DOUBLE OPPORTUNITY: Great Duplex or Lot for Double Million Dollar Home Build (HUGE LOT)
Nestled in one of South Austin’s most sought-after and rapidly evolving neighborhoods, this property offers a rare opportunity to own in the heart of a vibrant, high-growth area. Surrounded by modern new construction—where builders are transforming lots into stylish two-unit residences—this property sits right in the path of progress.
Currently configured as a duplex, the home provides immediate income potential or flexibility for multi-generational living. With the right vision, it can be thoughtfully remodeled to maximize value, updated for today’s lifestyle, or reimagined to align with the surrounding trend of contemporary new builds.
The lot itself is a standout feature—offering ample space and positioning ideal for redevelopment or expansion. Whether you’re an investor, builder, or homeowner looking to create something special, the possibilities here are wide open.
Located just minutes from South Austin’s best dining, live music, parks, and local hotspots, this property blends urban convenience with neighborhood charm. Opportunities like this—where location, flexibility, and upside all come together—don’t come around often.
Listed by Bryan Webb
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License #515234
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Webb Real Estate LLC
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(512) 415-7379
Last updated April 25, 2026
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Source: ACTRIS #6361594
Listing Facts
TypeMulti-family
NeighborhoodSouth Manchaca
Days on Prevu8
Taxes$9,636.71/year
Size1,584 sqft
Price per sqft$252
Amenities
Dishwasher
Private Outdoor Space
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
04/24/2026
Listed by Webb Real Estate LLC
$399,000
Property Details for 1303 Falcon CV
Exterior
Construction
Property Condition: See Remarks
Roof: Composition, Shingle
Year Built: 1971
Construction Materials: Frame
Features
Direction Faces: North
Measurements
Lot Features: Cul-De-Sac, Few Trees, Level, Pie Shaped Lot
Lot Size Acres: 0.24
Lot Size Area: 0
Lot Size Square Feet: 10,798
Financial
Taxes
Parcel Number: 04121004310000
Tax Annual Amount: $9,636.71
Tax Assessed Value: $470,891.00
Tax Year: 2025
Interior
Features
Appliances: See Remarks, Dishwasher, Free-Standing Range, Refrigerator
Flooring: See Remarks, Laminate, No Carpet
Interior Features: Ceiling Fan(s), High Speed Internet, No Interior Steps
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 1303 Falcon CV.
What schools are nearby to 1303 Falcon CV?
Nearby schools include the Joslin Elementary School, Covington Middle School, and Crockett High School.
What are the annual taxes for 1303 Falcon CV?
Annual taxes for this multi-family home are estimated at $9,636.
How does 1303 Falcon CV compare to other multi-family homes in South Manchaca?
This multi-family home is listed 60% below the average price for multi-family homes in South Manchaca and has been on the market for 71 less days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 1,584 sqft.
1303 Falcon CV is a -bedroom multi-family home for sale in Austin TX 78745. On Prevu for 8 days at $399,000. This home features 1,584 square feet of living space, located in South Manchaca. The median listing price for multi-family homes in this area is $700,000. Nearby schools include Joslin Elementary School, Covington Middle School, and Crockett High School. Property amenities include private outdoor space, dishwasher, air conditioning, and parking. Explore more multi-family home listings in Austin.
Based on information from ACTRIS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.