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FOR SALE
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$399,000

2909 5th ST, Austin, TX 78702

Est. Mortgage $2,581/mo

2

beds

1

baths

884

sqft

0.16

acres

Single Family Residence
Built in 1945
0.16 Acre Lot
884 sqft
$451/sqft
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OVERVIEW

About this home

Discover the possibilities in one of East Austin's most exciting and rapidly evolving neighborhoods with this exceptional redevelopment and investment opportunity at 2909 E 5th Street. Situated on an oversized SF-3-NP zoned lot, this property offers the flexibility to renovate the existing home, build multiple units, or create your next standout project in one of the city's hottest urban corridors. The home is currently leased on a month-to-month basis, providing immediate rental income while you bring your vision to life. Looking for an even bigger opportunity? The neighboring property at 2907 E 5th Street is also available, creating the rare chance to assemble two side-by-side lots in a location where demand continues to grow. Enjoy everything that makes East Austin so desirable, with Plaza Saltillo, Lady Bird Lake, Metz Park, Joe's Bakery, neighborhood cafés, local breweries, live music, acclaimed restaurants, boutiques, and downtown Austin just minutes away. Whether you're an investor, builder, or developer, opportunities like this don't come around often, offering exceptional redevelopment potential in one of Austin's most vibrant neighborhoods.

Listings checked every few minutes. MLS# 9268803 was Last Updated: 07-16-2026.

Listed by Berkshire Hathaway TX Realty (512) 483-6000

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 Govalle

See all homes for sale in Govalle

What is the Govalle neighborhood like?

Govalle is an East Austin neighborhood located east of I-35 between Airport Boulevard and the Colorado River, adjacent to the Mueller redevelopment and the growing East Cesar Chavez corridor. Originally a historically affordable community with roots dating back to the early 1900s, Govalle has experienced significant gentrification over the past decade as East Austin's proximity to downtown has attracted new investment, restaurants, and higher-income buyers.

Explore Govalle

What employers are near 2909 5th ST?

  • Downtown Austin Employers (Technology & Professional Services)
  • Austin-Bergstrom International Airport (Aviation & Transportation)
  • Mueller Development Employers (Retail & Healthcare)

How does this property compare to others in Govalle?

2909 5th ST is listed at $399K vs. the $700K median in Govalle. The neighborhood average is $468/sqft. Homes in Govalle average 60 days on market.

MetricGovalle
Median List Price$700K
Median Sold Price$660K
Average Days on Market60
Average Price per Sqft$468
Active Listings61

Market data as of September 2026.

Frequently Asked Questions

How much is 2909 5th ST?

2909 5th ST is listed for $399,000. It features 2 bedrooms, 1 bathroom, 884 square feet, 0.1558 acres. Built in 1945.

What neighborhood is 2909 5th ST in?

2909 5th ST is located in the Govalle neighborhood of Austin, Texas.

How does 2909 5th ST compare to other homes in Govalle?

The asking price of $399,000 is 43.0% lower than the median home price of $700K in Govalle. At $451/sqft, it compares to the neighborhood average of $468/sqft.

What are the details of 2909 5th ST?

2909 5th ST was built in 1945, and sits on 0.1558 acres of land, and is a single family residence style home.