This property has sold on May 17, 2010. Looking for something similar? Contact us or browse available homes.

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-Package Deal with attractive financing in place, low $200,000k down payment, 8% interest only, private current note holder financing. -20 units with 20,150 Rentable Sq Ft and 39,823 sq ft of Land. $57 a sq ft of livable space, 29 af sq ft of land! Gentrifying neighborhood with strong rental upside. Current average rent of $625 per unit is well below the $850 market average. 8 percent current cap rate and 11 % at full occupancy! Purchase price is BELOW tax value
Property Type
Commercial Sale
Year Built
1971
Lot Size
0.91 acres
Listed by Frank Stier Lic Broker
Verified property facts
3806 is listed by Frank Stier Lic Broker. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Mar 25, 2026.
This page does not assume a mortgage rate or publish a monthly payment for 3806. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Mar 25, 2026, 3806 is offered at $1,150,000. The current MLS snapshot shows 137 active listings in 78704. Keenan Group has completed 46 verified transactions in 78704 within its 1,000+ completed transactions and $1B+ career volume across Austin. See Keenan Group's South Congress guide for current neighborhood analysis.
3806 was built in 1971 (55 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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Foundation
2 records on file
Every recorded listing, sale, and lease at 3806, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.
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% ($230K)
Adjustable assumption - not a lending recommendation.
$1,150,000
Luxury property intelligence
A sourced read on South Congress pricing, timing, and property scale. No automated valuation claim.
List price
$1,150,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
+170.6%
$425K · South Congress neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$1.2M original
Active inventory context
22 listings
Price Position in South Congress
Listed 171% above the South Congress neighborhood guide reference price. South Congress neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Mar 25, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in South Congress
Active listings and buyer search context in South Congress
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District guide, nearby schools, and homes by attendance area
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#1 ABOR Team 2024 with $1B+ career sales volume
South Congress is one of Austin's established neighborhoods in the 78704 area. The Keenan Group has specialized in South Congress 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)
2 events on record
Current Price
$1,150,000
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.
Best Match
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Neighborhood guide and local insights
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.
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