$899,000
5 bd · 3 ba · 1,617 sqft
1105 E 3rd St, Austin, TX 78702
1105 E 3rd St, Austin, TX 78702 is a 5-bedroom, 3-bathroom single family residence listed at $899,000 ($556/sqft). 1,617 sqft. Built in 1952. Located in Downtown Austin, Austin TX. Priced 22% below the Downtown Austin median of $715/sqft. MLS #2832948. Listed by City View Realty.
Property Overview
This exceptional downtown Austin property at 1105 3rd Street presents a rare redevelopment canvas in one of the city's most coveted neighborhoods. Situated steps from 6th Street's vibrant entertainment scene and Lady Bird Lake's recreational corridor, the 5,837-square-foot lot currently hosts a 1,617-square-foot primary residence and a 300-square-foot efficiency apartment, both vacant and ready for immediate repositioning. The fully fenced parcel with gated front and rear access provides secure parking and flexibility that's hard to find in downtown's compact urban core.
With Austin's HOME Phase 1 and Phase 2 ordinances now active, this location unlocks significant development potential for builders and investors seeking to capitalize on the walkable downtown corridor. The property's strategic positioning on Congress Avenue and proximity to high-rise living districts creates opportunities for renovation, lease conversion, or substantial redevelopment. Priced at $556 per square foot—22 percent below the area median of $713—this represents compelling value for a fully-vacant, developable downtown parcel with architectural plans already envisioned by the current owner.
Vox Real Estate Insight
This property hits the sweet spot for developers watching the downtown Austin market: excellent location, zero tenant complications, and pricing that reflects opportunity rather than the premium typically attached to ready-to-occupy downtown homes. At Vox Residential, we're seeing increased investor activity in this zone as the HOME ordinances reshape what's possible on individual parcels, making 1105 3rd Street particularly well-positioned for the right buyer's vision.
Agent Description
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.
Neighborhood: Downtown Austin
This property is located in Downtown Austin, Austin, TX. The area is known for 6th Street Entertainment, Lady Bird Lake, Congress Avenue, High-Rise Living, Walkable Urban Core.
At $556/sqft, this listing is priced 22% below the Downtown Austin median of $715/sqft.
Property Details
| Property Type | Single Family Residence |
| Year Built | 1952 |
| Bedrooms | 5 |
| Bathrooms | 3 |
| Living Area | 1,617 sqft |
| Lot Size | 5,837 sqft |
| Price / Sqft | $556 |
| Stories | One |
| Condition | Resale |
| Unit Style | 1st Floor Entry |
| Subdivision | Shelley N G |
| County | Travis |
| MLS Area | 5 |
| Listed | Jun 6, 2026 |
| MLS # | 2832948 |
| Listed By | City View Realty |
Interior
| Flooring | Carpet, Laminate, Tile |
| Appliances | Dishwasher, Disposal, Microwave, Free-Standing Gas Oven, Refrigerator, Washer/Dryer Stacked |
| Interior Features | Ceiling Fan(s), Tile Counters, Kitchen Island, Primary Bedroom on Main, Recessed Lighting, Stackable W/D Connections |
| Windows | Blinds |
| Fireplaces | 1 (Living Room) |
| Laundry | In Bathroom, In Kitchen, Main Level |
| Main-Level Bedrooms | 4 |
Systems & Utilities
| Cooling | Central Air, Wall/Window Unit(s) |
| Heating | Central, Wall Furnace |
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| Water Source | Public |
| Sewer | Public Sewer |
| Energy Efficient | Appliances |
Exterior & Lot
| Construction | Brick Veneer, Vinyl Siding |
| Roof | Composition |
| Foundation | Pillar/Post/Pier |
| Patio & Porch | Patio, Porch |
| Fencing | Privacy, Wood |
| Lot Features | Alley, Near Public Transit, Public Maintained Road |
| Faces | North |
Parking
| Parking Spaces | 2 |
| Parking Features | Alley Access, Carport, Off Street |
Community & HOA
| HOA | No |
| Community Features | Curbs, Sidewalks |
| Security | Smoke Detector(s) |
Assigned Schools
| Elementary | Barton Hills |
| Middle | Lively |
| High | Travis |
| District | Austin ISD |
Taxes & Legal
| Tax Year | 2025 |
| Annual Tax | $15,419 |
| Assessed Value | $753,458 |
| Parcel # | 191737 |
| Legal Description | LOT 3 & E 14.25FT OF LOT 2 BLK 2 OLT 18 DIV O SHELLEY N G SUBD |
| FEMA Flood Plain | No |
| In ETJ | No |
| Disclosures | Seller Disclosure |
| Listing Conditions | Standard |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 1105 E 3rd St, Austin, TX 78702?
This property is listed at $899,000, which is $556 per square foot. That is 22% below the Downtown Austin area median of $715/sqft.
How many bedrooms and bathrooms does 1105 E 3rd St, Austin, TX 78702 have?
This home has 5 bedrooms and 3 bathrooms, with 1,617 square feet of living space.
When was 1105 E 3rd St, Austin, TX 78702 built?
This property was built in 1952, making it 74 years old.
What neighborhood is 1105 E 3rd St, Austin, TX 78702 in?
This property is in Downtown Austin, Austin, TX. The area is known for 6th street entertainment, lady bird lake, congress avenue.
How long has 1105 E 3rd St, Austin, TX 78702 been on the market?
This listing has been on the market for 67 days.
What type of property is 1105 E 3rd St, Austin, TX 78702?
This is a Single Family Residence on a 5,837.04 sqft lot.