MF-3 Multi-Family Development
For Sale
$849,000
2421 South 5th Street, Austin, TX 78704
Flat MF-3 lot with an approved site development permit and architectural plans for a 7-unit multifamily project.
Property SizeContact for details
Days on Market963
Property Features for 2421 South 5th Street
General Information
Standard status
Active
Property subtype
Land / Unimproved Land
Zoning
MF3 lot
Taxes and HOA fees
Annual Taxes
$9,364
Listing Agency:
Moreland Properties
(512) 638-3788
Listed By:
Julia Mistler · License #0651327
(512) 638-3788
Source:
Compass
Added: Dec 24, 2023
Changed: Aug 8
Last Checked: Aug 8 at 6:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Moreland Properties
Investment Insights
Based on property information with market context.
2421 South 5th Street presents a build-ready development opportunity on a flat lot in Austin. The property is designated MF-3 and includes an approved Site Development Permit with $200,000 noted in the approval and a 12-month period to obtain. A full, complete set of architectural plans (construction documents) is provided for a multi-family unit layout consisting of 7 units.
The site is described as being between South Lamar, Galindo, and Bouldin, with proximity to South Austin Neighborhood Park and South Congress. The seller has also included a feasibility study highlighting alternative redevelopment scenarios, including the potential for 3 single-family units or a single-family home.
For parties evaluating multifamily or single-family configurations under the provided materials, this property offers documented entitlement progress and design documentation to support next steps. See attached documents for details.
The site is described as being between South Lamar, Galindo, and Bouldin, with proximity to South Austin Neighborhood Park and South Congress. The seller has also included a feasibility study highlighting alternative redevelopment scenarios, including the potential for 3 single-family units or a single-family home.
For parties evaluating multifamily or single-family configurations under the provided materials, this property offers documented entitlement progress and design documentation to support next steps. See attached documents for details.
Key Highlights
- MF‑3 zoned flat lot with an approved Site Development Permit ($200,000) and 12 months to obtain
- Includes a full set of architectural plans (construction documents) for a 7‑unit multifamily project
- Alternate feasibility study indicates potential for 3 single‑family units or a single‑family home
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,798
Businesses Nearby
Explore this area
Business Placement
Demographics for 78704, TX
49,197
Population
29,959
Households
1.6
Avg Household Size
34
Median Age
70%
College-Educated
94%
High-School Grad
8.8 sq mi
ZIP Area
5,591
Density / Sq Mi
$97,160
Median Household Income
$67,527
Median Earnings
$1,755
Median Rent
$862,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Flat MF-3 lot with an approved site development permit and architectural plans for a 7-unit multifamily project.
Where is this residential land & home lot located?
The property is located at 2421 South 5th Street Austin, TX.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: MF‑3 zoned flat lot with an approved Site Development Permit ($200,000) and 12 months to obtain; Includes a full set of architectural plans (construction documents) for a 7‑unit multifamily project; Alternate feasibility study indicates potential for 3 single‑family units or a single‑family home
