Active Listing  ·  263 days on market

1200 Walnut Ave

Austin, TX 78702
$625,000
4 Bed 3 Bath 1,391 sqft $449/sqft Built 1925 0.14 acres Pool Glenwood Add

This updated 4-bedroom, 3-bath home sits on a desirable corner lot with alley access in the heart of East Austin. Designed for flexibility, it’s ideal for investors, short-term rental hosts, or anyone seeking versatile living.

The open-concept layout offers seamless flow between the modern kitchen, living, and dining areas—perfect for everyday living and entertaining. Two bedrooms share a full hall bath, while two feature private en suites, including a rear bedroom with its own private entrance—ideal for guests, a home office, or additional rental income.

Situated on a .139-acre SF3-zoned lot, this property presents excellent potential for expansion or future development of additional units. A rear alley provides convenient access to a driveway with parking for multiple cars, while a dedicated storage shed adds extra utility. Located just minutes from Downtown and some of East Austin’s best restaurants, shopping, and nightlife, this home blends everyday convenience with long-term investment opportunity.

At $449/sqft, this home is priced 15% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1200 Walnut Ave, Austin, TX 78702

Property Details

Price $625,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 1,391 sqft
Lot Size 0.14 acres (6,054.84 sqft)
Year Built 1925
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Glenwood Add
County Travis
Zip Code 78702
$/sqft $449/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT213312376
List Date December 3, 2025
Elementary School Campbell
Middle School Kealing
High School Austin
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
3333 E 12th St
Breedlove Add
$624,995 $372 3 bd / 3 ba 1,681 sqft , 2026-07-30
1708 E M Franklin Ave #A
1708 E M Franklin Condominiums
$630,000 $338 3 bd / 3 ba 1,863 sqft , 2026-06-26
3304 E 17th St #B
McKinley Heights Terrace
$649,900 $367 3 bd / 3 ba 1,772 sqft , 2026-07-30
1002 Walter St
Rosewood Village Sec 8
$650,000 $558 3 bd / 2 ba 1,164 sqft , 2025-08-18
3204 Lyons Rd #1
Delzell Sec 02
$650,000 $440 3 bd / 3 ba 1,476 sqft , 2026-08-15

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
$3,000/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
$125,000
20% conventional investment loan

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

Estimated Gross Rent+$3,000
Principal + Interest−$3,411
Property Tax (~2.1% TX avg)−$1,094
Insurance (~0.5%)−$260
Est. Monthly Cash Flow $-1,765

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 April 30, 2026.

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