4409 Banister Ln Austin, TX 78745
This exceptional 0.24-acre lot, situated at 4409 Banister Ln in Austin, Texas, presents a unique opportunity for development. Zoned R-3, the property allows for up to three residential units (buyer to verify). Its prime South/Downtown Austin location offers unparalleled convenience, with proximity to the University of Texas, the city's vibrant downtown core, and Austin-Bergstrom International Airport. The lot's dimensions measure approximately 50 feet by 205 feet. To facilitate the building process, complete build plans for a dual residential structure are available from the seller, serving as a valuable resource and inspiration for potential projects. While some permits may require updating, a comprehensive planning report detailing city regulations, utility specifications, and permitting information is included for thorough due diligence. This rare find is one of the few remaining build-ready lots in the desirable South Manchaca area, making it an exceptional investment opportunity for discerning developers and builders seeking a prime location in a thriving Austin neighborhood. The asking price for this exceptional property is $619,000. Act quickly, as opportunities like this are seldom available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.