Active Listing  ·  16 days on market

1401 Kirkwood Rd

Austin, TX 78722
$649,000
1,850 sqft $351/sqft Built 1948 0.17 acres Delwood Sec 03

INVESTMENT OPPORTUNITY IN EAST AUSTIN! Located in the desirable Delwood/Cherrywood area, 1401 Kirkwood Rd offers the rare opportunity to own a two-unit residential income property in one of Austin’s established and convenient neighborhoods. This charming duplex sits on a spacious corner lot with alley access and mature trees, offering both character and excellent potential for an investor or owner-occupant looking to offset their housing costs.

Built in 1948, the property features two separate residential units, each offering a functional 2-bedroom, 1-bath floor plan. Original character blends with everyday functionality, including wood flooring, tile accents, and comfortable living spaces. The property’s two-unit configuration provides flexibility for long-term rental income, multi-generational living, or an owner-occupant to live in one unit while leasing the other.

Conveniently positioned near the heart of East Austin, this property provides easy access to downtown, major roadways, local dining, shopping, entertainment, and the many amenities that make this area such a sought-after place to live. The large corner lot, alley access, mature trees, and established neighborhood setting add to the appeal.

Whether you’re expanding your rental portfolio or looking for a property that can help generate income while you build equity, 1401 Kirkwood Rd presents an excellent opportunity in a highly desirable Austin location. Two units. One great investment. Endless possibilities.

At $351/sqft, this home is 10% 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

1401 Kirkwood Rd, Austin, TX 78722

Property Details

Price $649,000
Status Active Listing
Beds ,
Full Baths ,
Half Baths ,
Living Area 1,850 sqft
Lot Size 0.17 acres (7,514.1 sqft)
Year Built 1948
Garage ,
Stories ,
Type Residential Income · Duplex
Subdivision Delwood Sec 03
County Travis
Zip Code 78722
$/sqft $351/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,089.1
Pool ,
Waterfront ,
New Construction ,
MLS # ACT247694787
List Date October 8, 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 →

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
$3,115/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
$129,800
20% conventional investment loan

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

Estimated Gross Rent+$3,115
Principal + Interest−$3,542
Property Tax (~2.1% TX avg)−$1,136
Insurance (~0.5%)−$270
Est. Monthly Cash Flow $-1,833

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 October 9, 2026.

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