Property photo 1
FOR SALE
Property photo 2
Property photo 3
Property photo 4
Property photo 5
Property photo 6
Property photo 7
Property photo 8
Property photo 9
Property photo 10
1 of 10

$200,000

Reduced $20K

1196 EM Franklin Ave, Austin, TX 78721

Est. Mortgage $1,193/mo

0.10

acres

Unimproved Land
0.10 Acre Lot
$1,968,504/acre
Request property documents
OVERVIEW

About this lot

Build Your Dream Vision in the Heart of East AustinDiscover the ultimate architectural canvas at 1196 E.M. Franklin Ave, a premier residential lot situated in Austin’s vibrant and rapidly evolving 78721 zip code. Offering a generous 0.123-acre footprint (approx. 5,357 sqft), this property represents a rare opportunity to secure a foothold in one of Austin's most sought-after urban neighborhoods. This blank slate features a beautifully flat topography surrounded by mature, medium-sized trees, providing the perfect blend of natural Eastside soul and modern urban convenience.Bring your favorite builder and architect to design a custom single-family home or a lucrative modern investment property. Positioned on a quiet, low-traffic pocket of the street, you are just minutes away from downtown Austin, the Mueller development, and the city’s favorite local coffee shops, dining, and nightlife hubs. Utilities are located nearby at the street. Don't miss this opportunity to claim your piece of the East Austin skyline! Property & Development HighlightsLot Size: 0.123 Acres / 5,357 SqFt Zoning & Potential: Ideal footprint for a high-end single-family build. Natural Features: Flat, buildable terrain with beautiful established tree coverage. Location Perks: Minutes to Downtown Austin, UT Austin, and the Eastside’s best culinary hotspots. School District: Feeds into highly accessible Austin ISD campuses.

Listings checked every few minutes. MLS# 4631001 was Last Updated: 09-11-2026.

Listed by Compass RE Texas, LLC (512) 575-3644

Listing courtesy of Unlock MLS as distributed by MLS Grid. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but is not guaranteed accurate by MLS Grid or Unlock MLS.

More homes for sale in MLK

See all homes for sale in MLK

What is the MLK neighborhood like?

MLK neighborhood is an established east Austin community located 3 miles east of the University of Texas campus in Travis County. The area extends east from Airport Boulevard and has seen substantial new construction and commercial investment in recent years.

Explore MLK

What employers are near 1196 EM Franklin Ave?

  • University of Texas at Austin (Education)
  • Apple (Technology)
  • Google (Technology)

How does this property compare to others in MLK?

1196 EM Franklin Ave is listed at $200K vs. the $475K median in MLK. Homes in MLK average 79 days on market.

MetricMLK
Median List Price$475K
Median Sold Price$510K
Average Days on Market79
Average Price per Sqft$354
Active Listings35

Market data as of September 2026.

Frequently Asked Questions

How much is 1196 EM Franklin Ave?

1196 EM Franklin Ave is listed for $200,000. It features 0.1016 acres.

What neighborhood is 1196 EM Franklin Ave in?

1196 EM Franklin Ave is located in the MLK neighborhood of Austin, Texas.

How does 1196 EM Franklin Ave compare to other lots in MLK?

The asking price of $200,000 is 57.9% lower than the median lot price of $475K in MLK.

What are the details of 1196 EM Franklin Ave?

1196 EM Franklin Ave sits on 0.1016 acres of land, and is a unimproved land style lot.