About This Home

Lot with some terrain, but potential for some second-story views. Hot area. The existing home is likely a teardown. We are also selling the home at 1410 Luna St, and would be open to a bulk purchase deal.

At $402/sqft, this home is priced 3% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1408 Luna St, Austin, TX 78721

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Property Details

Price $204,000

Status Active Listing

Beds 2

Full Baths 1

Half Baths ,

Living Area 508 sqft

Lot Size 0.15 acres (6,464.3 sqft)

Year Built 1925

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Chernosky 09

County Travis

Zip Code 78721

$/sqft $402/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $5,537.15

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT231473319

List Date May 27, 2026

Elementary School Norman-Sims

Middle School Martin

High School Northeast Early College

School District ,

Have Questions About This Property?

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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 27, 2026 $279,000

Previous ask $249,000

Current ask $204,000

▼ Reduced $75,000 (-26.9%) 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

1410 Luna St
Chernosky 09 $204,000 $317 2 bd / 1 ba 644 sqft , 2026-05-27

2931 E 12th St #206
East End Flats Amd $215,000 $330 1 bd / 1 ba 651 sqft , 2026-08-13

2931 E 12th St #201
East End Flats Amd $224,999 $334 1 bd / 1 ba 673 sqft , 2026-07-17

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

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

$979/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

$40,800

20% conventional investment loan

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

Estimated Gross Rent+$979

Principal + Interest−$1,113

Property Tax (~2.1% TX avg)−$357

Insurance (~0.5%)−$85

Est. Monthly Cash Flow $-576

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 July 29, 2026.

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

1408 Luna St