenient access to both I-35 and 183, this 0.1701-acre property offers an opportunity for an investor, renovator, or buyer with a vision to make improvements and add value over time. The property is being sold as-is and offers flexibility in how the next owner approaches it—whether making updates in phases, taking on a more moderate renovation, or completing a larger rehab. The front home features 3 bedrooms and 1 bathroom, while the converted garage in the rear offers open loft-style living, a full kitchen, and 1 bathroom, creating additional possibilities for the right buyer. Bring your ideas and explore the potential. With two existing structures and a central Austin location close to major thoroughfares, there’s plenty of opportunity to reimagine the property at a pace and scope that makes sense for the next owner. Buyer to independently verify zoning, permitted use, improvements, and property condition.

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 $191/sqft, this listing is priced 40% below the St. Johns median of $318/sqft.

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