Active Listing  ·  57 days on market

1136 Eleanor St

Austin, TX 78721
$425,000
2 Bed 2 Bath 1,249 sqft $340/sqft Built 1940 0.28 acres Pool Green Valley 01

This charming 2-bedroom, 2-bath Craftsman-style home in desirable East Austin offers 1,249 square feet of living space on a generous 0.227-acre lot that backs to a creek for added privacy and a peaceful setting. Built in 1940, the home blends timeless character with thoughtful updates, including two newly renovated bathrooms, tall ceilings, and an abundance of natural light throughout.

Designed with both comfort and functionality in mind, the home features ample storage, a tankless water heater, and a recently replaced AC. One bathroom includes a relaxing soaking tub. Outside, the large fenced backyard offers plenty of room to enjoy, complete with a fire pit and storage building.

Conveniently located near Tesla, local coffee shops, restaurants, bars, and a bus stop, this home combines classic charm with easy access to East Austin amenities. Washer, dryer, and refrigerator convey. Sold AS IS Due to settling, sheet rock will need to be patched. The past 3 years this property was a rental at $2,400 a month. Sold As Is..

At $340/sqft, this home is 13% 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

1136 Eleanor St, Austin, TX 78721

Property Details

Price $425,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,249 sqft
Lot Size 0.28 acres (12,048.7 sqft)
Year Built 1940
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Green Valley 01
County Travis
Zip Code 78721
$/sqft $340/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,238.99
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229225865
List Date June 26, 2026
Elementary School Norman-Sims
Middle School Martin
High School Lyndon B Johnson (Austin ISD)
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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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 · June 26, 2026 $470,000
Previous ask $450,000
Current ask $425,000
Reduced $45,000 (-9.6%) 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
4127 E 12th St #1
The Sexton at Springdale
$424,900 $281 3 bd / 3 ba 1,514 sqft , 2025-06-06
4127 E 12th St #8
The Sexton at Springdale
$429,875 $326 3 bd / 3 ba 1,320 sqft , 2025-06-06
5005 Lott Ave #2
Masonfield
$419,000 $387 2 bd / 2 ba 1,084 sqft , 2026-07-02
1215 Fort Branch Blvd #2
Lincoln Gardens 1
$435,000 $399 2 bd / 2 ba 1,090 sqft , 2026-08-10
1206 Luna St #2
Chernosky No 9
$439,900 $481 2 bd / 3 ba 914 sqft , 2026-04-16

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
$2,040/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
$85,000
20% conventional investment loan

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

Estimated Gross Rent+$2,040
Principal + Interest−$2,319
Property Tax (~2.1% TX avg)−$744
Insurance (~0.5%)−$177
Est. Monthly Cash Flow $-1,200

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 August 20, 2026.

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