205, Austin, TX 78704

205, 207, and 209 Woodward Street present a rare urban infill redevelopment opportunity in Austin’s highly sought-after 78704 submarket, totaling approximately 0.72 acres directly across from St. Edward's University. Currently comprised of three (3) adjacent lots improved with three (3) single-family homes, the assemblage offers immediate utility and income potential while supporting exceptional long-term redevelopment upside for up to nine (9) units.

Additionally, the adjacent property at 201 Woodward Street — a separate 0.37-acre parcel improved with a 1,680 SF home and under separate ownership — is also being marketed concurrently, creating the potential opportunity to expand the assemblage footprint to approximately 1.09 acres in one of Austin’s most active redevelopment corridors.

Situated just 0.1 miles from South Congress Avenue, the property provides immediate connectivity to Downtown Austin, the St. Elmo Arts District, Interstate 35, and U.S. Highway 290.

• 205 Woodward Street | 9,842 SF Lot | 1,599 SF Home • 207 Woodward Street | 11,614 SF Lot | 1,580 SF Home • 209 Woodward Street | 9,912 SF Lot | 1,085 SF Home • Adjacent Opportunity: 201 Woodward Street | 0.37 Acres | 1,680 SF Home (Separate Listing / Separate Ownership)

The three-property assemblage at 205, 207, and 209 Woodward Street in Austin's Woodward Industrial District represents a rare convergence of immediate utility and transformative potential across 0.72 acres in 78704. Positioned directly across from St. Edward's University and mere blocks from South Congress Avenue, this acquisition delivers three occupied single-family homes generating current income while commanding one of Austin's most strategically positioned redevelopment sites.

The primary residence at 205 Woodward Street anchors the compound with 1,599 square feet on a 9,842-square-foot lot, while 207 Woodward Street provides 1,580 square feet on 11,614 square feet of land. The third home at 209 Woodward Street contributes 1,085 square feet on a 9,912-square-foot lot. Combined, the three structures occupy the full 0.72-acre parcel in a configuration that has generated stable residential income while retaining exceptional development optionality.

Location defines the true value. The property sits 0.1 miles from South Congress Avenue, the spine connecting downtown Austin directly through the St. Elmo Arts District. Immediate access to Interstate 35 and Highway 290 places major employment centers within 15-25 minutes: Apple's Austin campus on Parmer Lane, Tesla's Gigafactory on Harold Green Road, Oracle's offices in downtown, and Dell Technologies' operations across central Texas all function as practical commute anchors. Austin Bergstrom International Airport stands 20 minutes southeast via I-35.

The Austin Independent School District serves the area, with Galindo Elementary, Lively Middle School, and Travis High School defining the educational infrastructure. South Congress Avenue's transformation into Austin's most vibrant commercial and cultural corridor has already begun reshaping property values in the immediate secondary ring neighborhoods.

Current zoning and entitlements support up to nine residential units on the assembled site, positioning sophisticated developers to capture both near-term cash flow from three stabilized homes and the long-term appreciation embedded in a location where South Congress Avenue's continued evolution continues to push property values outward from downtown. The combination of immediate cash generation, strategic geographic positioning relative to Austin's major employment corridors, and substantial redevelopment capacity makes this an uncommon opportunity for investors seeking both income and appreciation in one of Austin's most transformational neighborhoods.

South Congress is the only street in Austin where you can buy custom cowboy boots, eat handmade sushi at a ten-seat counter, and watch 1.5 million Mexican free-tailed bats take flight from a bridge - all within a half-mile walk. That density of experience makes this neighborhood different from every other part of the city. It is a real neighborhood where people live full lives, and the commercial strip at its center happens to be the most photographed street in Texas.

The corridor runs along Congress Avenue south of Lady Bird Lake, roughly from the bridge to Oltorf Street, with residential streets extending east and west. Downtown is a ten-minute walk across the Congress Avenue Bridge. The Texas Capitol is visible from the north end. Perla's does coastal seafood on a patio that becomes a scene on weekends. Home Slice Pizza has had a line since the day it opened. Aba serves Mediterranean with a rooftop view. June's All Day handles the all-day cafe role. Otoko is one of the most exclusive dining experiences in Texas. Magnolia Cafe remains a late-night institution. Jo's Coffee is where the famous mural lives, and Lenoir offers a prix fixe wine garden.

Craftsman bungalows from the 1920s through 1940s give the neighborhood its character, with front porches and mature pecan trees. Modern condominiums line the avenue itself. Contemporary townhomes fill spaces between. Bungalows on decent lots start around $700,000 and can exceed $1.5 million. Condos range from the mid-$400s to over $2 million for luxury high-rise units with downtown views. Lot sizes for single-family homes are small, often under a tenth of an acre, which keeps the density high and the walkability real.

Travis Heights Elementary serves many addresses and carries a loyal following among families wanting a diverse, walkable community. Fulmore Middle School and Travis High School are the secondary feeders. The schools are urban public schools in the truest sense: diverse student bodies, active parent organizations, and programs that benefit from a central location. Some families supplement with Austin Montessori and other private options nearby.

The street itself is a walking experience: vintage clothing, record shops, galleries, and restaurants on both sides of a wide sidewalk. Barton Springs Pool is a short walk west. Blunn Creek Greenbelt cuts through the residential streets. The Lady Bird Lake Boardwalk puts residents on the water trail system without driving. The Congress Avenue Bridge bat colony draws crowds March through October. Social energy peaks on weekend evenings when the avenue fills and patios at Perla's and Home Slice spill onto sidewalks.

South Congress is not directly comparable to suburban luxury neighborhoods because the product is fundamentally different. East Austin has more new construction and grittier energy. Travis Heights is quieter with larger lots. Rainey Street has been consumed by high-rises. South Congress maintains a balance between commercial energy and residential livability none of those can match. The bungalows have proven to be strong long-term holds.

South Congress is for buyers who want to live inside Austin's cultural heartbeat. It works for couples, creatives, and professionals who prioritize walkability and social energy over square footage. It works for investors who understand that a Craftsman bungalow on a South Congress side street is one of the scarcest asset classes in the city.