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    1401 Drake Ave Austin, TX 78704

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    For Sale
    $1,200,000

    Five contiguous properties in Travis Heights neighborhood near South Congress.

    Lot size:
    0.20 Acres

    Property Features for 1401 Drake Ave

    General Information

    Lot size
    0.20 Acres

    Source: Compass RE Texas, LLC Agent Sam Archer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Travis Heights Investment Portfolio

    The Fairview Portfolio presents a core investment opportunity in the Travis Heights neighborhood, situated just east of South Congress Avenue. This portfolio comprises five contiguous properties. The properties include ten residential units, eight of which are currently leased, offering immediate income and value-add potential. The location provides walkable access to South Congress dining, retail, and nightlife. These properties are suitable for buy-and-hold investors or developers considering multi-unit redevelopment options.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -97.746757
    Latitude
    30.249195

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    FAQs

    What type of property is this?
    Land - Five contiguous properties in Travis Heights neighborhood near South Congress.
    Where is this land located?
    The property is located at 1401 Drake Ave Austin, TX.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Unbeatable location in the highly sought-after Travis Heights neighborhood, walkable to South Congress dining, retail, and nightlife.; - Portfolio of five contiguous properties, offering significant investment potential.; - Ten residential units included, providing immediate income.
    (512) 633-4650
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    Austin, TX 78704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1401 Drake Ave Austin, TX 78704
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