1401 Drake Ave Austin, TX ^$ 1,200,000

1401 Drake Ave

^$ 1,200,000

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1401 Drake Ave

Austin, TX, 78704

^$ 1,200,000

Studio Baths0.0

Monthly Estimate*

^$ 7,486

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Studio

Lots and Land for sale in Austin, TX

for $1,200,000. The lot size is 0.1968.

The Fairview Portfolio – Core Travis Heights Investment - This unique opportunity consists of five contiguous properties located just east of South Congress Avenue in the highly sought-after Travis Heights neighborhood. The portfolio includes ten residential units—eight of which are currently leased—providing immediate income and value-add potential. Situated in an unbeatable location with walkable access to South Congress dining, retail, and nightlife, these properties are ideal for buy-and-hold investors or developers exploring multi-unit redevelopment options.

Lots and Land Active

Price

^$ 1,200,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 14,834

Style

Multiple Lots (Adjacent)

Lot Size

0.1968

Town/City

Austin

County/Region

Travis

MLS | Web ID

2598544

Features

General

Sewer Public Sewer

Utilities Electricity Connected

Zoning SF-3

View Downtown

Property Subtype Multiple Lots (Adjacent)

Tax Year 2025

Waterfront Features None

Community Features None

County Travis

New Construction N

Property Type Land

HOA N

Subdivision Name Fairview Park

Other Structures None

Status Active

Directions Heading south on South Congress Avenue turn east on Monroe and south onto Drake Avenue

High School Travis

City Austin

Disclosures Seller Provided Survey Available

MLS Area 6

Lot Size Square Feet 8572.61

Elementary School Travis Hts

Tax Annual Amount 14834.63

Middle/Junior High School Lively

Additional Parcels Y/N Y

Standard Status Active

Tax Assessed Value 1017134

Exterior

Lot Features None

Water Source Public

Lot Size Acres 0.1968

Waterfront Y/N N

Horse Y/N N

Horse Amenities None

Interior

Total Bedrooms 0

Total Baths 0

Internal Only

Street Number 1 1401

* Excluded Features

List By

Sam Archer

Listing Agent

Compass Re Texas, Llc

Broker

sam@archeraustin.com

Affordability Calculator

$8,723

Per Month

Monthly Principal & Interest: $7,486
Monthly Property Taxes: $1,236
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Austin, TX

Average List Price ^$1,067,243

Percent of Sale Price 11%

About Austin, TX

937,069 Population

36% Since 2002

^$66,040 Median Income

34.22 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4360179 Elementary School

4360250 Middle School

Travis High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/24/2025	$1,200,000		Listed Price

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1401 Drake Ave, Austin, TX, 78704 is a Lots and Land for sale at $1,200,000 with a lot size of 0.1968. 1401 Drake Ave is a studio with 0.0 baths. The property's zip code is 78704 which is in Austin, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Austin Board of REALTORS(r)(alternatively, from ACTRIS)

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Austin Board of REALTORS(r)(alternatively, from ACTRIS) . Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS(r), ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied."

Data is updated as of 12/18/2025.

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1401 Drake Ave

Lots and Land for sale in Austin, TX

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