About This Home

See agent for details

At $450/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

1407 Cedar Ave #2, Austin, TX 78702

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $459,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths 1

Living Area 1,020 sqft

Lot Size 0.14 acres (6,046.13 sqft)

Year Built 2026

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Glenwood Add

County Travis

Zip Code 78702

$/sqft $450/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $9,687.36

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT224776875

List Date April 2, 2026

Elementary School Campbell

Middle School Kealing

High School McCallum

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.

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 · April 2, 2026 $490,000

Previous ask $465,000

Current ask $459,000

▼ Reduced $31,000 (-6.3%) 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

2108 Rosewood Ave #B
Rosewood $454,900 $400 2 bd / 3 ba 1,136 sqft , 2026-05-30

3900 Berkman Dr #203
Concourse at Mueller Condominiums $464,900 $498 2 bd / 2 ba 933 sqft , 2026-08-18

1815 Singleton Ave
Glenwood Add $450,000 $666 2 bd / 1 ba 676 sqft , 2026-07-14

1166 Ridgeway Dr
Homewood Heights $450,000 $360 3 bd / 2 ba 1,250 sqft , 2026-08-19

1007 Prospect Ave
Grandview Place $449,000 $640 2 bd / 1 ba 702 sqft , 2026-09-03

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

$2,203/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

$91,800

20% conventional investment loan

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

Estimated Gross Rent+$2,203

Principal + Interest−$2,505

Property Tax (~2.1% TX avg)−$803

Insurance (~0.5%)−$191

Est. Monthly Cash Flow $-1,296

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 September 25, 2026.

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

1407 Cedar Ave #2