Active Listing  ·  92 days on market

1122 Spur #D St #D

Austin, TX 78721
$330,000
3 Bed 2 Bath 1,144 sqft $288/sqft Built 1959 0.15 acres Pool Pecan Valley

Exceptional redevelopment opportunity in the heart of East Austin, one of the city’s most dynamic and rapidly evolving neighborhoods. Ideally positioned near major thoroughfares with quick access to Downtown Austin, Austin-Bergstrom International Airport, The University of Texas, and some of the city’s most celebrated restaurants, coffee shops, entertainment venues, and cultural hotspots, this property offers the perfect canvas for a visionary buyer, builder, or investor. The existing structure is ready for its next chapter, making way for the potential to create a stunning custom residence with additional income-producing or multigenerational possibilities through an accessory dwelling unit (buyer to verify zoning and development potential with the City of Austin). Surrounded by continued growth, modern development, and strong demand, this is a rare chance to secure a homesite in a prime urban location where lifestyle, convenience, and long-term upside converge.

At $288/sqft, this home is 26% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1122 Spur #D St #D, Austin, TX 78721

Property Details

Price $330,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,144 sqft
Lot Size 0.15 acres (6,555.78 sqft)
Year Built 1959
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Pecan Valley
County Travis
Zip Code 78721
$/sqft $288/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,553.04
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229369882
List Date May 14, 2026
Elementary School Ortega
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.

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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
1811 Webberville Rd #1206
East Grove Condominiums
$339,000 $291 2 bd / 2 ba 1,165 sqft , 2026-07-08
1181 Oakgrove Ave
Homewood Heights
$314,999 $348 2 bd / 1 ba 904 sqft , 2026-01-11
1813 Rhodes Rd
Owens Murray
$312,800 $315 2 bd / 2 ba 992 sqft , 2026-06-12
1421 Berene Ave
Cedar Valley
$349,000 $317 3 bd / 1 ba 1,101 sqft , 2026-06-04
4709 Leslie Ave
Cedar Valley
$349,999 $329 3 bd / 1 ba 1,064 sqft , 2026-04-09

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
$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 May 28, 2026.

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