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2909 E 5th St, Austin, TX, 78702

2beds
1baths
884sqft
$399,000
$451price/sqft
$3,027/moest. monthly cost
$121,080/yrincome needed

About This Home

Exceptional opportunity in the heart of East Austin, where walkability, growth, and development converge. Located at 2909 E 5th Street, this oversized lot offers multiple paths forward—renovate the existing home, build new construction, or explore redevelopment options under current SF-3-NP zoning. The property is currently leased on a month-to-month basis, providing immediate rental income while future plans take shape. An added opportunity exists with the adjacent property at 2907 E 5th Street also available, allowing for a rare site assembly in a highly desirable East Austin corridor. The location is a true standout—just moments from Plaza Saltillo, Lady Bird Lake, Metz Park, Joe’s Bakery, Blue Owl Brewing, and a variety of local cafés and neighborhood favorites. Easy access to downtown Austin, public transit, major employers, and everyday essentials makes this an ideal setting for development or long-term investment. Opportunities like this are increasingly rare in East Austin, offering flexibility, location, and upside in one of Austin’s most dynamic areas.

Getting Around

80
WalkingVery Walkable
49
TransitSome Transit
98
BikeBiker's Paradise

Schools

2/10
Govalle Elementary SchoolGrades PK-60.8 mi
1/10
Martin Middle SchoolGrades 7-81.2 mi
1/10

Construction

Condition

  • Property condition: See Remarks
  • Year built: 1945

Materials

  • Foundation: Raised
  • Roof: Composition

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: See Remarks

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 2

Features

  • See Remarks
  • Window features: Wood Frames
  • Flooring: Wood

Heating & Cooling

  • Heating features: See Remarks
  • Cooling features: Other

Interior Area

  • Total interior livable area: 884 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 02021207040000
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Front Porch
  • Exterior features: See Remarks,Private Yard
  • Fencing: Chain Link, Wood
  • Has view: Yes
  • View description: None
  • Waterfront features: None

Lot

  • Lot size: 6,786 sqft
  • Features: Level,Trees-Medium (20 Ft - 40 Ft),Trees-Sparse

Parking

  • Parking features: Driveway

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Hail
    HailRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Tornado
Hail
Heat Wave
Inland Flooding
Lightning
Strong Wind

FEMA Declared Disasters Across Texas Counties

Flood
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,017$24,204
Home Insurance *$101$1,212
Property Taxes $671$8,052
Electricity $238$2,859
Total$3,027$36,324
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$103,782/yr
40% on housing$90,810/yr
45% on housing$80,720/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.4%
6.4%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$451This listing

vs Other Active Listings

Avg $/sqft

ZIP 78702$329
Travis County$334

vs Homes Sold Last Month

Median $/sqft

ZIP 78702$459
Travis County$233

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-11-20Price change$450,000
2025-08-12Listed for sale$500,000
2025-03-29Listing removed$530,000
2025-02-25Price change$530,000
2025-01-23Listed for sale$596,500
2024-09-20Listing removed$625,000
2024-07-03Price change$625,000
2024-06-01Price change$650,000
2023-09-15Listed for sale$700,000
2023-07-11Listing removed--
2023-05-24Price change$695,000
2023-05-11Price change$790,000
2023-04-17Listed for sale$820,000
2023-03-30Listing removed--
2023-03-12Listed for sale$850,000
2022-09-26Listing removed--
2022-08-13Listed for sale$774,900
2022-07-23Listing removed--
2022-06-12Listed for sale$770,000
2022-06-01Listing removed--
2022-04-25Price change$850,000
2022-04-22Price change$890,000
2022-03-28Listed for sale$899,500
2021-12-21Listing removed--
2021-11-29Listed for sale$899,500

For Sale by Agent

AgentMary Fealkoff
BrokerageBerkshire Hathaway TX Realty

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