About This Home

Unique Opportunity to own a home with a view of Downtown Austin but also a View the State Capital. Beautiful colonial style home in old Enfield area. The location of this home is spectacular, walking distance to Peace District Park, backing to Shoal Creek and House Park Football Stadium. Home needs updating/remodeling. The kitchen has subzero fridge/freezer, Optional theater room. Sit on back deck and drink your coffee with a view of the capitol. Bring your buyers this home has lots of surprises! This home does need finishing or general updates. Being sold AS-IS Cash! COULD BE ZONE (CO)

At $725/sqft, this home is priced 85% 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

1505 Parkway None, Austin, TX 78703

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Property Details

Price $2,500,000

Status Active Listing

Beds 4

Full Baths 3

Half Baths ,

Living Area 3,449 sqft

Lot Size 0.30 acres (13,050.58 sqft)

Year Built 1940

Garage 3 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Enfield 10

County Travis

Zip Code 78703

$/sqft $725/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $34,994.89

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT245537301

List Date September 22, 2026

Elementary School Casis

Middle School O Henry

High School Austin

School District ,

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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

1609 W 12th St
Clarksville $2,495,000 $868 4 bd / 4 ba 2,875 sqft , 2026-08-16

210 Lavaca St #2105
The Residences at W Austin $2,599,000 $846 3 bd / 4 ba 3,073 sqft , 2026-04-14

501 West Ave #3403
5th and West Building $2,800,000 $992 3 bd / 4 ba 2,822 sqft , 2026-02-11

1907 McCall Rd
McCall $2,850,000 $739 4 bd / 4 ba 3,859 sqft , 2026-09-09

1309 W 10th St
Hancock $2,100,000 $758 4 bd / 4 ba 2,769 sqft , 2026-08-06

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

$12,000/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

$500,000

20% conventional investment loan

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

Estimated Gross Rent+$12,000

Principal + Interest−$13,644

Property Tax (~2.1% TX avg)−$4,375

Insurance (~0.5%)−$1,042

Est. Monthly Cash Flow $-7,061

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 22, 2026.

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

1505 Parkway None

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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