Active Listing  ·  81 days on market

1179 Poquito St

Austin, TX 78702
$1,250,000
2 Bed 2 Bath 1,410 sqft $887/sqft Built 1950 0.37 acres 1-Car Garage Pool Foster

A rare double-lot corner in the heart of East Austin — 0.37 acre / 16,134 sf across two legally platted lots with three frontages: Poquito Street, Pennsylvania Avenue, and a 20-foot rear alley. SF-3-NP zoning with Rosewood Neighborhood Plan overlay, minutes from downtown and the East 11th/12th Street corridors. The 2BR/2BA main residence — once the parsonage of the Grant Chapel AME Church complex, held by a single owner for nearly thirty years — was comprehensively remodeled in 2011 and carries a 4-Star Austin Energy Green Building certification: oak floors, open living and dining, standing-seam metal roof, spray foam insulation. Two auxiliary structures invite studio, workshop, guest, or adaptive-reuse ideas, subject to buyer's inspections. New survey and title commitment in hand. Opportunities with this much flexibility rarely reach the market: live in it, reimagine it, or build the next chapter. Buyer to independently verify all zoning and development potential.

At $887/sqft, this home is priced 127% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1179 Poquito St, Austin, TX 78702

Property Details

Price $1,250,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,410 sqft
Lot Size 0.37 acres (16,134.62 sqft)
Year Built 1950
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Foster
County Travis
Zip Code 78702
$/sqft $887/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,403.42
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230059907
List Date May 15, 2026
Elementary School Govalle
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
205 Medina St #1
SHELLEY N G SUBD
$1,250,000 $754 3 bd / 3 ba 1,657 sqft , 2025-10-10
2504 Wildgrove Dr
Barton Terrace Sec 03
$1,250,000 $688 3 bd / 2 ba 1,816 sqft , 2024-11-25
301 West Ave #1204
Independent Condos
$1,249,900 $848 2 bd / 2 ba 1,474 sqft , 2026-06-24
2300 S 3rd St
Bawcom
$1,245,000 $693 3 bd / 2 ba 1,797 sqft , 2025-04-01
610 Davis St #1805
The Modern Austin Residences
$1,239,000 $1,099 2 bd / 2 ba 1,127 sqft , 2026-05-16

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
$6,000/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
$250,000
20% conventional investment loan

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

Estimated Gross Rent+$6,000
Principal + Interest−$6,822
Property Tax (~2.1% TX avg)−$2,188
Insurance (~0.5%)−$521
Est. Monthly Cash Flow $-3,531

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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