This fantastic build opportunity is in a prime location sandwiched between South Lamar, Galindo and Bouldin on a flat lot. This great location is a stone's throw from South Austin Neighborhood Park and hot South Congress in highly sought after south Austin. This MF-3 zoned property has an APPROVED Site Development Permit ($200,000 and 12 months to obtain) plus a full and complete set of Architectural plans (construction documents) for a multi-family unit (7). Alternatively, the lot has feasibility study shows an ideal opportunity for 3 single-family units or a single-family home. See attached documents for details. Seller is a licensed commercial broker.
Features of 2421 S 5th St
MLS® #
6480985
Price
$849,000
Bathrooms
0.00
Acres
0.21
Type
Land / Farm
Sub-Type
Unimproved Land
Status
Active
Has Pool
No
Water Feature/View
View
None
Is Waterfront
No
Community Information: Austin
Address
2421 S 5th St
Area
6
Subdivision
2421 S 5th Street Sub
City
Austin
County
Travis
State
TX
Zip Code
78704
Amenities of 2421 S 5th St
Utilities
Electricity Available
Features
None
Interior of 2421 S 5th St
Fireplace
No
Exterior of 2421 S 5th St
Lot Description
Moderate Trees, Trees Medium Size
School Information
District
Austin ISD
Elementary
Dawson
Middle
Lively
High
Travis
Additional Information On 2421 S 5th St
Days on Market
558
Zoning
MF3 lot
Foreclosure
No
Short Sale
No
RE / Bank Owned
No
Gated Community
No
Property History
Price Reduced from $899,000 to $849,000
Price Reduced from $949,000 to $899,000
Price Reduced from $989,000 to $949,000
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: Moreland Properties(512) 480-0848. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from October 13th, 2025 at 3:49pm 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.
