This is the kind of asset in Bouldin Creek that has strong upside .35 acres zoned MF 4, sitting less than two miles from downtown Austin in one of 512's most land-constrained neighborhoods.The play here is straightforward: collect rent today, capture upside tomorrow. Current rents are running well below market on a mix of four 1BD/1BA and two 2BD/1BA units - meaning a new owner can generate immediate returns through light renovation and a rent reset, or simply hold and let the land appreciate while Austin's density pressure does the work. The land story is real. MF-4 zoning allows 6+ additional units with height up to 60 feet. Feasibility study on hand to get an idea of potential yields. Whether you're a private investor looking for a stabilized Bouldin Creek hold, a developer eyeing a ground-up play, or a 1031 buyer needing a low-friction close - this checks the box.
Features of 2411 S 5th St
MLS® #
4617636
Price
$1,400,000
Bathrooms
0.00
Acres
0.35
Year Built
1960
Type
Commercial
Sub-Type
Multi Family
Status
Active
Has Pool
No
Water Feature/View
View
None
Is Waterfront
No
Community Information: Austin
Address
2411 S 5th St
Area
6
Subdivision
Southwood Annex
City
Austin
County
Travis
State
TX
Zip Code
78704
Amenities of 2411 S 5th St
Utilities
Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
Parking
Asphalt, Off Street, Outside, See Remarks, Unassigned
Interior of 2411 S 5th St
Interior
Tile, Vinyl
Heating
Central
Fireplace
No
Exterior of 2411 S 5th St
Lot Description
Flat
Construction
Brick
Foundation
Slab
Additional Information On 2411 S 5th St
Days on Market
192
Zoning
MF-4
Foreclosure
No
Short Sale
No
RE / Bank Owned
No
Gated Community
No
Property History
Price Reduced from $1,550,000 to $1,400,000
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Data Provided By: Christies Intl Real Estate Lone Star(512) 270-8586. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from September 20th, 2026 at 7:30pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified.
