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5210 Woodrow Ave - Woodrow Residential Development 0.26 Acres of Residential Land Offered at $699,000 in Austin, TX 78756
Investment Highlights
- Plans convey for single-family home plus ADU as part of the sale
- Large, infill lot should allow up to 4,587 SF (40%)
- Recent renovations could allow for longer-term hold of property
- Zoning could allow three units on the property
- Secured rental income of $4,800 per month for 2,510 SF duplex
- Ideal central Austin location, walkable to restaurants, coffee shops, bars and more!
Executive Summary
Unique covered land opportunity in the heart of central Austin. Ideal for builders looking small MF development and recent zoning changes should allow three-unit residential on the property. Current architectural plans for single-family home plus ADU convey with the sale. Two leases have been secured for a projected $45,516.08 in NOI ($4,800 per month in rent) and offer income while plans are being processed. At $699,000, this equates to a 6.51% cap rate.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$57,600
|
$221,538.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$57,600
|
$221,538.46
|
| Taxes |
$1,284
|
$4,938.46
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,284
|
$4,938.46
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $57,600 |
| Annual Per AC | $221,538.46 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $57,600 |
| Annual Per AC | $221,538.46 |
| Taxes | |
|---|---|
| Annual | $1,284 |
| Annual Per AC | $4,938.46 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $1,284 |
| Annual Per AC | $4,938.46 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
1 Lot Available
Lot
| Price | $699,000 | Lot Size | 0.26 AC |
| Price Per AC | $2,688,461.54 |
| Price | $699,000 |
| Price Per AC | $2,688,461.54 |
| Lot Size | 0.26 AC |
0.2633 acres total with a 2,510 SF duplex. Zoned SF-3 for potential three-unit redevelopment or single-family home.
Description
Unique covered land opportunity in the heart of central Austin. Ideal for builders looking small MF development and recent zoning changes should allow three-unit residential on the property. Current architectural plans for single-family home plus ADU convey with the sale. Two leases have been secured for a projected $45,516.08 in NOI ($4,800 per month in rent) and offer income while plans are being processed.
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Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 226374 | Total Assessment | $590,472 (2025) |
| Land Assessment | $400,631 (2025) | Annual Taxes | $1,284 |
| Improvements Assessment | $189,841 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
226374
Land Assessment
$400,631 (2025)
Improvements Assessment
$189,841 (2025)
Total Assessment
$590,472 (2025)
Annual Taxes
$1,284
Tax Year
2026
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5210 Woodrow Ave - Woodrow Residential Development