20
Map
$1,500,000
●
Land -
For Sale
2610 & 2606 Metcalfe RD
Austin, TX 78741
Studio
0 Bath
$8,331
Est. Monthly
About This Property
A rare opportunity to acquire approximately 2.44 acres of cleared
land in Central Austin. Comprised of two contiguous parcels, the
property offers a scale that is increasingly difficult to find in
Austin's urban core.
With existing structures removed, the site provides a clean foundation for future planning and development. Prior engineering and site planning work has been completed, offering valuable insight for purchasers evaluating the property's potential. Additional due diligence materials are available upon request. Ideally positioned with convenient access to Downtown Austin, Austin-Bergstrom International Airport, major employment centers, retail destinations, and key transportation corridors. The combination of location, acreage, and existing development-related work creates a compelling opportunity in one of Austin's most supply-constrained markets. Buyer to independently verify zoning, development standards, utility availability, subdivision requirements, environmental conditions, and intended use. Survey and additional property information available.
With existing structures removed, the site provides a clean foundation for future planning and development. Prior engineering and site planning work has been completed, offering valuable insight for purchasers evaluating the property's potential. Additional due diligence materials are available upon request. Ideally positioned with convenient access to Downtown Austin, Austin-Bergstrom International Airport, major employment centers, retail destinations, and key transportation corridors. The combination of location, acreage, and existing development-related work creates a compelling opportunity in one of Austin's most supply-constrained markets. Buyer to independently verify zoning, development standards, utility availability, subdivision requirements, environmental conditions, and intended use. Survey and additional property information available.
Unit Size
-
Days on Market
-
Land Size
2.44 acres
Price per sqft
-
Property Type
Land
Property Taxes
$965
HOA Dues
-
Year Built
1943
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (Unlock MLS #ACT1090264)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 29, 2026 | Listed by New Hope Realty Group | $1,500,000 | |
| Listed by New Hope Realty Group | |||
Property Highlights
Exterior Details
Waterfront Features: None
Other Structures: None
Lot Features: City Lot, Cleared
Lot Size Area: 106460.64
Lot Size Units: Square Feet
Lot Size Acres: 2.444
Lot Size Square Feet: 106460.64
Water Source: Public
Financial Details
Tax Assessed Value: $980,861
Tax Annual Amount: $11,580
Utilities Details
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About East Riverside-Oltorf
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Listed by: Carson Morgan
Listed Office: New Hope Realty Group - Listing courtesy of Unlock MLS
Phone: (512) 817-4093
Last Updated: 2026-06-30 04:01:24
Data Source: Unlock MLS, MLS# ACT1090264
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: New Hope Realty Group - Listing courtesy of Unlock MLS
Phone: (512) 817-4093
Last Updated: 2026-06-30 04:01:24
Data Source: Unlock MLS, MLS# ACT1090264
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. 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. Some IDX listings have been excluded from this website.
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