2907 E 5th StAustin, TX 78702

Description

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.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Year built

1920

Living area

652 Sq Ft

Lot size

0.16 acres

Parking spaces

2

Ownership

Fee-Simple

Days on market

92

MLS^® Listing#

2450160

Property Features

Interior

See Remarks

Exterior

Private Yard

Heating

See Remarks

Flooring

Wood

Fireplace

None

Pool

None

Parking

Driveway

Laundry

See Remarks

Patio

Awning(s) · Front Porch

Fencing

Wood · Wrought Iron

Lot features

Back Yard · Few Trees · Flag Lot · Front Yard · Interior Lot · Private

Construction

See Remarks

Foundation

Pillar/Post/Pier · Raised

Roof

Metal

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

$7,884Tax year 2025

Assessed value

$397,794

Parcel number

02021207030000

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.