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Austin · Chernosky 15

$219,000 31 days on market

Reduced from $249,000 · −12%

1400 Vargas Rd, Austin, TX 78741

  • 3bedrooms
  • 1bathrooms
  • 884sqft
  • 0.16acres
  • 1947year built

About this home

Prime opportunity in the sought-after Riverside area, where this lot can have MULTIPLE STRUCTURES on it. it is just 8 minutes from the airport and under 15 minutes to Downtown Austin, hike and bike trails, and walking distance to IDEA Charter campus, and a Public Elementary School. Surrounded by East Austin’s vibrant eateries, with a mini-Domain area, a new 65,000 s.f. music venue, and approved light rail.
The property is sold AS-IS, offering a full rehab and possible multifamily structure opportunity. Please note, the HOME IS INACCESSIBLE due to current property conditions. Lockbox is UNAVAILABLE, and buyers are advised to view through windows only. Buyers are strongly encouraged to conduct due diligence. While the existing structure needs significant repairs, the lot’s location ensures easy access to major highways and city amenities. This distressed property has DO NOT ENTER signs posted on the house. No Realtor FOR SALE SIGNS on property.

Ideal for investors looking to redevelop in one of Austin’s fastest-growing neighborhoods. Don’t miss this chance to capitalize on a rare opportunity in a booming area.

Property

Type
Single Family Residence
Levels
One
Year built
1947
Lot size
0.16 acres
Subdivision
Chernosky 15
MLS #
ACT8770365

Inside

Bedrooms
3
Bathrooms
1
Living area
884 sqft

Schools

Elementary
Allison
High school
Eastside Early College
District
Austin ISD

Costs

Est. annual taxes
$4,648 (2025)

Listing

First listed
Apr 8, 2026
Days listed
31
Original price
$249,000
Status
Active

Listed by Kathy Almaraz, Keller Williams Realty · [email protected] · MLS# ACT8770365 · Active

Estimate your monthly payment

Loan

Down payment
%
0%10%20%30%40%50%
Loan term
Interest rate (%)
3%5%7%9%

Yearly costs

Monthly payment

$0

Total monthly

Principal & interest
$0
Property tax
$0
Insurance
$0
HOA
$0
Loan amount
$0

Estimate only. Tax / insurance defaults are typical Texas figures; your actual numbers will vary. Talk with a lender for a real quote — I can refer you to one I trust.

Where this home sits

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