About This Home

Amazing investment opportunity in Central East Austin! This level lot near downtown is prime for development. Tear-down and build new construction or renovate and add on to this historic cottage. No large trees in the building area, but there are gorgeous perimeter trees for a stunning finished yard. A prime chance to create, invest, and capture value in one of Austin’s most desirable areas!

At $315/sqft, this home is 19% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1313 Perez St, Austin, TX 78721

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Property Details

Price $265,000

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 840 sqft

Lot Size 0.16 acres (6,821.5 sqft)

Year Built 1930

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Chernosky 09

County Travis

Zip Code 78721

$/sqft $315/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $5,452

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT229509123

List Date May 12, 2026

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.

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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 · May 12, 2026 $335,000

Previous ask $275,000

Current ask $265,000

▼ Reduced $70,000 (-20.9%) 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

1133 Saucedo St
Springdale Add $274,900 $391 2 bd / 1 ba 703 sqft , 2026-08-13

2113 E M Franklin Ave #88
George $275,000 $446 1 bd / 1 ba 616 sqft , 2026-07-30

4801 Springdale Rd #1106
GRAVITY ATX CONDOMINIUMS $249,500 $356 1 bd / 1 ba 701 sqft , 2025-10-31

1811 Webberville Rd #1209
East Grove Condominiums $299,000 $286 2 bd / 2 ba 1,045 sqft , 2026-05-27

4801 Springdale Rd #2309
Gravity ATX Condos $299,900 $291 2 bd / 2 ba 1,031 sqft , 2026-08-06

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

$1,272/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

$53,000

20% conventional investment loan

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

Estimated Gross Rent+$1,272

Principal + Interest−$1,446

Property Tax (~2.1% TX avg)−$464

Insurance (~0.5%)−$110

Est. Monthly Cash Flow $-748

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

About the Author

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 12, 2026.

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

1313 Perez St