About This Home
Discover the possibilities in one of East Austin's most exciting and rapidly evolving neighborhoods with this exceptional redevelopment and investment opportunity at 2909 E 5th Street. Situated on an oversized SF-3-NP zoned lot, this property offers the flexibility to renovate the existing home, build multiple units, or create your next standout project in one of the city's hottest urban corridors. The home is currently leased on a month-to-month basis, providing immediate rental income while you bring your vision to life. Looking for an even bigger opportunity? The neighboring property at 2907 E 5th Street is also available, creating the rare chance to assemble two side-by-side lots in a location where demand continues to grow. Enjoy everything that makes East Austin so desirable, with Plaza Saltillo, Lady Bird Lake, Metz Park, Joe's Bakery, neighborhood cafés, local breweries, live music, acclaimed restaurants, boutiques, and downtown Austin just minutes away. Whether you're an investor, builder, or developer, opportunities like this don't come around often, offering exceptional redevelopment potential in one of Austin's most vibrant neighborhoods.
At $451/sqft, this home is priced 15% 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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