About This Home

Zone SF3 Tear down opportunity, the value is on the lot. Great opportunity for investors on a CORNER LOT. Remove it and build your dream home. Located on the hot east side and is surrounded by new homes. Information provided is reliable but is not guaranteed and should be independently verified. No flood zone, corner lot. No sellers disclosure, no survey available. Call before showing, Beware of dogs.

At $732/sqft, this home is priced 87% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1144 Mason Ave , Austin, TX 78721

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $649,999

Status Active Listing

Beds 3

Full Baths 1

Half Baths ,

Living Area 888 sqft

Lot Size 0.16 acres (6,926.04 sqft)

Year Built 1940

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Masonfield

County Travis

Zip Code 78721

$/sqft $732/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $3,539

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT170611752

List Date December 1, 2024

Elementary School Sims

Middle School Garcia

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

9604 Thaxton Rd
Williams Sub $650,000 $683 3 bd / 2 ba 952 sqft , 2026-02-13

84 East Ave #1503
VESPER Zoppp Add $650,000 $671 2 bd / 2 ba 969 sqft , 2026-04-02

1106 Arcadia Ave
West View Heights $650,000 $630 2 bd / 2 ba 1,031 sqft , 2026-05-14

3014 Hemphill Park
Aldridge Place $650,000 $697 2 bd / 1 ba 933 sqft , 2026-06-26

2905 Rio Grande St
Rio Grande & West 29 5 Condos $655,000 $774 2 bd / 1 ba 846 sqft , 2026-05-14

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

$3,120/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

$130,000

20% conventional investment loan

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

Estimated Gross Rent+$3,120

Principal + Interest−$3,547

Property Tax (~2.1% TX avg)−$1,137

Insurance (~0.5%)−$271

Est. Monthly Cash Flow $-1,835

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

1144 Mason 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