Outstanding opportunity for investors and builders in the heart of East Austin. Situated on a 0.15-acre lot zoned SF-3, 803 Vargas Rd offers the flexibility to construct up to two units—ideal for a duplex, an A&B build, or a single-family residence with an ADU. The property currently includes only a carport and storage shed, providing a true blank canvas for new construction. With no existing home to remove, you can move straight into planning and design—streamlining your timeline and maximizing your return potential. Surrounded by steady redevelopment, new homes sales and rental rates are confirming the strong demand and value growth within this thriving 78741 pocket. The location offers quick access to Downtown Austin, major highways, and Austin-Bergstrom International Airport, while nearby Lady Bird Lake and Roy G. Guerrero Park deliver trails, green space, and outdoor recreation just minutes away. Directly across the street, 800 Vargas Rd is also available. Together, these two SF-3 zoned properties create a rare opportunity to control facing lots—allowing for up to four potential units across both parcels (buyer to confirm city building guidelines, tax rates, and school information).