Active Listing  ·  370 days on market

1002 Walter St

Austin, TX 78702
$650,000
3 Bed 2 Bath 1,164 sqft $558/sqft Built 1983 0.16 acres Pool Rosewood Village Sec 8

East Austin opportunity featuring a home with an ADU under construction on the same lot, plus a storage shed.

The main residence is complete and offering 3 bedrooms, 2 full bathrooms, a kitchen, living room, and dining area.

The second structure (ADU) has the exterior fully finished while the interior remains under construction—providing an excellent opportunity to complete and customize. The ADU floor plan includes a first level designed for a kitchen, living room, dining room, and office. The second level is planned for 2 bedrooms, 2 bathrooms, and a balcony. Once finished, this space could serve as additional living quarters, a rental property, or an investment opportunity. (Agents: Please conduct your own due diligence)

Located in the sought-after East Austin area, this property provides convenient access to Downtown Austin, Plaza Saltillo, Lady Bird Lake, restaurants, entertainment, and more.

Agents: Please conduct your own due diligence. No survey available. Property sold As-Is.

At $558/sqft, this home is priced 43% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1002 Walter St, Austin, TX 78702

Property Details

Price $650,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,164 sqft
Lot Size 0.16 acres (6,926.04 sqft)
Year Built 1983
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Rosewood Village Sec 8
County Travis
Zip Code 78702
$/sqft $558/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,295
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT204472452
List Date August 18, 2025
Elementary School Oak Springs
Middle School Kealing
High School Eastside Early College
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.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · August 18, 2025 $770,000
Previous ask $660,000
Current ask $650,000
Reduced $120,000 (-15.6%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
3204 Lyons Rd #1
Delzell Sec 02
$650,000 $440 3 bd / 3 ba 1,476 sqft , 2026-08-15
1709 Chicon St
Bremond Walter Jr Resub
$650,000 $576 3 bd / 2 ba 1,128 sqft , 2026-08-19
3116 Prado St #2 None
Govalle
$650,000 $677 2 bd / 2 ba 960 sqft , 2026-08-22
3103 Garwood St #2
Brass G M
$649,000 $480 3 bd / 3 ba 1,352 sqft , 2026-06-04
2710 E 3rd St
Anthony W B
$639,957 $476 3 bd / 3 ba 1,344 sqft , 2026-03-26

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
$3,120/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
$130,000
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (~2.1% TX avg)−$1,138
Insurance (~0.5%)−$271
Est. Monthly Cash Flow $-1,836

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 August 18, 2026.

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