About This Home

Location is everything! 42000 cars pass this property every day! Property has been leased as a preschool/daycare for the past 6 years and been very successful. Space perfect for this purpose or for accountant, lawyer, financial advisor office, spa or salon or as a live/work situation. Currently has 2 parking spaces, ramp for wheelchairs, large backyard that could accommodate more parking if needed. Don't miss this opportunity to be in a prime location in Austin at an affordable price.

Location

1508 W Koenig Ln, Austin, TX 78756

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Property Details

Price $595,000

Status Active Listing

Beds ,

Full Baths ,

Half Baths ,

Living Area ,

Lot Size 0.18 acres (7,840.8 sqft)

Year Built 1951

Garage ,

Stories ,

Type Commercial Sale · Office

Subdivision Violet Crown Heights Sec 2 Residence

County Travis

Zip Code 78756

$/sqft ,

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $9,938

Pool ,

Waterfront ,

New Construction ,

MLS # ACT252182033

List Date November 11, 2026

Elementary School ,

Middle School ,

High School ,

School District ,

Have Questions About This Property?

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

$2,856/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

$119,000

20% conventional investment loan

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

Estimated Gross Rent+$2,856

Principal + Interest−$3,247

Property Tax (assumed ~2.1%)−$1,041

Insurance (assumed ~0.5%)−$248

Est. Monthly Cash Flow $-1,680

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 · 41 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. The written content was last updated on November 11, 2026.

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

1508 W Koenig Ln

Location

Property Details

Rental Income Potential

Major Employers Near Austin, TX

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