About This Home

Prime East Austin location with incredible development potential! This flat, cleared double lot sits at over 15,000 sqft and offers approximately 100 feet of frontage. Surrounded by new construction and ongoing development, this property presents an excellent opportunity for builders, investors, or those looking to create a custom new construction project. Conveniently located just minutes from Downtown Austin, major roadways, dining, entertainment, and all that East Austin has to offer. Bring your plans and take advantage of this highly desirable location!

At $292/sqft, this home is 26% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1006 Lott Ave, Austin, TX 78721

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Property Details

Price $299,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,024 sqft

Lot Size 0.35 acres (15,333.12 sqft)

Year Built 1960

Garage ,

Stories ,

Type Residential · See Remarks

Subdivision Green Valley 02

County Travis

Zip Code 78721

$/sqft $292/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $7,925.59

Pool ,

Waterfront ,

New Construction ,

MLS # ACT249165795

List Date October 7, 2026

Elementary School Ortega

Middle School Martin

High School Northeast Early College

School District ,

Have Questions About This Property?

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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

1811 Webberville Rd #1209
East Grove Condominiums $299,000 $286 2 bd / 2 ba 1,045 sqft , 2026-05-27

1811 Webberville Rd #1210
East Grove Condominiums $299,000 $286 2 bd / 2 ba 1,044 sqft , 2026-09-17

1105 Richardine Ave
Brooksdale $300,000 $401 3 bd / 1 ba 748 sqft , 2025-12-01

1616 Webberville Rd #A
Flournoy's Eastern Hills Sec 4 $315,000 $438 2 bd / 1 ba 720 sqft , 2026-01-07

1107 Gardner Cv
Johnston Terrace Sec 05 $275,000 $235 4 bd / 2 ba 1,170 sqft , 2026-07-30

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

$1,435/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

$59,800

20% conventional investment loan

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

Estimated Gross Rent+$1,435

Principal + Interest−$1,632

Property Tax (~2.1% TX avg)−$523

Insurance (~0.5%)−$125

Est. Monthly Cash Flow $-845

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

About the Author

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 October 8, 2026.

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

1006 Lott Ave

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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