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Verified property facts
2907 E 5th St is listed at $450,000 with 2 bedrooms, 1 full bathrooms, 652 square feet, 0.16-acre lot.
2907 E 5th St is zoned for Austin ISD with assigned schools: Govalle (2/10) (elementary), Martin (2/10) (middle), Eastside Early College (4/10) (high). School assignments should be verified directly with the district.
2907 E 5th St is in East Austin, Austin, Texas. See the full [East Austin neighborhood guide](/neighborhoods/east-austin) for market data, schools, and lifestyle details.
2907 E 5th St is a Residential built in 1920 featuring 2 bedrooms, 1 full bathrooms, 652 square feet, 0.16-acre lot.
2907 E 5th St is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listing timeline with current price, original ask, and market time.
Exceptional opportunity in the heart of East Austin, where walkability, growth, and development converge. Located at 2907E 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 2909 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 cafe's 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.
Property Type
Residential
Year Built
1920
Lot Size
0.16 acres
$/Sq Ft
$690
Listed by Berkshire Hathaway TX Realty
Property Details
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($90K)
$450,000
Luxury property intelligence
A sourced read on East Austin pricing, timing, and property scale. No automated valuation claim.
List price
$450,000
Price per sqft
$690/sqft
Vs. East Austin median
-42.3%
$780K median
Days on market
96 days
Original to current
No verified reduction
$450K original
Active inventory context
19 listings
Price Position in East Austin
Listed 42% below the East Austin median
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 8, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
2907 E 5th St is priced at $690 per square foot across 652 sqft. The East Austin median list price is $780,000.
With 20% down ($90,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 2907 E 5th St is around $3,160 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $450,000, 2907 E 5th St is in the East Austin market where there are currently 130 active listings in 78702. The Keenan Group has completed 17 transactions in 78702 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [East Austin guide](/neighborhoods/east-austin).
2907 E 5th St was built in 1920 (106 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
East Austin is one of Austin's established neighborhoods, zoned for Austin ISD in the 78702 area. The Keenan Group has specialized in East Austin real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
3 events on record
Current Price
$450,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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Neighborhood guide and local insights
East Austin is the only neighborhood in the city where you can walk from a James Beard Award-winning restaurant to a converted warehouse gallery to a live music venue to a craft cocktail bar without ever getting in your car. That walkability, combined with a building boom that has reshaped the housing stock over the past decade, makes East Austin the most dynamic real estate market in Central Texas. East Austin stretches from I-35 on the west to Highway 183 on the east, with Lady Bird Lake forming the southern boundary and roughly MLK Boulevard marking the northern edge of the 78702 core. The 78722 zip extends the identity further north and east. Downtown is immediately across I-35 - five minutes by car, 15 by bicycle. East Cesar Chavez, East 6th, and East 7th serve as commercial corridors, each with its own personality. East Cesar Chavez leans toward taquerias and family shops, East 6th trends cocktail bars and restaurants, East 7th mixes galleries with newer retail. Modern townhomes and duplexes make up about 35% of sales activity, concentrated on infill lots. Original shotgun bungalows and Craftsman homes account for 25%, mostly on quieter streets east of Chicon - typically 800 to 1,200 square feet on generous lots with ADU potential. Contemporary custom homes represent 15%, with architects like Bercy Chen and Alterstudio producing some of the most interesting residential design in Texas. Unrenovated bungalows start in the mid-$400s. Renovated historic homes with ADUs land between $700,000 and $1 million. New townhomes cluster around $600,000 to $900,000. Custom builds cross $1.5 million. East Austin falls within Austin ISD. Zavala Elementary and Blackshear Elementary handle early grades. Martin and Kealing Middle Schools are the primary options, with Kealing's magnet program drawing students districtwide. Eastside Memorial High School serves the area, though many families opt for LASA, private schools, or open-enrollment options. The school landscape is more complex than in neighborhoods with a single feeder pattern, and specific addresses matter. The lifestyle is what people picture when they think of modern Austin. Morning starts at Cenote or Fleet Coffee. Franklin Barbecue's line forms early, but locals order ahead. The dining concentration is remarkable. Suerte does modern Mexican with in-house nixtamal. Nixta Taqueria won a James Beard Award. Launderette turns a converted laundromat into one of Austin's best brunch spots. Canje brings Caribbean cooking to Holly Street. Kemuri Tatsu-Ya fuses izakaya with smokehouse. Via 313 has been making Detroit-style pizza since before the current boom. The Butler Trail, Boggy Creek Greenbelt, Roy Guerrero Park, and Mueller Lake Park provide outdoor options. East Austin offers urban density and walkability unmatched outside downtown, at prices that undercut the west side significantly. Compared to South Congress, it provides more housing variety and better value per square foot. Compared to Mueller, it trades master-planned orderliness for more character. The main concerns are the pace of change and the east-west infrastructure divide, which has narrowed but still shows in some areas. East Austin is for buyers who want to live in Austin's cultural energy rather than commute to it. It fits people who eat out frequently, bike to work, and value diversity of experience. It works for investors who see ADU potential in the generous lots. If you need a large lot, a quiet cul-de-sac, or a top suburban school, look elsewhere. But if you want to walk out your front door and feel the pulse of what makes Austin different from every other Texas city, there is no better address.
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