Active Listing  ·  66 days on market

1202 Norwood Rd

Austin, TX 78722
$610,000
3 Bed 2 Bath 1,866 sqft $327/sqft Built 1947 0.24 acres Pool Delwood Sec 02

Adorable cottage in the heart of Central East Austin. Access the walking trails around the Mueller Neighborhood via your own private backyard gate! This location is amazing and close to everything in Hyde Park, Cherrywood, Wilshire & Mueller. Huge charming covered front porch perfect for those nice summer evenings with a cool beverage in hand. Nice wood flooring in the living, dining, hall & 2 bedrooms. This well maintained home offers 3 large bedrooms , 2 bathrooms & fresh interior paint. A huge tiled sun room on the back of the home offers nice views of the Mueller greenbelt & trails. The cute charming kitchen has updated cabinets, tile backsplash, counters, new microwave vent hood above the range & a built in dining nook. Nice sized laundry & pantry room off the kitchen. The large primary bedroom is on its own side of the home and has its own ensuite updated bathroom w/ tile floors, recently tiled shower enclosure, glass door & updated vanity sink and cabinet. The primary bedroom has a great central window with a built in cushioned window seat & built in shelves. The other 2 bedrooms have wonderful windows providing tons of natural light and a vintage hall bathroom with tile floors, porcelain sink & tile tub surround. The large yard is well landscaped and has great shade trees as well. There is a large covered stone patio off the back of the sunroom for additional shade & outdoor entertainment space. Many updates over the years...roof replaced & HVAC updated.

At $327/sqft, this home is 16% 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

1202 Norwood Rd, Austin, TX 78722

Property Details

Price $610,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,866 sqft
Lot Size 0.24 acres (10,380.35 sqft)
Year Built 1947
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Delwood Sec 02
County Travis
Zip Code 78722
$/sqft $327/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235708853
List Date June 18, 2026
Elementary School Maplewood
Middle School Kealing
High School McCallum
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 →

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 18, 2026 $649,000
Previous ask $624,900
Current ask $610,000
Reduced $39,000 (-6.0%) 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
1011 E 38th 1/2 St
Plainview Heights
$615,000 $434 3 bd / 2 ba 1,418 sqft , 2026-08-06
1428 Corona Dr
Delwood 04 Sec B
$592,500 $443 4 bd / 2 ba 1,338 sqft , 2026-04-30
906 E 43rd St
Fairway Heights
$649,000 $391 3 bd / 3 ba 1,661 sqft , 2026-03-20
4644 Page St
Mueller Sec Vi Sub
$650,000 $424 2 bd / 3 ba 1,534 sqft , 2026-08-10
1308 BROADMOOR Dr
WINDSOR PARK SEC 4A
$549,000 $400 3 bd / 2 ba 1,372 sqft , 2026-05-04

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
$2,928/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
$122,000
20% conventional investment loan

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

Estimated Gross Rent+$2,928
Principal + Interest−$3,329
Property Tax (~2.1% TX avg)−$1,068
Insurance (~0.5%)−$254
Est. Monthly Cash Flow $-1,723

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 10, 2026.

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