SHAPIROGROUP
Amazing opportunity in a prime Central Austin location directly across from The Grove. This large, flat lot with rear alley access is ideal for a new custom home or a complete renovation. The property is being sold as-is, with the value primarily in the land. There are two structures on the property: a 2-bedroom, 1-bath main house and a nice efficiency unit at the rear. Both structures are solid but require a complete renovation. The property previously generated $3,350 per month in rental income in its current condition; however, the former tenants left it in poor condition. The highest and best use may be a teardown for new construction, although buyers looking for a major renovation project will also appreciate the property's potential. Its exceptional location directly across from The Grove places shopping, dining, parks, and entertainment just steps away, making this a rare redevelopment opportunity in one of Central Austin's most desirable areas.
Bedrooms
3
Bathrooms
2
Square Feet
1,161
Lot Size
0.162 acres
Year Built
1950
Stories
1
Tax Assessed
$707,311 (2026)
Property Tax
$12,713/yr (2026)
Type
Single Family
Status
Active
Shapiro Group
Last checked 3h ago.
As assigned by the MLS listing; verify with the district.
1807 W 38th St
Austin, TX 78731
Loan Term
Est. Monthly Payment
$4,771
Property tax is the county's 2026 bill of $12,713, not an estimate.
Estimates based on 6.5% rate. Actual payments may vary.
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