SHAPIROGROUP
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.
Bedrooms
2
Bathrooms
1
Square Feet
884
Lot Size
0.1558 acres
Year Built
1945
Stories
1
Tax Assessed
$413,043 (2025)
Property Tax
$8,000/yr (2025)
Type
Single Family
Status
Active
Shapiro Group
Last checked 1h ago.
As assigned by the MLS listing; verify with the district.
2909 E 5th St
Austin, TX 78702
Loan Term
Est. Monthly Payment
$2,784
Property tax is the county's 2025 bill of $8,000, not an estimate.
Estimates based on 6.5% rate. Actual payments may vary.
Find Similar Properties
SuperSearch finds more listings than Zillow
Coming Soon
