Rare opportunity to own a .24 acre lot in the highly sought-after Hancock/North University area of Central Austin. Just minutes from the University of Texas, DKR Stadium, and the Moody Center, this prime location offers unbeatable access to the city’s educational, cultural, and entertainment hubs. Zoned to support up to three housing units (feasibility study attached - buyer to verify all zoning feasibility), the lot presents a compelling investment opportunity in one of Austin’s most rapidly growing and desirable neighborhoods. With demand for centrally located housing on the rise, this property offers incredible flexibility—ideal for modern rentals, short-term stays, or a long-term multi-family hold. The potential for appreciation and strong rental income makes this a smart addition to any investment portfolio. Even better, the adjacent lot is also available, offering the chance to double your development potential and further strengthen your long-term return. Opportunities like this are increasingly rare in Central Austin— Secure your spot in one of Austin’s most promising growth corridors and capitalize on the city’s booming demand for smart, well-located housing.*Buyer to verify all details. *
Features of 4308 Red River St
MLS® #
9995000
Price
$700,000
Bedrooms
2
Bathrooms
2.00
Full Baths
2
Square Footage
1,450
Acres
0.24
Year Built
1953
Type
Residential
Sub-Type
Single Family Residence
Status
Active Under Contract
Has Pool
No
Water Feature/View
View
Neighborhood
Is Waterfront
No
Community Information: Austin
Address
4308 Red River St
Area
4
Subdivision
Hancock
City
Austin
County
Travis
State
TX
Zip Code
78751
Amenities of 4308 Red River St
Utilities
Electricity Available, Fiber Optic Available, Natural Gas Available, Other, Sewer Connected, Water Connected
Features
Park, Sidewalks, Curbs
Parking
Driveway, Off Street
# of Garages
1
Interior of 4308 Red River St
Interior
Wood, See Remarks
Appliances
Dishwasher, Free-Standing Gas Range, Gas Range, Refrigerator, Stainless Steel Appliance(s)
Heating
Central
Fireplace
No
# of Stories
1
Stories
One
Exterior of 4308 Red River St
Exterior Features
See Remarks
Lot Description
Back Yard, Front Yard, Near Golf Course, Near Public Transit
Roof
Composition
Construction
Stone
Foundation
Pillar/Post/Pier
School Information
District
Austin ISD
Elementary
Lee
Middle
Kealing
High
McCallum
Additional Information On 4308 Red River St
Days on Market
135
Foreclosure
No
Short Sale
No
RE / Bank Owned
No
Gated Community
No
Property History
Status Changed from Active to Active Under Contract
Price Reduced from $800,000 to $700,000
Price Reduced from $900,000 to $800,000
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: Bramlett Partners512-655-9248. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from October 13th, 2025 at 11:46pm 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.
