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$5,500,000

NAL Estimated Property Value

406 W LIVE OAK ST, Austin, TX, 78704

Off MarketInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Exterior FeaturesNone

About this property

Rare South Austin development opportunity approved for 12 homes across six individual MF-3 zoned residential lots with potential downtown views. Located just off South 1st Street and only 1.5 miles from Lady Bird Lake, this site offers exceptional proximity to downtown, South Congress, South 1st retail, restaurants, and major lifestyle corridors. Four lots have already been leveled and are development-ready, with a 2,400 SF remodeled sales office currently onsite and a demo permit approved for immediate redevelopment. Site plans and approved plans are available upon request, providing a strong head start for a builder looking to move quickly. With new construction comps in the area selling for approximately $750–$835/SF, this is an ideal scale project for a mid-size builder seeking a rare multi-lot infill site in one of Austin’s most supply-constrained locations. Extremely

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$5,500,000
Estimated Property Value
$0Estimated Mortgage Balance
$5,500,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$33,000 /month
Positive
Cash Flow Estimate:
$11,000 /month

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Financing Details

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

City: Austin

406 W LIVE OAK ST | Property Details | No Agent List