Active Listing  ·  12 days on market

1001 E 39th St

Austin, TX 78751
$749,000
2 Bed 2 Bath 1,016 sqft $737/sqft Built 1946 0.13 acres Pool Hancock

Freshly painted inside and outside showcases the beautiful hardwoods. One of the bathrooms was recently remodeled. Lots of windows allows great light. Property is centrally located and close to UT, Downtown, and Hyde Park with its many shops, Fresh Plus and restaurants. Its ready for its next buyer.

At $737/sqft, this home is priced 88% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1001 E 39th St, Austin, TX 78751

Property Details

Price $749,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,016 sqft
Lot Size 0.13 acres (5,749.92 sqft)
Year Built 1946
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Hancock
County Travis
Zip Code 78751
$/sqft $737/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,202.18
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246388096
List Date September 10, 2026
Elementary School Lee
Middle School Kealing
High School McCallum
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
4907 Harmon Ave
Ridgetop
$799,999 $758 3 bd / 1 ba 1,055 sqft , 2024-07-02
4413 Barrow Ave
Eichelbergers Ruby Sub Am Lt
$839,900 $668 3 bd / 2 ba 1,257 sqft , 2026-08-27
2702 E 22nd St
Austin Heights
$649,000 $492 2 bd / 1 ba 1,318 sqft , 2026-08-28
1701 Simond Ave #304
Parkside/Mueller Condos
$550,000 $473 2 bd / 2 ba 1,162 sqft , 2026-04-23
304 W 42nd St
Hyde Park
$550,000 $558 1 bd / 1 ba 986 sqft , 2026-07-16

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$3,595/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$149,800
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$3,595
Principal + Interest−$4,088
Property Tax (~2.1% TX avg)−$1,311
Insurance (~0.5%)−$312
Est. Monthly Cash Flow $-2,116

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 12, 2026.

📞 (254) 718-2567 [email protected] More about Luke →