About This Home
Unlock the potential of one of East Austin's most exciting redevelopment opportunities. Situated on an oversized SF-3-NP zoned lot at 2907 E 5th Street, this property offers incredible flexibility to renovate the existing home, build multiple units, or capitalize on the area's continued growth with a new development project. The home is currently leased on a month-to-month basis, providing immediate rental income while you plan your next move. An even rarer opportunity awaits with the adjacent property at 2909 E 5th Street, also available for purchase, creating the potential to assemble two side-by-side lots in one of Austin's most desirable urban neighborhoods. Enjoy an unbeatable location just minutes from downtown Austin, Plaza Saltillo, Lady Bird Lake, Metz Park, popular restaurants, neighborhood cafes, breweries, shopping, entertainment, public transit, and major employers. Whether you're an investor, builder, or developer, opportunities like this are becoming increasingly difficult to find, making this a rare chance to secure a prime piece of East Austin with exceptional redevelopment potential and long-term upside.
At $612/sqft, this home is priced 57% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →
Property Details
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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.
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