Active Listing  ·  70 days on market

1008 W 22nd St

Austin, TX 78705
$1,999,000
6 Bed 4 Bath 2,720 sqft $735/sqft Built 2010 0.16 acres Pool Peterson

Rare opportunity to own a high-performing investment property in the heart of Austin’s sought-after UT West Campus rental corridor. Thoughtfully designed for maximum functionality, this turnkey 6-bedroom, 3.5-bath property features 2 laundry rooms, abundant on-site parking, eligibility for additional street parking permits, and walkability to The University of Texas campus. | With a proven track record of leasing 2–3 years in advance, the property offers the stable occupancy and reliable income investors seek in one of Austin’s most resilient rental markets. Well built, meticulously maintained, and efficiently operated by the current owner, the asset delivers strong NOI with low overhead and minimal management demands. | Also ideal for families looking to secure housing for UT students, this property presents a unique opportunity to build long-term equity while providing convenient campus-area living with room for roommates to help offset ownership costs. | 3D Walking Tour is available in the Virtual Tour Link and Floor Plan is in Documents. | Tenant occupied — please do not disturb. Showings by appointment with 24-hour advance notice. Detailed financials and lease information available to qualified buyers only; proof of funds or lender pre-approval required prior to disclosure. | www.1008west22nd.com

At $735/sqft, this home is priced 88% 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

1008 W 22nd St, Austin, TX 78705

Property Details

Price $1,999,000
Status Active Listing
Beds 6
Full Baths 3
Half Baths 1
Living Area 2,720 sqft
Lot Size 0.16 acres (6,769.22 sqft)
Year Built 2010
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Peterson
County Travis
Zip Code 78705
$/sqft $735/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $15,386.89
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229925316
List Date May 26, 2026
Elementary School Bryker Woods
Middle School O Henry
High School Austin
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
2014 E 10th St
Grandview Place
$1,999,000 $572 6 bd / 5 ba 3,492 sqft , 2026-03-19
5805 Chesterfield Ave
Skyview Sec 01
$1,999,000 $614 5 bd / 5 ba 3,256 sqft , 2026-05-03
3309 Stardust Dr
Allandale Park Sec 04
$1,999,000 $713 5 bd / 4 ba 2,804 sqft , 2026-06-29
1521 Madison Ave
Crestview Add Sec 05
$1,998,500 $609 5 bd / 5 ba 3,281 sqft , 2026-06-16
1914 E 8th St
Grandview Place
$1,995,000 $570 6 bd / 5 ba 3,500 sqft , 2026-05-15

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
$9,595/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
$399,800
20% conventional investment loan

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

Estimated Gross Rent+$9,595
Principal + Interest−$10,909
Property Tax (~2.1% TX avg)−$3,498
Insurance (~0.5%)−$833
Est. Monthly Cash Flow $-5,645

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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