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Investment Highlights

  • Close to highway 183
  • Site is mostly flat
  • Located in the highly desirable Crestview neighborhood

Executive Summary

This 1-acre parcel offers a rare opportunity in the highly desirable Crestview neighborhood of Austin, Texas. Positioned within a well-established residential and mixed-use area, the property provides exceptional potential for redevelopment or long-term investment. Its location places it near major thoroughfares, including North Lamar Boulevard and Burnet Road, ensuring convenient access to downtown Austin and the broader metro area.
The site benefits from proximity to a vibrant mix of retail, dining, and entertainment options, as well as strong connectivity to public transportation and commuter routes. With Austin’s continued population growth and robust economic expansion, this property represents a compelling opportunity for developers, investors, or owner-users seeking to capitalize on one of the city’s most dynamic submarkets.
Surrounding amenities include local restaurants, boutique shops, and essential services, all within walking distance. Additionally, the property is located near major employment centers and is just a short drive from The Domain, Austin’s premier shopping and business district.

Property Facts

Price $5,070,517 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Single Family Development
Total Lot Size 1.00 AC
Year Built 1952
Zoning MF-2 - Zoned for multifamily (MF-2)

1 Lot Available

Lot

Price $5,070,517 CAD
Price Per AC $5,070,516.87 CAD
Lot Size 1.00 AC

1 acre site zoned MF-2. Located in the highly desirable Crestview neighborhood. Trees are mostly on the edges of the property. Site is mostly flat. Siteplan (turned in but not approved) for 15 units with average unit size of 2,733. Buyer could use a

Description

1 acre site zoned MF-2. Located in the highly desirable Crestview neighborhood. Trees are mostly on the edges of the property. Site is mostly flat. Site plan (turned in but not approved) for 15 units with average unit size of 2,733. Buyer could use a different plan. Currently 2 houses rented on a month to month basis. Total monthly rent is $4,300. Collect rent while finalizing plans.

Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 237888
  • 237887
Land Assessment
$1,105,642 CAD
Improvements Assessment
$373,640 CAD
Total Assessment
$1,479,282 CAD
  • Listing ID: 35788500

  • Date on Market: 2025-05-08

  • Last Updated:

  • Address: 901 Stobaugh St, Austin, TX 78757

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