About This Home

East Austin investment opportunity on a .27-acre corner lot with tall, lush trees. The existing home offers renovation potential, while the lot provides options for future redevelopment, expansion, or new construction, subject to the buyer verifying zoning and city requirements. Convenient location with quick access to Downtown Austin, Mueller, Austin-Bergstrom International Airport, Airport Blvd., Springdale Rd., and MLK Blvd. Large corner lots of this size are increasingly difficult to find in East Austin.

At $1,122/sqft, this home is priced 185% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1104 Brass St, Austin, TX 78702

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Property Details

Price $700,000

Status Active Listing

Beds 2

Full Baths 1

Half Baths ,

Living Area 624 sqft

Lot Size 0.28 acres (12,018.2 sqft)

Year Built 1941

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Buratti & Cherico

County Travis

Zip Code 78702

$/sqft $1,122/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $8,554.16

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT231795071

List Date May 30, 2026

Elementary School Govalle

Middle School Kealing

High School Eastside Early College

School District ,

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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 · May 30, 2026 $1,000,000

Previous ask $850,000

Current ask $700,000

▼ Reduced $300,000 (-30.0%) 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

1124 Tillery St
Division A $675,000 $842 2 bd / 1 ba 802 sqft , 2026-07-18

1176 Graham St
Keystone Add $495,000 $625 2 bd / 1 ba 792 sqft , 2026-03-30

1183 Coleto St
Foster $469,000 $647 2 bd / 1 ba 725 sqft , 2026-03-31

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

$3,360/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

$140,000

20% conventional investment loan

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

Estimated Gross Rent+$3,360

Principal + Interest−$3,820

Property Tax (~2.1% TX avg)−$1,225

Insurance (~0.5%)−$292

Est. Monthly Cash Flow $-1,977

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 August 21, 2026.

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

1104 Brass St