$169,000
3 bd · 1 ba · 884 sqft
1400 Vargas Rd, Austin, TX 78741
1400 Vargas Rd, Austin, TX 78741 is a 3-bedroom, 1-bathroom single family residence listed at $169,000 ($191/sqft). 884 sqft. Built in 1947. MLS #8770365. Listed by Keller Williams Realty.
Property Overview
This 7,030-square-foot Vargas Road lot in East Austin presents a rare development opportunity in one of the city's most transformative neighborhoods. Zoned to accommodate multiple structures, the 0.16-acre parcel sits just eight minutes from Austin-Bergstrom International Airport and under fifteen minutes from downtown, positioning it perfectly for investor-focused redevelopment. The surrounding area is experiencing unprecedented growth with a new 65,000-square-foot music venue, approved light rail infrastructure, and a burgeoning food and entertainment scene that rivals North Austin's Domain district.
The existing 1947 structure on the property requires comprehensive rehabilitation, but the true value lies in the land and its strategic location. Walking distance to both IDEA Charter and local public schools, the site offers proximity to Riverside's hike and bike trails while maintaining easy highway access. At $169,000 and priced significantly below area averages, this as-is sale appeals directly to developers and investors prepared to execute a full rehab or multifamily conversion project.
Vox Real Estate Insight
The Vox Residential team recognizes this Vargas Road listing as a prime example of East Austin's rapid evolution, where land value increasingly outpaces existing structures in transitional neighborhoods. For investors comfortable with project development timelines, the combination of strategic location, zoning flexibility, and below-market pricing presents compelling entry-point economics in an area we're watching closely for significant appreciation.
Agent Description
Prime opportunity in the sought-after Riverside area, where this lot can have MULTIPLE STRUCTURES on it. it is just 8 minutes from the airport and under 15 minutes to Downtown Austin, hike and bike trails, and walking distance to IDEA Charter campus, and a Public Elementary School. Surrounded by East Austin’s vibrant eateries, with a mini-Domain area, a new 65,000 s.f. music venue, and approved light rail. The property is sold AS-IS, offering a full rehab and possible multifamily structure opportunity. Please note, the HOME IS INACCESSIBLE due to current property conditions. Lockbox is UNAVAILABLE, and buyers are advised to view through windows only. Buyers are strongly encouraged to conduct due diligence. While the existing structure needs significant repairs, the lot’s location ensures easy access to major highways and city amenities. This distressed property has DO NOT ENTER signs posted on the house. No Realtor FOR SALE SIGNS on property. Ideal for investors looking to redevelop in one of Austin’s fastest-growing neighborhoods. Don’t miss this chance to capitalize on a rare opportunity in a booming area.
Property Details
| Property Type | Single Family Residence |
| Year Built | 1947 |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Living Area | 884 sqft |
| Lot Size | 7,031 sqft |
| Price / Sqft | $191 |
| Stories | One |
| Subdivision | Chernosky 15 |
| County | Travis |
| MLS Area | 9 |
| Listed | Apr 8, 2026 |
| MLS # | 8770365 |
| Listed By | Keller Williams Realty |
Interior
| Flooring | Linoleum |
| Appliances | Gas Oven |
| Windows | Wood Frames |
| Laundry | Laundry Room |
| Main-Level Bedrooms | 3 |
| Accessibility | Accessible Approach with Ramp |
Systems & Utilities
| Cooling | Central Air |
| Heating | Natural Gas |
| Utilities | Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities, Water Available |
| Water Source | Public |
| Sewer | Public Sewer |
Exterior & Lot
| Construction | Wood Siding |
| Roof | Composition |
| Foundation | Pillar/Post/Pier |
| Exterior Features | Private Entrance, Private Yard |
| Patio & Porch | Front Porch |
| Fencing | Chain Link |
| Lot Features | Back Yard, City Lot, Front Yard, Interior Lot, Near Public Transit, Trees-Medium (20 Ft - 40 Ft) |
| Faces | East |
Parking
| Parking Spaces | 3 |
| Parking Features | Driveway |
Community & HOA
| HOA | No |
| Community Features | Curbs, Underground Utilities |
Assigned Schools
| Elementary | Allison |
| Middle | Martin |
| High | Eastside Early College |
| District | Austin ISD |
Taxes & Legal
| Tax Year | 2025 |
| Annual Tax | $4,648 |
| Assessed Value | $227,101 |
| Parcel # | 03081602060000 |
| Legal Description | LOT 6 BLK 7 CHERNOSKY NO 15 |
| FEMA Flood Plain | No |
| In ETJ | No |
| Disclosures | Lead Base Paint Addendum |
| Listing Conditions | Estate |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 1400 Vargas Rd, Austin, TX 78741?
This property is listed at $169,000, which is $191 per square foot.
How many bedrooms and bathrooms does 1400 Vargas Rd, Austin, TX 78741 have?
This home has 3 bedrooms and 1 bathroom, with 884 square feet of living space.
When was 1400 Vargas Rd, Austin, TX 78741 built?
This property was built in 1947, making it 79 years old.
How long has 1400 Vargas Rd, Austin, TX 78741 been on the market?
This listing has been on the market for 126 days.
What type of property is 1400 Vargas Rd, Austin, TX 78741?
This is a Single Family Residence on a 7,030.58 sqft lot.