About This Home

Tear down opportunity in East Austin! Located at 1117 Mansell Ave, this property offers the chance to bring your vision to life in an established area with convenient access to all that Austin has to offer. Whether you're considering a future homesite, investment opportunity, or other potential use, this lot is ready for its next chapter. No survey available. Buyer and buyer’s agent to independently verify all information, including but not limited to lot size, boundaries, zoning, permitted uses, utilities, restrictions, building requirements, development potential, and availability of city services. Being sold alongside 1115 Mansell.

At $371/sqft, this home is 6% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1117 Mansell Ave, Austin, TX 78721

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $450,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,212 sqft

Lot Size 0.22 acres (9,491.72 sqft)

Year Built 1935

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Chernosky 08

County Travis

Zip Code 78721

$/sqft $371/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $8,224.43

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT245070006

List Date August 28, 2026

Elementary School Norman-Sims

Middle School Martin

High School Northeast Early College

School District ,

Have Questions About This Property?

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

3101 Govalle Ave #209
Govalle $450,000 $401 2 bd / 2 ba 1,123 sqft , 2026-06-07

1123 Omega Ave #1
Omega Condos $449,000 $468 2 bd / 3 ba 960 sqft , 2026-07-23

3600 Jetson Way #6
George $449,000 $302 2 bd / 3 ba 1,486 sqft , 2026-07-30

3101 Govalle Ave #207
Govalle $460,000 $315 3 bd / 2 ba 1,459 sqft , 2026-08-14

1705B Perez St
Chernosky 10 $465,000 $297 3 bd / 3 ba 1,568 sqft , 2026-07-09

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

$2,160/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

$90,000

20% conventional investment loan

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

Estimated Gross Rent+$2,160

Principal + Interest−$2,456

Property Tax (~2.1% TX avg)−$788

Insurance (~0.5%)−$188

Est. Monthly Cash Flow $-1,272

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 September 1, 2026.

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

1117 Mansell Ave

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

More Luxury Homes in Austin

Explore Austin Real Estate