Active Listing  ·  238 days on market

102 W Covington Dr

Austin, TX 78753
$395,000
3 Bed 2 Bath 1,398 sqft $283/sqft Built 1960 0.26 acres 2-Car Garage Pool Eubank Acres Sec 02

North Austin Classic Neighborhood. Prestigious Eubank Acres. Perfect for modern lifestyle with 60's character. Move in ready. Big lot with ginormous oaks and park like backyard. Two living areas: a formal plus the open space of kitchen, dining and family areas. Splashy new kitchen countertops. Extra closet space in main bedroom. Fresh interior paint with new low maintenance floor coverings in all rooms Upgraded plumbing and electrical. Minutes to HEB, Home Depot and big box retailers. Short distance to the high tech, high rise "second downtown" area of the Domain. Quick access to major roadways Braker, Parmer, and Lamar. Three blocks to I 35. Walk to Walnut Creek Elementary School. A few minutes bike ride to the Walnut Creek Metropolitan Park. A short drive to Metro Light Rail and Q2 Soccer Stadium. Lots of space for kids and parties. Big tickets items all in good shape: New Hot Water Heater 2022 • New A/C Heat System 2021 • New Roof 2024. Owner thinks plenty of room for an ADU. Same property owner since 1979

At $283/sqft, this home is 28% 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

102 W Covington Dr, Austin, TX 78753

Property Details

Price $395,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,398 sqft
Lot Size 0.26 acres (11,268.97 sqft)
Year Built 1960
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Eubank Acres Sec 02
County Travis
Zip Code 78753
$/sqft $283/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,406.39
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT217650328
List Date January 28, 2026
Elementary School Walnut Creek
Middle School Dobie (Austin ISD)
High School Navarro 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.

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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 · January 28, 2026 $490,000
Previous ask $430,000
Current ask $395,000
Reduced $95,000 (-19.4%) 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
11907 Pollyanna Ave
Walnut Forest
$390,000 $250 3 bd / 2 ba 1,562 sqft , 2026-02-02
1015 Huntridge Dr
Gracywoods Sec 02
$389,000 $217 4 bd / 2 ba 1,795 sqft , 2026-07-17
1309 July Dr
Four Seasons Fall Sec
$375,000 $239 3 bd / 3 ba 1,572 sqft , 2026-07-02
11605 N Oaks Dr
North Oaks Sec 02
$375,000 $217 3 bd / 2 ba 1,726 sqft , 2026-09-04
11702 Hornsby St
Eubank Acres Sec 1
$420,000 $310 3 bd / 2 ba 1,356 sqft , 2025-08-01

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
$1,896/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
$79,000
20% conventional investment loan

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

Estimated Gross Rent+$1,896
Principal + Interest−$2,156
Property Tax (~2.1% TX avg)−$691
Insurance (~0.5%)−$165
Est. Monthly Cash Flow $-1,116

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 August 27, 2026.

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