Active Listing  ·  14 days on market

108 Irene St

Elgin, TX 78621
$214,999
3 Bed 2 Bath 1,412 sqft $152/sqft Built 1961 0.17 acres Pool Dannelley

Welcome to 108 Irene St—an updated, move-in ready home just minutes from downtown Elgin’s shops, dining, and local charm.Inside, you’ll find a bright, functional layout with an open kitchen featuring shaker cabinets that flows easily into the main living area—great for everyday living or hosting. The home offers 3 bedrooms, 2 full bathrooms, plus a flexible bonus space ideal for a home office or study. Step outside to a spacious, fully fenced backyard with a brand-new fence installed in Spring 2026—perfect for pets, entertaining, or creating your own private outdoor space. A solid blend of updates, space, and location—ready for its next owner.

At $152/sqft, this home is 33% below the Elgin active market average of $228/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

108 Irene St, Elgin, TX 78621

Property Details

Price $214,999
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,412 sqft
Lot Size 0.17 acres (7,501.03 sqft)
Year Built 1961
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Dannelley
County Bastrop
Zip Code 78621
$/sqft $152/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,230.62
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251241781
List Date October 29, 2026
Elementary School Harvest Ridge
Middle School Elgin
High School Elgin
School District Elgin ISD

Elgin ISD

Harvest Ridge · Elgin · Elgin

Luke Allen (TREC #788149) has deep knowledge of Elgin 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 Elgin

Comparable Listings Right Now

Homes currently for sale in Elgin 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
322 McClendon Dr
Elgin Meadows
$209,000 $142 4 bd / 2 ba 1,469 sqft , 2026-10-20
504 W 2nd St
Elgin City
$224,999 $213 2 bd / 1 ba 1,054 sqft , 2025-05-01
102 Stubblefield Dr
Elgin Meadows
$199,500 $121 3 bd / 2 ba 1,647 sqft , 2026-01-26
305 Maple Ln
Hillside Sub
$199,000 $153 3 bd / 2 ba 1,304 sqft , 2025-12-28
610 Mogonye Ln
Mogonye
$195,000 $149 2 bd / 1 ba 1,306 sqft , 2026-09-16

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
$1,032/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
$43,000
20% conventional investment loan

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

Estimated Gross Rent+$1,032
Principal + Interest−$1,173
Property Tax (assumed ~2.1%)−$376
Insurance (assumed ~0.5%)−$90
Est. Monthly Cash Flow $-607

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 Elgin, TX

Elgin 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 · 41 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. The written content was last updated on November 3, 2026.

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

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