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$700,000
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Property Description
The Fairview Portfolio - Core Travis Heights Investment - This unique opportunity consists of five contiguous properties located just east of South Congress Avenue in the highly sought-after Travis Heights neighborhood. The portfolio includes ten residential units-eight of which are currently leased-providing immediate income and value-add potential. Situated in an unbeatable location with walkable access to South Congress dining, retail, and nightlife, these properties are ideal for buy-and-hold investors or developers exploring multi-unit redevelopment options.
Full Property Details
Full Property Details for 1405 Drake Ave
General
- Price: $700,000
- Taxes: $13,817 (2025)
- Status: Active
- Type: Lots/Land
- Source: Austin_MLS
- MLS ID: 7088837
- Updated: 12/29/2025
- Added to Site: 208 day(s) ago
Additional Information
- Shared Amenities: Park
Location
- Area: 6
- County: Travis
- Subdivision: Fairview Park
- Driving Directions: Heading south on South Congress Avenue, turn east on Monroe and south onto Drake Avenue
School Information
- Elem School District: Austin ISD
- Midd School District: Austin ISD
- High School District: Austin ISD
- Elementary School: Travis Hts
- Middle School: Lively
- High School: Travis
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Structural Information
- Detached/Attached: Detached
Additional Structures
- Other Structures: None
Lot Features
- Property View: City
- Lot Size (Acres): 0.1138
- Lot Size (Sq. Ft.): 4,957.13
- Lot Features: Level
Financial Considerations
- Assessment Amount: $820,128
- Tax Amount: $13,817.07
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Aerial, Rent Rolls, Survey
- Multiple Parcels: Yes
- Legal Description: W50X97.2FT AV LOT 5 BLK 11 FAIRVIEW PARK
- Property ID: 3000110060000
- Block: 11
- Lot Number: 5
Listed by Compass RE Texas, LLC
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Schools
Schools serving 1405 Drake Ave
School District:Austin Independent School District
| Name | Grades | Distance |
|---|---|---|
Travis Heights Elementary School 2010 Alameda Drive, Austin, TX 78704 | K-5 | 0.5 mi |
Fulmore Middle School 201 East Mary Street, Austin, TX 78704 | 6-8 | 0.4 mi |
Travis High School 1211 East Oltorf Street, Austin, TX 78704 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1405 Drake Ave
Date
Details
Price
Change
Source
6/24/2025
Listed
$700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1405 Drake Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$16,253
—
$594,636
-27%
2024
$16,253
4%
$820,128
17%
2022
$15,622
—
$701,801
-11%
2022
$15,622
19%
$791,004
31%
2021
$13,170
33%
$605,029
36%
2020
$9,911
-6%
$445,100
-9%
2020
$10,541
8%
$491,454
10%
2018
$9,794
12%
$445,900
10%
2016
$8,744
-15%
$407,000
4%
2017
$10,281
15%
$392,104
1%
2015
$8,924
4%
$388,675
13%
2013
$8,540
—
$344,930
-1%
2013
$8,540
—
$346,699
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1405 Drake Ave
1405 Drake Avenue, Austin, TX 78704 (MLS# 7088837) is a Lots/Land property with a lot size of 0.1138 acres. 1405 Drake Avenue is currently listed for $700,000 and was received on June 24, 2025. Want to learn more about 1405 Drake Avenue? Do you have questions about finding other Lots/Land real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

