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FOR SALE
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$245,000

Reduced $70K

4640 Marlo DR, Austin, TX 78723

Est. Mortgage $1,519/mo

0.18

acres

Unimproved Land
0.18 Acre Lot
$1,384,181/acre
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OVERVIEW

About this lot

Exceptional Central Austin development opportunity on a beautifully wooded and gently sloped lot in highly desirable 78723. Tucked into a quiet, secluded-feeling pocket surrounded by mature trees and natural surroundings, while still offering quick access to Mueller (only 5 minutes to Mueller HEB and parks!), Downtown, UT, the airport, restaurants, shopping, and major roadways. Utilities available at the street including water/wastewater, electric, and gas (buyer to verify). Current regulations may allow up to 3 residential units (buyer to independently verify all zoning, development, subdivision, utility, and building requirements with the City of Austin). Excellent opportunity for builders, investors, or buyers seeking a rare infill lot with strong development potential in one of Austin’s most rapidly evolving and desirable central neighborhoods.

Listings checked every few minutes. MLS# 3633562 was Last Updated: 09-11-2026.

Listed by Tina Barrett, Broker (512) 699-6577

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 4640 Marlo DR?

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

How does this property compare to others in MLK?

4640 Marlo DR is listed at $245K 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 4640 Marlo DR?

4640 Marlo DR is listed for $245,000. It features 0.177 acres.

What neighborhood is 4640 Marlo DR in?

4640 Marlo DR is located in the MLK neighborhood of Austin, Texas.

How does 4640 Marlo DR compare to other lots in MLK?

The asking price of $245,000 is 48.4% lower than the median lot price of $475K in MLK.

What are the details of 4640 Marlo DR?

4640 Marlo DR sits on 0.177 acres of land, and is a unimproved land style lot.