1105 E 3rd St, Austin, TX 78702
Local realty services provided by:ERA Experts
Listed by: brandy wuensch
Office: city view realty
MLS#:2832948
Source:ACTRIS
1105 E 3rd St,Austin, TX 78702
$899,000
- 5 Beds
- 3 Baths
- 1,617 sq. ft.
- Single family
- Active
Price summary
- Price:$899,000
- Price per sq. ft.:$555.97
About this home
Exceptional redevelopment opportunity in the heart of downtown Austin, where location, flexibility, and future potential come together. With Austin's HOME Phase 1 and Phase 2 ordinances now in effect, this property presents an outstanding opportunity for investors, builders, and developers seeking to maximize one of the city's most desirable urban locations.Situated on a single parcel, the property currently features two residences: a front home of approximately 1,617 sqft and a detached 300 sqft efficiency apartment. Both units are vacant, providing buyers with the rare advantage of immediate possession whether the plan is to renovate, lease, occupy, or begin redevelopment without the delays and complications of existing tenants. The fully fenced property offers gated access from both the front and rear, creating secure on site parking and convenient access for future redevelopment. The current owner has commissioned architectural plans envisioning a potential 3 unit redevelopment or alternatively, plans to renovate, expand vertically, or reimagine the current improvements to suit a variety of investment strategies. With both dwellings vacant, investors also have the flexibility to complete updates and immediately establish market rate rental income. Buyers are encouraged to conduct their own due diligence regarding development potential, permitting, and applicable city regulations.
Located just minutes from Rainey Street, Lady Bird Lake, downtown Austin, acclaimed restaurants, entertainment, shopping, and major employers, this property offers the rare combination of redevelopment flexibility, immediate usability, and long term appreciation potential in one of Austin's most sought-after neighborhoods. Whether you're looking to renovate, redevelop, or build from the ground up, this is a rare chance to capitalize on location, density potential, and long-term upside in one of Austin's most desirable urban cores....
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Home facts
- Year built:1952
- Subdivision & Development:Shelley N G
- Listing ID #:2832948
- Updated:August 25, 2026 at 03:58 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Carpet, Laminate, Tile
- Kitchen Description:Dishwasher, Disposal, Free-Standing Gas Oven, Microwave, Refrigerator
- Living area:1,617 sq. ft.
Heating and cooling
- Cooling:Central
- Heating:Central, Wall Furnace
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1952
- Building area:1,617 sq. ft.
- Lot area:0.13 Acres
- Lot Features:Alley, Near Public Transit, Public Maintained Road
- Construction Materials:Brick Veneer, Vinyl Siding
- Foundation Description:Pillar/Post/Pier
Schools
- High school:Travis
- Elementary school:Barton Hills
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$899,000
- Price per sq. ft.:$555.97
- Tax amount:$15,419 (2025)
Features and amenities
- Appliances:Dishwasher, Disposal, Free-Standing Gas Oven, Microwave, Refrigerator, See Remarks, Washer/Dryer Stacked
- Laundry features:Washer/Dryer Stacked
Parking
- Total parking spaces:2
- Parking description:Alley Access, Carport, Off Street
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