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Days40Days on Market
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$260,000

1906 Redd ST, Austin, TX, 78745

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size6,564 sqft

Land Information

APN04081202160000
Lot Number16B
SubdivisionFord Place No 1 Resub Lots 15 & 16 Blk B
Land UseResidential
Legal DescriptionLOT 16B FORD PLACE NO 1 RESUB LOTS 15 & 16 BLK B
Census Tract002002
Assessed Land Value$296,745
Assessment Year2025

About this property

Rare South Austin infill development opportunity in coveted 78745, at the seam of one of the city's most active builder corridors. This 6,566 sqft SF-3 vacant lot sits just off the Ben White (Hwy 290) and Menchaca Road intersection, surrounded by new high-end residential builds on Redd Street and backing directly to commercial property — opening flexible build, live/work, multi-unit, and assemblage potential for builders, developers, and investors. Prime 78745 Location: Quick access to downtown Austin, ABIA airport, South Lamar, South 1st, the Menchaca entertainment district, St. Elmo, and the Yard via Ben White and MoPac. SF-3 Zoning, Commercial-Adjacent: Single-family entitlements with a commercial buffer at the rear — strong fit for HOME code-driven multi-unit infill, duplex, or two-on-a-lot configurations under Austin's updated rules (buyer to verify zoning, HOME eligibility, and feasibility). Fenced & Free of Major Trees: Fully fenced with no large trees in the buildable middle, reducing tree protection complications and accelerating the path from acquisition to permit-ready. Workable footprint supports an efficient build schedule. Surrounded by Active Development: Neighboring Redd Street builds are pushing into the high-end South Austin market with strong recent comps, signaling continued appreciation and clear exit pricing for spec, build-to-rent, and custom homes. South Austin Demand Driver: 78745 remains one of Austin's most absorbed and resilient infill submarkets, with steady velocity across single-family, multi-unit, and luxury new construction. Tech employer and downtown proximity keep end-buyer demand strong. Endless Builder Possibilities: Build a custom home, an SF-3 multi-unit project, a duplex, a build-to-rent investment, or land bank for the next move in a tightening market. Bring your plans, your builder, and your vision.

Investor Tools

$410,572Estimated Mortgage Balance
$258,428Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,014 /month
Positive
Cash Flow Estimate:
$1,338 /month

Interested in this property?

Derek Smith

Deal Smith Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$867/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,060
$296,745
2025
$296,745
N/A
$296,745
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,060
$296,745

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
S&L Land Design Consultants Llc
Assumption
$446,250
Yes
First
Feb 15, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$410,572
$258,428
38%
61%
$2,676/mo

Learn About the Market: Opportunity in Austin

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Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

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Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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1906 Redd ST | Property Details | No Agent List