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Description

Exceptional redevelopment opportunity in the heart of downtown Austin. With HOME Phase 1 and 2 already passed, this property is primed for development or expansion. The single parcel currently features two income-producing dwellings: a front house of approximately 1,617 sq ft and a detached 300 sq ft efficiency unit, both currently rented. The property offers a fully fenced perimeter for privacy and security, with gated access at both the front and rear, allowing for secure on-site parking and flexible access. The owner has commissioned architectural plans for a full redevelopment consisting of two townhomes with garages plus one single-family residence, allowing for a total of three new units. The lot may be fully scraped and rebuilt, or alternatively, the existing front home can be expanded vertically or reconfigured to maximize value. Ideally located just minutes from Rainey Street, downtown dining, nightlife, and Austin’s most popular hotspots. Tree Survey and Zonability Report available. A rare opportunity to capitalize on location, density, and long term upside in one of Austin’s most desirable urban cores.

Contact Agent

Col Realty

(512) 699-3810

📞 Call 💬 Text ✉️ Email

Property Details

Status	Active
MLS #	ACT203867658
Taxes	$15,419 (2025) / year
Type	Residential
Year Built	1952
Lot Size	0.13 AC / 5,837 SF
County	Travis
Subdivision	Shelley N G

Property Information

Interior

Ceiling Fan(s)Tile CountersKitchen IslandPrimary Bedroom on MainRecessed LightingStackable W/D Connections

Exterior

None

Appliances

DishwasherDisposalMicrowaveFree-Standing Gas OvenRefrigeratorSee RemarksWasher/Dryer Stacked

Community

CurbsSidewalks

Parking

Alley AccessCarportOff Street

Utilities & Construction

Heat: Central, Wall Furnace, See RemarksAC: Central Air, Wall/Window Unit(s), See RemarksCarpet, Laminate, TileRoof: CompositionFoundation: Pillar/Post/Pier

🏊 Pool

Directions: I35, East on 1st/Cesar Chavez, Left on Medina, left on 3rd, house is on left side of street