Active Listing  ·  11 days on market

1413 Valleyridge Dr

Austin, TX 78704
$1,150,000
2,528 sqft $455/sqft Built 1971 0.18 acres Pool Southridge Sec 04

Owner occupant and Investor-Friendly Duplex in the Heart of South Austin! Welcome to 1413 Valley Ridge Dr, a versatile and income-producing property offering an exceptional opportunity for investors, owner-occupants, or multigenerational living. Side B is leased for $3750 per mo, providing immediate rental income, while Unit A can be owner-occupied, leased separately, or utilized as additional living space. Recent updates and renovations throughout add modern appeal and help make this property move-in ready. Ideally located in sought-after 78704, this property offers convenient access to downtown Austin, South Congress, Lady Bird Lake, Zilker Park, major employers, dining, shopping, entertainment, and Austin’s vibrant South Austin lifestyle. Whether you're looking to build rental income, live in one side while generating income from the other, or maximize the property's potential by leasing both units, 1413 Valley Ridge offers flexibility, location, and opportunity in one of Austin's most desirable areas.

At $455/sqft, this home is priced 16% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1413 Valleyridge Dr, Austin, TX 78704

Property Details

Price $1,150,000
Status Active Listing
Beds ,
Full Baths ,
Half Baths ,
Living Area 2,528 sqft
Lot Size 0.18 acres (7,827.73 sqft)
Year Built 1971
Garage ,
Stories ,
Type Residential Income · Duplex
Subdivision Southridge Sec 04
County Travis
Zip Code 78704
$/sqft $455/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,192.69
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249405859
List Date October 13, 2026
Elementary School Zilker
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
$5,520/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
$230,000
20% conventional investment loan

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

Estimated Gross Rent+$5,520
Principal + Interest−$6,276
Property Tax (~2.1% TX avg)−$2,013
Insurance (~0.5%)−$479
Est. Monthly Cash Flow $-3,248

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 October 23, 2026.

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