Active Listing  ·  59 days on market

4502 S 1st St

Austin, TX 78745
$619,000
3 Bed 1 Bath 888 sqft $697/sqft Built 1958 0.30 acres Pool Hartkopf Annex

APPOINTMENTS HAVE TO BE APPROVED BEFORE SHOWINGS. OWNER OCCUPIED. DO NOT WALK THE LOT WITOUT PERMISSION.

Prime South Austin redevelopment opportunity on an expansive ±0.30-acre lot in one of Austin's most active infill markets. The value is in the land. The existing residence is considered a tear-down and is being sold as-is.

Large redevelopment parcels in this location are becoming increasingly difficult to find. The generous lot size presents an exceptional opportunity for builders, developers, and investors to capitalize on Austin's continued demand for new residential construction. Subject to City of Austin approval and buyer verification, the property may offer the potential for multiple residential homes or other redevelopment opportunities.

Surrounded by new construction and redevelopment projects, this property is ideally positioned for an infill development in a highly desirable South Austin location. Just minutes from South Congress, South Lamar, St. Elmo, Downtown Austin, major employment centers, shopping, restaurants, entertainment, parks, and Austin-Bergstrom International Airport. Easy access to IH-35, US-290, SH-71, and Loop 360 provides outstanding connectivity throughout the city.

Rare South Austin Infill Development Opportunity

Builder Alert! Premium 0.30-Acre Redevelopment Parcel

One of the Few Remaining Large Redevelopment Lots on South First

Prime Infill Site in a High-Growth South Austin Corridor

Development Opportunity Surrounded by New Construction

Land Value Only – Exceptional Builder Opportunity

Oversized South Austin Lot with Significant Redevelopment Potential

At $697/sqft, this home is priced 78% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4502 S 1st St, Austin, TX 78745

Property Details

Price $619,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 888 sqft
Lot Size 0.30 acres (13,211.75 sqft)
Year Built 1958
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Hartkopf Annex
County Travis
Zip Code 78745
$/sqft $697/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,365.17
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237648938
List Date June 26, 2026
Elementary School St Elmo
Middle School Bedichek
High School Crockett
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
4414 Banister Ln #2
Banister Acres
$608,000 $553 2 bd / 2 ba 1,100 sqft , 2026-04-09
209 Woodward St
Woodward Indust District
$599,900 $553 3 bd / 2 ba 1,085 sqft , 2026-07-16
300 Lightsey Rd #2
lightsey rd condominiums
$640,000 $582 2 bd / 2 ba 1,100 sqft , 2026-03-10
200 La Vista St
Brinwood Sec 03
$575,000 $707 2 bd / 1 ba 813 sqft , 2026-08-13
219 Lessin Ln #10A
Post Road
$549,000 $477 2 bd / 3 ba 1,152 sqft , 2026-04-08

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
$2,971/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
$123,800
20% conventional investment loan

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

Estimated Gross Rent+$2,971
Principal + Interest−$3,378
Property Tax (~2.1% TX avg)−$1,083
Insurance (~0.5%)−$258
Est. Monthly Cash Flow $-1,748

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 July 25, 2026.

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