2909 E 5th StAustin, TX 78702

Description

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.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Year built

1945

Living area

884 Sq Ft

Lot size

0.16 acres

Parking spaces

2

Ownership

Fee-Simple

Days on market

90

MLS^® Listing#

9268803

Property Features

Interior

See Remarks

Exterior

Private Yard

Heating

See Remarks

Flooring

Wood

Pool

None

Parking

Driveway

Laundry

See Remarks

Patio

Front Porch

Fencing

Chain Link · Wood

Lot features

Level

Construction

See Remarks

Foundation

Pillar/Post/Pier · Raised

Roof

Composition

Windows

Wood Frames

Other structures

None

Community

None

Utilities

See Remarks

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Brooke

Middle

Martin

High

Eastside Early College

Financial Details

HOA

None

Annual taxes

$8,000Tax year 2025

Assessed value

$413,043

Parcel number

02021207040000

Directions

Going east on E 7th St toward Onion St. Turn right onto N Pleasant Valley Rd. Turn left onto E 5th St. 2909 E 5th St, Austin, TX 78702-4816, 2909 E 5TH ST is on the right.