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302 Park Ln - Fairview Properties 0.89 Acres of Residential Land Offered at $5,500,000 in Austin, TX 78704
Investment Highlights
- Two blocks from South Congress Avenue
- Contiguous lots provide maximum flexibility in development while current rented units (8/10) provide income while permit development is underway
- Downtown is 5 Minutes Away
Executive Summary
The Fairview Portfolio – Core Travis Heights Investment
This unique opportunity consists of five contiguous properties located just east of South Congress Avenue in the highly sought-after Travis Heights neighborhood. The portfolio includes ten residential units—eight of which are currently leased—providing immediate income and value-add potential.
Situated in an unbeatable location with walkable access to South Congress dining, retail, and nightlife, these properties are ideal for buy-and-hold investors or developers exploring multi-unit redevelopment options.
Key Metrics:
5 contiguous lots
10 total units | 8 currently leased
Walk Score: 90+
Zoned SF-3 (verify all zoning/development possibilities with the City of Austin)
Don’t miss this chance to secure a prime land position in one of Austin’s highest-demand neighborhoods with a strong track record of appreciation and rental performance.
This unique opportunity consists of five contiguous properties located just east of South Congress Avenue in the highly sought-after Travis Heights neighborhood. The portfolio includes ten residential units—eight of which are currently leased—providing immediate income and value-add potential.
Situated in an unbeatable location with walkable access to South Congress dining, retail, and nightlife, these properties are ideal for buy-and-hold investors or developers exploring multi-unit redevelopment options.
Key Metrics:
5 contiguous lots
10 total units | 8 currently leased
Walk Score: 90+
Zoned SF-3 (verify all zoning/development possibilities with the City of Austin)
Don’t miss this chance to secure a prime land position in one of Austin’s highest-demand neighborhoods with a strong track record of appreciation and rental performance.
Property Facts
| Price | $5,500,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| Sale Condition | 1031 Exchange | Total Lot Size | 0.20 AC |
| No. Lots | 1 | Year Built | 1935 |
| Property Type | Land | ||
| Zoning | SF-3 - SF-3 Zoning | ||
| Price | $5,500,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.20 AC |
| Year Built | 1935 |
| Zoning | SF-3 - SF-3 Zoning |
1 Lot Available
Lot
| Price | $5,500,000 | Lot Size | 0.89 AC |
| Price Per AC | $6,179,775.28 |
| Price | $5,500,000 |
| Price Per AC | $6,179,775.28 |
| Lot Size | 0.89 AC |
This unique opportunity consists of five contiguous properties located just east of South Congress Avenue in the highly sought-after Travis Heights neighborhood. 10 Rental Units with 8 presently leased
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (88)
Property Taxes
| Parcel Number | 282769 | Improvements Assessment | $212,368 |
| Land Assessment | $619,145 | Total Assessment | $831,513 |
Property Taxes
Parcel Number
282769
Land Assessment
$619,145
Improvements Assessment
$212,368
Total Assessment
$831,513
Contacts
-
RAM Austin Property Management Sam Archer -
Sam
Archer
- RAM Austin Property Management
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302 Park Ln - Fairview Properties
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