$400,000

Property Overview

This 3-bedroom, 1-bath home on Gillis Street in South Manchaca sits on an expansive 15,041-square-foot lot that represents a rare infill opportunity in one of Austin's most promising neighborhoods. Built in 1953, the 944-square-foot residence serves as either an immediate income-producing rental, a personal residence, or a foundation for new construction on SF-3 zoned land. With utilities already accessible at the street and minimal topographical constraints, the lot is primed for development with minimal friction. The location delivers exceptional proximity to downtown Austin, Austin-Bergstrom International Airport, and the South Manchaca corridor's rapidly expanding dining and retail scene. At $400,000, this property positions buyers at the intersection of value and strategic positioning within a neighborhood experiencing measurable growth and investment interest.

For developers and investors, the adjacent lot at 1321 Redd Street presents a compelling companion opportunity, offering over 15,000 square feet of contiguous SF-3-zoned land. The South Manchaca area's generous lot sizes, ranch-style character, and walkable access to essential amenities make it increasingly attractive to end buyers seeking connected Austin living without premium pricing. This asset combines the flexibility of an existing home with the upside potential of Austin's evolving development patterns.

Vox Real Estate Insight

The Vox Residential team recognizes this Gillis Street property as a textbook example of the South Manchaca inflection point—where established neighborhoods meet Austin's development appetite and land becomes the real story. At 24% above area median price per square foot, buyers are paying for zoning, lot size, and location trajectory rather than the existing structure, making this ideal for investors who understand Austin's infill evolution.

Agent Description

Incredible infill opportunity in one of Austin's hottest up-and-coming neighborhoods! This 7,487 SF lot (zoned SF-3) comes with an existing 944 SF home — live in it, rent it, or scrape it and build new. Either way, you're sitting on a build-ready asset at a discount. No significant tree or topography issues, and utilities are available at the street, making this a clean, low-friction project for builders and developers ready to put a shovel in the ground. The lot next door at 1321 Redd St (MLS# 6678424) is listed separately at $350,000 — but purchase both and you're working with over 15,000 SF of contiguous SF-3 land in a corridor that Austin clearly has its eye on. Combined pricing is available — call for details. Location couldn't be more dialed in for end buyers. You're minutes from downtown Austin, Austin-Bergstrom International Airport, Gold's Gym, grocery stores, and a thriving local restaurant scene — the kind of walkable, connected lifestyle that commands top dollar when you go to sell.

Neighborhood: South Manchaca

This property is located in South Manchaca, Austin, TX. The area is known for Great Value, Generous Lots, Ranch-Style Homes, South Austin Location, Growing Amenities.

At $424/sqft, this listing is priced 23% above the South Manchaca median of $345/sqft.

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