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2813-2827 Metcalfe RD
About This Property
Approximately 2.12 acres across eight contiguous, individually platted lots zoned SF-3-NP in a highly connected Central Austin location. With Austin's HOME Initiative and continued redevelopment throughout the area, this rare assemblage presents a unique opportunity to acquire multiple adjacent parcels in an established and evolving corridor.
Located just minutes from South Congress Avenue, Downtown Austin, I-35, and Austin-Bergstrom International Airport, the property offers exceptional connectivity to major employment, entertainment, and transportation hubs.
Situated in the Parker Lane area, the property consists of eight subdivided lots available individually or as a package. Surveys and platting have been completed, corner markers are in place, and the lots have been partially cleared, reducing some of the upfront due diligence and site preparation work often associated with infill land acquisitions. Utilities are believed to be available at the street, with buyers encouraged to verify capacity and connection requirements.
The property backs to City of Austin-owned land planned for future greenbelt and hike-and-bike trail improvements and sits across from recently rebuilt Linder Elementary School. Planned trail connectivity is expected to provide direct access to nearby CapMetro bus stops, enhancing transportation options and connectivity throughout the area.
Opportunities to acquire multiple adjacent, individually platted lots under common ownership in Central Austin are increasingly hard to find, making this a compelling infill opportunity for builders, developers, and investors seeking to scale in one of Austin's most accessible growth corridors.
Supporting due diligence materials, including surveys and plat documents, are available from listing agent. Buyers to independently verify information.
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
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| Sep 30, 2026 | Withdrawn | - | |
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| Mar 19, 2026 | Listed by New Hope Realty Group | $1,500,000 | |
| Listed by New Hope Realty Group | |||
| Aug 6, 2025 | Listed by New Hope Realty Group | $350,000 | |
| Listed by New Hope Realty Group | |||
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Presenting a unique opportunity to acquire one or multiple contiguous buildable lots located just minutes from iconic South Congress Avenue and Downtown Austin. This rare assemblage of nine adjacent parcels—zoned SF-3-NP—offers flexibility for custom homebuilders, investors, or developers seeking infill opportunities in one of Austin’s most dynamic and accessible neighborhoods. Situated in the Parker Lane area, these lots sit directly across the street from the newly rebuilt Linder Elementary School, offering exceptional neighborhood value. To the rear, a large greenbelt area recently acquired by the City of Austin is being transformed into parkland with a planned hike-and-bike trail, ensuring no backyard neighbors and lasting green space appeal. Quick access to I-35 and Ben White/US-71 places daily essentials within easy reach. Downtown Austin is less than 10 minutes away, and Austin-Bergstrom International Airport is typically under a 15-minute drive. Multiple CapMetro bus stops are near the site, providing convenient public transit options and connections to key employment, education, and entertainment hubs. Each lot is individually platted and partially cleared, with utilities available at the street (buyer to verify). Property surveys and corner markers are in place. Assemble all nine parcels or select individual lots to match your project scope—an excellent opportunity in a fast-growing, highly accessible Austin location. Zoning (SF-3-NP): Typically allows single-family or duplex and permits an Additional Dwelling Unit; recent HOME updates enable up to three units on SF-3 lots citywide, subject to site limits and NP overlays (buyer to verify).
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| Dec 1, 2024 | No longer available | - | |
| No longer available | |||
| Dec 17, 2023 | Listed by New Hope Realty Group | $3,500,000 | |
| Listed by New Hope Realty Group | |||
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Rare multi-lot devolvement opportunity in the Parker Lane Neighborhood of Austin, Texas. 13 platted and addressed lots totaling 8.77 acres less than 3 miles from downtown and only 6 miles to the Austin airport. Zoned SF-3 which allows duplexes, however recent City Council zoning changes look to allow much more density (see: Austin HOME code amendments). A large lot in the center of the property contains Country Club Creek and a majority of the flood zone and utility easements leaving 12 lots ready to build. New surveys are available. Be one of the first to capitalize on Austin’s new zoning changes. Complete list of Addresses and APN numbers available
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017