Active Listing  ·  2 days on market

1021 Gardner Rd

Austin, TX 78721
$249,900
3 Bed 1 Bath 1,170 sqft $214/sqft Built 1972 0.18 acres Pool Johnston Terrace Sec 07

Don’t miss this great investment opportunity in East Austin! This 3-bedroom, 1-bathroom home offers 1,170 sq ft of living space on a spacious lot with a fully fenced backyard and beautiful mature shade trees. Located within walking distance of the highly acclaimed Liberal Arts and Science Academy (LASA).

The garage has been enclosed and has air conditioning, providing additional usable space and even more possibilities. Recent HVAC and ductwork are another plus. With no HOA restrictions, a large lot, and a great East Austin location, this property has so much potential. The home does need some work, but it’s priced with that in mind and offers a great opportunity for an investor or buyer ready to make it their own. Lots of possibilities in a rapidly growing and sought-after area!

At $214/sqft, this home is 45% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1021 Gardner Rd, Austin, TX 78721

Property Details

Price $249,900
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,170 sqft
Lot Size 0.18 acres (7,858.22 sqft)
Year Built 1972
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Johnston Terrace Sec 07
County Travis
Zip Code 78721
$/sqft $214/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,749.78
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243086890
List Date August 12, 2026
Elementary School Govalle
Middle School Martin
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.

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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
1124 Spur St
Pecan Valley
$269,000 $244 3 bd / 1 ba 1,104 sqft , 2026-02-18
1112 Terry Dr
Hobbs Add
$275,000 $181 4 bd / 4 ba 1,521 sqft , 2025-10-13
1107 Gardner Cv
Johnston Terrace Sec 05
$300,000 $256 4 bd / 2 ba 1,170 sqft , 2026-07-30
1060 Gardner None
Johnston Terrace
$305,000 $206 3 bd / 2 ba 1,478 sqft , 2026-07-06
1122 Spur #D St #D
Pecan Valley
$330,000 $288 3 bd / 2 ba 1,144 sqft , 2026-05-14

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
$1,200/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
$49,980
20% conventional investment loan

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

Estimated Gross Rent+$1,200
Principal + Interest−$1,364
Property Tax (~2.1% TX avg)−$437
Insurance (~0.5%)−$104
Est. Monthly Cash Flow $-705

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 13, 2026.

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