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$2,300,000

1201 W 8th St, Austin, TX, 78703

On MarketInfo
Just AddedInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths3,988 Sq Ft
OtherOther
price_per_sqft$576.73 / sqft
Year BuiltBuilt in 1915

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size8,002 sqft

Building Information

Year Built1915
Stories2
Roof Type105

Land Information

APN01080105070000
Lot Number1
SubdivisionHager Olen E Subd
Land UseCommercial
Legal DescriptionLOT 1 HAGER OLEN E SUBD
Census Tract001200
Assessed Land Value$1,200,000
Assessed Improvement Value$135,980
Assessment Year2025

About this property

Rare builder and redevelopment opportunity in the heart of Clarksville. This approximately 8,002 SF flat corner lot offers exceptional value in one of Austin’s most walkable and sought-after neighborhoods. Currently improved with a 6-plex and formerly used as a church, the property is zoned MLT FAM DWLG (Multi-Family Dwelling) and provides flexibility for redevelopment opportunities. The existing improvements include 6 bedrooms, 5 bathrooms, and separate electric and gas meters for each unit. Located at the corner of W 8th St and Blanco St, this property offers a prime opportunity for builders, developers, and investors seeking a well-located redevelopment site in central Austin. Photos coming soon. Seller requests a 90-day leaseback after closing at no charge.

Investor Tools

$0Estimated Mortgage Balance
$1,335,980Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,800 /month
Positive
Cash Flow Estimate:
$4,600 /month

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Aubrey Franklin

Aubrey Franklin, Broker

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,471/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,975
$1,335,980
2025
$1,200,000
$135,980
$1,335,980
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,975
$1,335,980

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nationsbank Of Texas Na
Building Or Construction Loan
$184,000
No
First
Apr 5, 1996
Apr 1997

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,335,980
100%
0%
$0/mo

City: Austin