Active Listing  ·  8 days on market

1122 Mason Ave

Austin, TX 78721
$440,000
3 Bed 1 Bath 958 sqft $459/sqft Built 1966 0.15 acres Pool Harmony Heights Add Amd

Completely renovated and updated in 2021, this charming bungalow in Harmony Heights offers updated finishes, major system upgrades—including the roof, HVAC, water heater, and drain lines—and an expansive yard, all in a convenient East Austin location. The home makes smart use of its footprint, with a bright, comfortable interior that feels fresh and move-in ready. Right off the living room is a sweet and private patio, creating the perfect spot for quiet mornings with coffee or intimate dinners al fresco. Beyond that, an oversized backyard offers plenty of room for pets, gardening, or simply enjoying a little extra breathing room in the city. Just minutes from Givens District Park's pool, playground, sports courts, picnic areas, and trails, the home is also within a mile of Springdale General and Canopy, with local favorites like Uroko and Sa-Tén nearby. Head down East 12th for Nixta Taqueria and Sammataro Pizza, while Mueller and Downtown Austin are also within easy reach.

At $459/sqft, this home is priced 17% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1122 Mason Ave, Austin, TX 78721

Property Details

Price $440,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 958 sqft
Lot Size 0.15 acres (6,716.95 sqft)
Year Built 1966
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Harmony Heights Add Amd
County Travis
Zip Code 78721
$/sqft $459/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,262
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245141008
List Date September 30, 2026
Elementary School Sims
Middle School Garcia
High School Northeast 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
1115 Kirk Ave
Goodwin E C
$432,000 $460 3 bd / 1 ba 940 sqft , 2026-10-03
1123 Omega Ave #1
Omega Condos
$449,000 $468 2 bd / 3 ba 960 sqft , 2026-10-02
1117 Mansell Ave
Chernosky 08
$450,000 $371 3 bd / 2 ba 1,212 sqft , 2026-08-28
1206 Luna St #2
Chernosky No 9
$425,000 $465 2 bd / 3 ba 914 sqft , 2026-04-16
1215 Fort Branch Blvd #2
Lincoln Gardens 1
$425,000 $390 2 bd / 2 ba 1,090 sqft , 2026-08-10

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
$2,112/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
$88,000
20% conventional investment loan

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

Estimated Gross Rent+$2,112
Principal + Interest−$2,401
Property Tax (~2.1% TX avg)−$770
Insurance (~0.5%)−$183
Est. Monthly Cash Flow $-1,242

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 October 7, 2026.

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