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1201 W 8th ST, Austin, TX 78703

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For Sale

$2,300,000

0.18 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 0.2 acres
    Lot size

Explore this Property

Builder Redevelopment Opportunity in Prime Clarksville Located in one of Austin s most walkable and in-demand neighborhoods, 1201 W 8th St is a rare redevelopment opportunity that checks every box for builders and developers. Formerly a church and now a 6-plex, this 8,002 SF flat corner lot is zoned MLT FAM DWLG (Multi-Family Dwelling) and offers a flexible foundation for your next high-end project. There are currently 6 Bedrooms, 5 bathrooms and it could easily be 6 bathrooms. There are 6 electric and gas meters and each apartment has a stove fridge. There are 3 washers and dryers on the property. With all city utilities available at the street and easy access from Blanco Street, South Lamar, and both 5th and 6th Streets, this site is ideal for a teardown and new construction. Clarksville continues to outperform the broader market, with new construction selling between $900 $1,050/SF and design-forward homes averaging under 15 days on market. Condo units directly behind the property at 620 Blanco are selling for $3M+ each, offering a potential resale value of $5.4M $9M, depending on the build configuration. Whether your vision is a luxury single-family residence, multi-unit build, or boutique condo development, this site delivers the zoning, location, and demand to support it. Buyers in this area are high-income professionals, relocators, and second-home owners who place a premium on walkability. From this lot, you re just steps from Clark s Oyster Bar, Whole Foods HQ, Swedish Hill, Better Half Coffee, Pease Park, and the Lady Bird Lake Trail. The property is zoned to the sought-after Mathews Elementary School and sits among some of the most desirable infill builds in the city. With no HOA restrictions, unmatched location, and multiple exit strategies, this is a rare opportunity to build in one of Austin s strongest performing submarkets. If you're seeking flexibility, lifestyle appeal, and long-term value in Central Austin, 1201 W 8th is the one.
MLS# 4926911

Courtesy Of REAL BROKER LLC

(855) 450-0442

Property Features

  • Architecture Style
    Other
  • Lot Size
    0.18 Acres

Map and Directions

Directions to 1201 W 8th ST, Austin, TX 78703

Home seller CENTURY 21 Randall Morris & Associates

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CENTURY 21 Randall Morris & Associates

(512) 353-1776
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.