Active Listing  ·  205 days on market

1181 Oakgrove Ave

Austin, TX 78702
$314,999
2 Bed 1 Bath 904 sqft $348/sqft Built 1930 0.15 acres Pool Homewood Heights

Fix Up OR Tear Down! Central Austin Location Just 2.5 miles to TX Capitol Building! Property is vacant & being sold AS-IS for Lot value. Existing single-family structure is vacant and in poor condition. Neighboring homes valued at $700k+! Neighboring Lot Valued Over $500k! Current Home is not habitable and likely will require extensive renovation or full tear-down. Utilities available. No representations are made regarding condition. Buyer to verify zoning, utilities, and redevelopment potential. Buyer responsible for tree & topo survey , Ideal opportunity for builder, investor, or end buyer seeking an opportunity for investment, a custom new build or full renovation in an established Austin neighborhood. Strong upside potential. Priced to Sell! Seller is seeking clean, serious offers. Make An Offer TODAY!

At $348/sqft, this home is 11% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1181 Oakgrove Ave, Austin, TX 78702

Property Details

Price $314,999
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 904 sqft
Lot Size 0.15 acres (6,420.74 sqft)
Year Built 1930
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Homewood Heights
County Travis
Zip Code 78702
$/sqft $348/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,001.61
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT216075976
List Date January 11, 2026
Elementary School Oak Springs
Middle School Kealing
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.

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
1908 San Antonio St #303
BUENA VISTA CONDOMINIUMS
$315,000 $356 2 bd / 2 ba 885 sqft , 2026-05-27
1119 Mark St #D
Pecan Valley
$315,000 $438 2 bd / 1 ba 720 sqft , 2026-07-06
2317 Claudia June Ave
Wells Branch Ph D Sec 01
$315,000 $269 3 bd / 2 ba 1,170 sqft , 2026-07-09
203 E 31st St #204
Thirty 01 Street Condo Amd
$315,000 $378 2 bd / 2 ba 834 sqft , 2026-06-25
3900 Berkman Dr #315
Concourse at Mueller Condominiums
$314,900 $474 1 bd / 1 ba 664 sqft , 2026-07-09

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
$1,512/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
$63,000
20% conventional investment loan

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

Estimated Gross Rent+$1,512
Principal + Interest−$1,719
Property Tax (~2.1% TX avg)−$551
Insurance (~0.5%)−$131
Est. Monthly Cash Flow $-889

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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