Active Listing  ·  421 days on market

1511 Holly St

Austin, TX 78702
$899,000
2 Bed 1 Bath 550 sqft $1,635/sqft Built 1930 0.14 acres Pool Free & Williams

Excellent investment opportunity in the highly desirable Holly District, minutes from downtown! Property sits on a prime corner lot with a side driveway and alley access along the back of the property. The pier and beam house is in its original condition and is livable, however the value is in the land. This lot is zoned for single family, mixed use, & commercial, making the possibilities limitless for investors. Buyer to verify all information independently and verify with COA on development questions. Buyer pays for survey, no repairs, sold as-is.

At $1,635/sqft, this home is priced 318% 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

1511 Holly St, Austin, TX 78702

Property Details

Price $899,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 550 sqft
Lot Size 0.14 acres (6,246.5 sqft)
Year Built 1930
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Free & Williams
County Travis
Zip Code 78702
$/sqft $1,635/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,719.16
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT199535272
List Date June 9, 2025
Elementary School Sanchez
Middle School Martin
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.

Schedule a Call →

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
1104 Brass St
Buratti & Cherico
$850,000 $1,362 2 bd / 1 ba 624 sqft , 2026-05-30
613 Peacock Ln
Decker
$775,000 $1,345 1 bd / 1 ba 576 sqft , 2026-07-31
2316 River Hills Rd
Travis Southwest
$1,100,000 $1,560 1 bd / 1 ba 705 sqft , 2026-07-14
13919 Hummingbird Ln
Hidden Valley Sec 01
$689,900 $958 3 bd / 2 ba 720 sqft , 2026-07-06
48 East Ave #1305
Nativo Austin
$660,000 $935 1 bd / 1 ba 706 sqft , 2023-11-01

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
$4,315/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
$179,800
20% conventional investment loan

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

Estimated Gross Rent+$4,315
Principal + Interest−$4,906
Property Tax (~2.1% TX avg)−$1,573
Insurance (~0.5%)−$375
Est. Monthly Cash Flow $-2,539

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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