About This Home

Unique live/work opportunity in East Austin! This recently built, three-story modern home features beautiful contemporary finishes and downtown Austin views. A separate front ADU offers flexible space for a home office, studio, guest suite, or potential short-term rental. Ideally located near downtown, dining, entertainment, and everything East Austin has to offer.

At $428/sqft, this home is priced 9% 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

1606 Harvey St #1, Austin, TX 78702

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Property Details

Price $1,150,000

Status Active Listing

Beds 3

Full Baths 3

Half Baths 1

Living Area 2,689 sqft

Lot Size 0.12 acres (5,140.08 sqft)

Year Built 2021

Garage 1 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision 1606 Harvey St Condos

County Travis

Zip Code 78702

$/sqft $428/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $20,231

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT243853832

List Date August 20, 2026

Elementary School Campbell

Middle School Kealing

High School Eastside Early College

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

1214 Deloney St
Division B $1,175,000 $620 3 bd / 3 ba 1,895 sqft , 2026-08-18

2201 E 16th St
Division B $1,199,900 $475 4 bd / 4 ba 2,524 sqft , 2026-07-08

3101.5 Neal St
OLT 38&43 DIV A BURATTI & CHERICO $1,100,000 $433 4 bd / 4 ba 2,538 sqft , 2026-07-21

3309 Goodwin Ave #A
Division A $1,200,000 $643 3 bd / 3 ba 1,865 sqft , 2026-03-13

3309 Goodwin Ave #B
Division A $1,200,000 $643 3 bd / 3 ba 1,865 sqft , 2026-03-13

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

$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

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 August 24, 2026.

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

1606 Harvey St #1

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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