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Verified property facts
3228 E 5th St is listed at $2,275,000 with 0 bedrooms, 0.35-acre lot. This places it above the 78702 median of $722,250.
3228 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.
3228 E 5th St is a Commercial Sale built in 1980 featuring 0 bedrooms, 0.35-acre lot.
3228 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.
With 20% down ($455,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 3228 E 5th St is around $15,975 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#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.
Located in the heart of East Austin, 3228 E 5th Street offers a rare opportunity to own an industrial-style property with exceptional visibility and access. This corner-lot site spans 15,246 square feet and features a 3,700-square-foot metal warehouse, currently operating as an auto repair shop. Zoned GR-MU-NP, the property allows for a wide range of commercial and mixed-use possibilities, making it ideal for investors, owner-users, or creative operators looking for flexibility and long-term potential in one of Austin’s most dynamic areas.
The building sits just minutes from Austin’s urban core—approximately 2.5 miles (about 8 minutes) to Downtown Austin, 2.5 miles (about 7 minutes) to Springdale General, and 6 miles (around 12 minutes) to Austin-Bergstrom International Airport. The location combines the energy of the East Side with convenient access to major roadways, making it highly accessible for business operations or customer traffic.
Surrounded by East Austin’s growing mix of industrial, creative, and culinary destinations, the property is steps away from local favorites like Pueblo Viejo and nearby coffee trucks such as Fleet Coffee’s mobile setup at Cosmic Saltillo—adding to the property’s authentic neighborhood charm and walkable vibe.
With its generous lot size, versatile zoning, and proximity to downtown, 3228 E 5th Street stands out as a prime East Austin property offering both utility and future development potential.
Property Type
Commercial Sale
Year Built
1980
Lot Size
0.35 acres
Garage
12 spaces
Listed by 3rd Angle Realty LLC
Property Details
Flooring
Construction
Foundation
Parking
District context schools are shown because address-level assigned school fields are not available for this property. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($455K)
$2,275,000
Luxury property intelligence
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List price
$2,275,000
Price per sqft
Not available
Vs. East Austin median
+191.7%
$780K median
Days on market
196 days
Original to current
$220K reduction
$2.5M original
Active inventory context
19 listings
Price Position in East Austin
Listed 192% above the East Austin median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 10, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $2,275,000, 3228 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).
3228 E 5th St was built in 1980 (46 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 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)
Best Match
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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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