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SOLD
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$154,900

Last List Price

1196 M Franklin Ave #2, Austin, TX 78721

0.12

acres

Unimproved Land

About This Lot

Experience unmatched value with our exclusive Byrne Buyer Guarantee and tailored Buyer Mortgage Incentives partnerships! From saving thousands on closing costs to securing the best rates and a guarantee that ensures your satisfaction, we’re redefining what it means to buy with confidence. Call for Details! Discover a unique opportunity to invest in one of East Austin’s most desirable areas with this residential lot at 1196 E M Franklin Avenue. This prime piece of real estate offers endless possibilities for developers, builders, and visionaries looking to capitalize on the booming Austin market. Spanning a generous 5,369 Sq Ft, this lot provides the perfect canvas for creating your dream home or a profitable development project. With its ideal location just minutes from downtown Austin, this lot combines the tranquility of a residential neighborhood with the convenience of urban living. As required by the city, water service has been upgraded for two separate meters, leaving the new owner to only install their specific meter for use. The city allows for up to 2300 SF dwelling to be built. Don’t miss this rare chance to secure a piece of East Austin’s future. Whether you're a seasoned investor or looking to start your real estate journey, this residential lot is an opportunity you won’t want to pass up. Buyer to verify all MLS information. Do you have a house to sell? Call today to learn more about our tiered marketing programs.

Listings checked every few minutes. MLS# 2627719 was Last Updated: 03-14-2025.

Listed by Clay Byrne, Keller Williams Realty (512) 942-7880

Buyer Represented by Kristi Rowland, Keller Williams Realty (214) 802-4587

Neighborhood

Assigned Schools

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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.

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 from Airport Boulevard east and has experienced significant growth and transformation in recent years, evolving from a lower-income residential area to an increasingly diverse and dynamic neighborhood.

Explore MLK

What employers are near 1196 M Franklin Ave?

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

How does this property compare to others in MLK?

1196 M Franklin Ave is listed at $155K vs. the $599K median in MLK. Homes in MLK average 78 days on market.

MetricMLK
Median List Price$599K
Median Sold Price$538K
Average Days on Market78
Average Price per Sqft$423
Active Listings34

Market data as of May 2026.

Frequently Asked Questions

How much is 1196 M Franklin Ave?

1196 M Franklin Ave is listed for $154,900. It features 0.123 acres.

What neighborhood is 1196 M Franklin Ave in?

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

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

The asking price of $154,900 is 74.1% lower than the median lot price of $599K in MLK.

What are the details of 1196 M Franklin Ave?

1196 M Franklin Ave sits on 0.123 acres of land, and is a unimproved land style lot.