4617 Richmond Ave
Austin, TX, 78745
$500,000
3 Beds
1 Baths
952 SqFt
0.23 Acres
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MLS #9828994 image #0MLS #9828994 image #1MLS #9828994 image #2
Investor/Developer Opportunity in 78745 – Prime South Austin Location!

Unlock the potential of this nearly QUARTER ACRE lot nestled in the highly desirable Greenwood Forest neighborhood off South Menchaca. Located on a quiet, tree-lined street surrounded by mature oaks and established homes, this property offers the rare combination of privacy and proximity to everything Austin has to offer.

The existing 1960s single-story home features 3 bedrooms, 1 bath, and a one-car garage, with a striking stone facade. The home itself is either a tear down or would require an extensive remodel. Whether you’re looking to tear down or a full remodel/redevelopment, the flat, spacious lot offers multiple possibilities for value-add or new construction.

Zoned SF-3 and located in a highly desirable central South Austin location seeing strong growth and redevelopment, this is an ideal canvas for investors or builders looking to capitalize on consistent demand in Austin’s popular 78745. Ample lot depth and a wide footprint provide flexibility for larger modern builds, duplexes, or high-end remodels (buyer to verify zoning/development potential).

Enjoy quick access to S. Menchaca, Ben White/290, and all the best of South Austin – just minutes from Radio Coffee, Central Market, Wheatsville, S. Lamar, and Downtown. This is your chance to invest in this coveted pocket of Austin.

Don’t miss this prime opportunity – take a tour today!

Property Details

Price:
$500,000
MLS #:
9828994
Status:
Active
Beds:
3
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Greenwood Forest Sec 02
Listed Date:
Nov 4, 2025
Finished Sq Ft:
952
Lot Size:
9,862 sqft / 0.23 acres (approx)
Year Built:
1964
Greenwood Forest Sec 02Austin IsdJoslinCovingtonCrockett

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Schools

School District:
Austin ISD
Elementary School:
Joslin
Middle School:
Covington
High School:
Crockett

Interior

Appliances
Gas Water Heater
Bathrooms
1 Full Bathroom
Cooling
Wall/Window Unit(s)
Flooring
See Remarks
Heating
None

Exterior

Community Features
Curbs, Google Fiber
Exterior Features
Private Yard
Other Structures
Shed(s)
Parking Features
Door-Single, Driveway, Garage, Garage Faces Front
Roof
Composition, Shingle

Financial

Taxes
$9,187

Map

Community

Subdivisions in Austin

Market Summary

Current real estate data for Single Family in Austin as of Nov 05, 2025
3,835
Single Family Listed
102
Avg DOM
395
Avg $ / SqFt
$1,017,017
Avg List Price

Property Summary

    Located in the Greenwood Forest Sec 02 subdivision, 4617 Richmond Ave Austin TX is a Single Family for sale in Austin, TX, 78745. It is listed for $500,000 and features 3 beds, 1 baths, and has approximately 952 square feet of living space, and was originally constructed in 1964. The current price per square foot is $525. The average price per square foot for Single Family listings in Austin is $395. The average listing price for Single Family in Austin is $1,017,017. To schedule a showing of MLS#9828994 at 4617 Richmond Ave in Austin, TX, contact your Stripe Realty agent at 512-439-2122.

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