Active Listing  ·  574 days on market

1108 Vasquez St

Austin, TX 78741
$330,000
3 Bed 2 Bath 1,280 sqft $258/sqft Built 1952 0.14 acres Pool Chernosky 16

Seller Financing Available! Purchase price of $375,000 with 20% down and an 8% interest rate, offering a flexible financing option for investors.

Located in the heart of East Austin, 1108 Vasquez St presents an excellent investment opportunity in one of Austin's fastest-growing neighborhoods. The property has been substantially remodeled and improved in recent years, providing updated living spaces while still offering value-add potential. While many upgrades have been completed, some items may still require attention or repairs, including portions of the flooring and other cosmetic improvements.

Currently tenant-occupied and generating rental income of $2,300 per month, with a lease in place through 2027. The tenant may consider vacating prior to lease expiration if purchased by an owner-occupant.

Situated on a functional lot, the property may offer potential for a two-unit development (buyer to independently verify), making it attractive as both a cash-flowing rental and a long-term land investment.

The property also features a remodeled detached shed in the backyard, providing flexible space ideal for a home office, studio, workshop, gym, or creative workspace.

Conveniently located near Downtown Austin, Austin-Bergstrom International Airport, major highways, restaurants, entertainment, and the vibrant East Austin arts and dining scene.

Whether you're looking for immediate rental income, seller financing, future development potential, or a strategic land hold in a rapidly appreciating area, 1108 Vasquez St offers versatility and opportunity.

Listing photos were taken prior to tenant occupancy. Some photos may have been virtually staged and digitally enhanced to illustrate the property's potential. Only 2 Friday per month available for showings.

At $258/sqft, this home is 34% 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

1108 Vasquez St, Austin, TX 78741

Property Details

Price $330,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,280 sqft
Lot Size 0.14 acres (5,967.72 sqft)
Year Built 1952
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Chernosky 16
County Travis
Zip Code 78741
$/sqft $258/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT190560959
List Date February 26, 2025
Elementary School Allison
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.

Schedule a Call →

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
706 Valdez St #2
Valdez Condominiums
$329,900 $303 2 bd / 3 ba 1,087 sqft , 2026-07-10
6014 FAIRWAY St #2
6014 Fairway Street Site Condo
$329,900 $270 3 bd / 3 ba 1,224 sqft , 2026-08-22
917 Vargas Rd #B
VARGAS ROAD SITE CONDOMINIUMS
$340,000 $330 2 bd / 2 ba 1,031 sqft , 2026-08-21
6406 Felix Ave #2
6406 Felix Avenue Site Condos
$319,900 $294 3 bd / 3 ba 1,088 sqft , 2026-08-11
2101 Rivers Edge Way #32
Riverside Villas
$349,000 $235 3 bd / 3 ba 1,488 sqft , 2026-03-06

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
$1,584/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
$66,000
20% conventional investment loan

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

Estimated Gross Rent+$1,584
Principal + Interest−$1,801
Property Tax (~2.1% TX avg)−$578
Insurance (~0.5%)−$138
Est. Monthly Cash Flow $-933

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 June 2, 2026.

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