Active Listing  ·  71 days on market

1421 Berene Ave

Austin, TX 78721
$349,000
3 Bed 1 Bath 1,101 sqft $317/sqft Built 1959 0.15 acres Pool Cedar Valley

Super cute and freshly updated three-bedroom, one-bath home with hardwood floors and a separate home office or family room, perfectly pairs downtown proximity and indoor/outdoor livability with incredible long-term investment potential. Beautifully revitalized living space has a brand-new roof, new rain gutters, and fresh interior paint making this an ideal, low-maintenance haven for busy professionals. Beautiful new rear deck extends your living space outdoors as the perfect setup for weekend hangouts or working from home in the fresh air. Large 0.148-acre lot is a private, fully fenced oasis featuring sustainable native landscaping alongside mature, producing pear, plum, and fig trees. For the growth-minded buyer, the deep backyard offers a stellar footprint to eventually build a detached accessory dwelling unit (ADU) as a passive income investment or a multi-generational compound. While the spacious lot stands out as an exceptional development opportunity, buyers must perform their own independent due diligence regarding city zoning codes, utility connections, tree preservation rules, and permitting requirements to verify feasibility. Location is everything, and this property puts you right in the center of it all. Tucked in the Cedar Valley neighborhood just off MLK and Springdale Road, you are minutes from downtown Austin and seamlessly connected to major transit corridors. Enjoy an easy commute alongside instant access to Mueller and the Sunday farmer’s market, Alamo Drafthouse, the Thinkery, local dining, and nightlife. For outdoor fun, Springdale Park, Givens District Park, and Morris Williams Golf Course are just down the street. Rounding out this prime location are neighborhood staples like Palomino Coffee’s plant-shop vibe and the Michelin-starred Micklethwait Craft Meats. Calling all forward-thinking young professionals, lifestyle-focused buyers, and strategic investors looking to plant roots in one of East Austin’s most dynamic zip codes – Welcome Home!

At $317/sqft, this home is 19% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1421 Berene Ave, Austin, TX 78721

Property Details

Price $349,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,101 sqft
Lot Size 0.15 acres (6,446.88 sqft)
Year Built 1959
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Cedar Valley
County Travis
Zip Code 78721
$/sqft $317/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,085.52
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232368734
List Date June 4, 2026
Elementary School Sims
Middle School Garcia
High School Northeast Early College
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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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 · June 4, 2026 $359,000
Previous ask $354,000
Current ask $349,000
Reduced $10,000 (-2.8%) 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
4709 Leslie Ave
Cedar Valley
$349,999 $329 3 bd / 1 ba 1,064 sqft , 2026-04-09
5309 Prock Ln
Green Valley 02
$350,000 $389 2 bd / 1 ba 900 sqft , 2026-03-12
1811 Webberville Rd #1206
East Grove Condominiums
$339,000 $291 2 bd / 2 ba 1,165 sqft , 2026-07-08
1122 Spur #D St #D
Pecan Valley
$330,000 $288 3 bd / 2 ba 1,144 sqft , 2026-05-14
1616 Webberville Rd #A
Flournoy's Eastern Hills Sec 4
$325,000 $451 2 bd / 1 ba 720 sqft , 2026-01-07

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
$1,675/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
$69,800
20% conventional investment loan

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

Estimated Gross Rent+$1,675
Principal + Interest−$1,905
Property Tax (~2.1% TX avg)−$611
Insurance (~0.5%)−$145
Est. Monthly Cash Flow $-986

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 August 8, 2026.

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