Search
Austin Land Investment Opportunity
For Sale
$224,990
Pending

1302 1/2 Walnut Avenue Unit 2, Austin, TX 78702

Land with endless possibilities in a desirable Austin neighborhood.

Property SizeContact for details
Days on Market85

Property Features for 1302 1/2 Walnut Avenue Unit 2

General Information

Standard status Pending
Total Parking Spaces 2
Property subtype Residential / Single Family Residence

Taxes and HOA fees

Annual Taxes $9,788

Building Details

Year Built 1944
Listing Agency: Spyglass Realty
Listed By: Cederick Harris · License #0596976
Source: Compass
Added: May 16 Changed: Aug 8 Last Checked: Aug 8 at 7:10AM

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 Spyglass Realty

Investment Insights

Based on property information with market context.

This property presents an exceptional opportunity for investors, builders, developers, and buyers in the 78702 corridor of Austin. Located near the University of Texas, Downtown Austin, Lady Bird Lake, major highways, entertainment, shopping, restaurants, nightlife, coffee shops, and major employers, the property is situated in a growing and desirable neighborhood. It is suitable for a flip and rehab project, a long-term rental investment, redevelopment, or new construction. The property includes a rear access road entry, a gravel driveway, large mature trees, smaller trees, a covered porch, siding exterior, entry steps, and a pier and beam foundation. There are two front entry doors. Inside, the home features a blend of wood and tile flooring. The living room has wood floors and a ceiling fan. Bedroom one includes tile flooring, a ceiling fan, and a window A/C unit. Bedroom two offers tile floors and two ceiling fans. The primary bathroom includes tile flooring, a pedestal sink, and a walk-in shower. The primary bedroom features a walk-in closet and additional storage closet space. The breakfast area offers wood flooring, while the kitchen includes tile floors, a gas range, and Formica countertops. The laundry room features tile flooring. Bedroom three includes tile flooring, a ceiling fan, a window A/C unit, and an exterior exit door. No gutters or window screens are currently installed.

Key Highlights

  • Prime location in the highly desirable and rapidly growing 78702 area of East Austin.
  • Exceptional investment opportunity for rehab, rental, redevelopment, or new construction.
  • Close proximity to the University of Texas, Downtown Austin, and Lady Bird Lake.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Electrical Service Building Supply Dental Office HVAC Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

980
Businesses Nearby

Demographics for 78702, TX

25,910
Population
14,573
Households
1.8
Avg Household Size
34
Median Age
59%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
5,182
Density / Sq Mi
$101,304
Median Household Income
$65,876
Median Earnings
$1,966
Median Rent
$644,200
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Land with endless possibilities in a desirable Austin neighborhood.
Where is this residential land & home lot located?
The property is located at 1302 1/2 Walnut Avenue Unit 2 Austin, TX.
What is the asking price?
The asking price for this property is $224,990.
What are key features of this property?
This property features: Prime location in the highly desirable and rapidly growing 78702 area of East Austin.; Exceptional investment opportunity for rehab, rental, redevelopment, or new construction.; Close proximity to the University of Texas, Downtown Austin, and Lady Bird Lake.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message