Active Listing  ·  15 days on market

2900 Webberville Rd

Austin, TX 78702
$399,999
3 Bed 1 Bath 1,080 sqft $370/sqft Built 1959 0.16 acres Pool Lorraine Heights

Some properties are about the house. This one is about what you can build.

Located along Webberville Road in the heart of rapidly evolving East Austin, 2900 Webberville Rd is a rare redevelopment opportunity surrounded by proof of the area’s transformation. The existing structure is a teardown and will be sold as-is; the interior will not be shown. Under current City of Austin regulations, the property may allow for up to three homes, subject to zoning, setbacks, lot configuration, utilities, and buyer verification. The potential is easy to envision—just look across the street and next door, where investors have already transformed older properties into modern homes, multifamily projects, and new residential communities. With Downtown Austin and the University of Texas nearby, this location puts you in the middle of one of Austin’s most active infill and redevelopment areas, with the downtown skyline visible from the property.

The existing house may be at the end of its story, but the land is just beginning a new one.

Highlights:

* East Austin location on Webberville Rd

* Teardown/redevelopment opportunity

* Potential for up to 3 homes, subject to City approval and buyer verification

* Surrounded by new construction and multifamily development

* Close to Downtown Austin and UT

* Excellent opportunity for builders, investors, or developers

* Interior of existing structure will not be shown

Buyer to independently verify all zoning, development potential, setbacks, utilities, and applicable City of Austin requirements.

At $370/sqft, this home is 5% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2900 Webberville Rd, Austin, TX 78702

Property Details

Price $399,999
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,080 sqft
Lot Size 0.16 acres (7,017.52 sqft)
Year Built 1959
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Lorraine Heights
County Travis
Zip Code 78702
$/sqft $370/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,959.5
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246748706
List Date October 8, 2026
Elementary School Oak Springs
Middle School Kealing
High School Eastside Early College
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
3606 Abbate Cir
Abbate
$400,000 $335 4 bd / 1 ba 1,194 sqft , 2026-06-18
3101 Govalle Ave #113
HOM CONDOMINIUMS
$399,900 $349 2 bd / 2 ba 1,146 sqft , 2026-08-21
3206 Goodwin Ave
Spillar & Greenwood Add
$399,900 $296 3 bd / 1 ba 1,353 sqft , 2026-09-11
2909 E 5th St
Hartwell Add
$399,000 $451 2 bd / 1 ba 884 sqft , 2026-07-02
2503 Walter St
Fowler Terrace
$395,000 $465 2 bd / 1 ba 850 sqft , 2026-10-16

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,920/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$80,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,920
Principal + Interest−$2,183
Property Tax (~2.1% TX avg)−$700
Insurance (~0.5%)−$167
Est. Monthly Cash Flow $-1,130

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on October 9, 2026.

📞 (254) 718-2567 [email protected] More about Luke →