Active Listing  ·  4 days on market

1004 W Monroe St

Austin, TX 78704
$1,050,000
3 Bed 2 Bath 1,598 sqft $657/sqft Built 1947 0.14 acres Pool Capital Heights

Bouldin Creek charm at its finest. Set within one of Austin’s most beloved neighborhoods, this 1947 bungalow blends classic character with thoughtful updates—granite countertops, wood floors, French doors, stainless steel appliances, and ample storage. Three spacious bedrooms with vaulted ceilings and two well-appointed baths create a comfortable, versatile layout filled with natural light from every direction.

Alley access leads to a two-car carport and additional storage, tucked behind a deck that wraps around a majestic oak tree. Its canopy of shade sets the stage for effortless entertaining or quiet moments outdoors in Austin’s spring and fall.

Just minutes from everything that defines Austin living, you can walk or bike to Barton Springs, Zilker Park, Auditorium Shores, South Congress, and Lady Bird Lake. Dining, shopping, and entertainment are all close at hand, with downtown only moments away. This location delivers the perfect balance of convenience, lifestyle, and timeless appeal.

At $657/sqft, this home is priced 68% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1004 W Monroe St, Austin, TX 78704

Property Details

Price $1,050,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,598 sqft
Lot Size 0.14 acres (5,924.16 sqft)
Year Built 1947
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Capital Heights
County Travis
Zip Code 78704
$/sqft $657/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $22,803.63
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241934788
List Date August 20, 2026
Elementary School Zilker
Middle School Lively
High School Travis
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
2105 Goodrich Ave #7
Barton Skyline Garden Homes
$1,030,000 $481 3 bd / 4 ba 2,141 sqft , 2026-08-06
2611 Oak Crest Ave #B
Oak Ridge Heights Sec 01
$1,075,000 $622 3 bd / 3 ba 1,727 sqft , 2026-04-17
2301 S 5th St #5
South 05 Amd
$1,090,000 $529 3 bd / 4 ba 2,060 sqft , 2026-06-22
613 W Annie St #A
613 West Annie Street Condomin
$995,000 $639 2 bd / 3 ba 1,556 sqft , 2026-05-13
2003 Wilson St #1
J Bouldin Residences
$995,000 $492 2 bd / 3 ba 2,024 sqft , 2026-06-17

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
$5,040/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
$210,000
20% conventional investment loan

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

Estimated Gross Rent+$5,040
Principal + Interest−$5,730
Property Tax (~2.1% TX avg)−$1,838
Insurance (~0.5%)−$438
Est. Monthly Cash Flow $-2,966

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 21, 2026.

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