Active Listing  ·  7 days on market

1407 Hartford Rd

Austin, TX 78703
$1,575,000
0.21 acres Enfield E

Rare development opportunity in one of Central Austin’s most established and sought-after neighborhoods. Situated at 1407 Hartford Road in 78703, this approximately 0.21-acre property offers an exceptional opportunity to reimagine, expand, or redevelop in a premier location just minutes from Downtown Austin, Clarksville, Pease Park, and the city's best dining and amenities.

The property’s residential zoning provides a variety of potential development paths under Austin’s current land development regulations. Depending on final site plan, permitting, historic review, and other applicable restrictions, opportunities may include creating a substantial new single-family residence, incorporating an additional dwelling, or exploring a multi-unit configuration permitted under Austin’s HOME regulations.

For a buyer, builder, or investor, the appeal is the flexibility: preserve and thoughtfully expand the existing residence, create a new custom estate, or investigate a development plan utilizing multiple residential units. The generous lot provides an increasingly rare opportunity to create something special in the heart of 78703

Location

1407 Hartford Rd, Austin, TX 78703

Property Details

Price $1,575,000
Status Active Listing
Beds ,
Full Baths ,
Half Baths ,
Living Area ,
Lot Size 0.21 acres (8,973.36 sqft)
Year Built ,
Garage ,
Stories ,
Type Land · Unimproved Land
Subdivision Enfield E
County Travis
Zip Code 78703
$/sqft ,
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $27,202.84
Pool ,
Waterfront ,
New Construction ,
MLS # ACT246775171
List Date September 15, 2026
Elementary School Mathews
Middle School O Henry
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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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
$7,560/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
$315,000
20% conventional investment loan

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

Estimated Gross Rent+$7,560
Principal + Interest−$8,595
Property Tax (~2.1% TX avg)−$2,756
Insurance (~0.5%)−$656
Est. Monthly Cash Flow $-4,447

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 September 16, 2026.

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