Active Listing  ·  137 days on market

1704 Alleghany Dr

Austin, TX 78741
$449,000
3 Bed 2 Bath 1,496 sqft $300/sqft Built 1967 0.23 acres Pool Greenbriar Sec 01

Charming, updated home in 78741 just minutes from Downtown on nearly a quarter-acre lot! This inviting property offers great curb appeal and a bright, open layout featuring a modern kitchen with breakfast bar that seamlessly flows into the living area—perfect for everyday living and entertaining. The spacious primary suite includes a walk-in closet and French doors that open to the expansive backyard. Two additional bedrooms provide flexibility for guests, office space, etc. Major updates completed in 2022 include a new roof, privacy fence, and updated plumbing and electrical for peace of mind. Situated in a prime East Austin location with easy access to Town Lake, ABIA, and some of the city’s best restaurants, coffee shops, and entertainment. A true gem you won’t want to miss!

At $300/sqft, this home is 23% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1704 Alleghany Dr, Austin, TX 78741

Property Details

Price $449,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,496 sqft
Lot Size 0.23 acres (9,879.41 sqft)
Year Built 1967
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Greenbriar Sec 01
County Travis
Zip Code 78741
$/sqft $300/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,619.71
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223239159
List Date March 20, 2026
Elementary School Linder
Middle School Lively
High School Travis
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
1115 W 10th St #205
West 10 Street Condo Amd
$449,000 $359 2 bd / 2 ba 1,251 sqft , 2026-03-26
1608 Springer Ln
Quail Creek West Ph 02 Sec 01
$449,000 $333 3 bd / 2 ba 1,350 sqft , 2026-05-12
2912 Lynnbrook Dr
Bauerle Ranch
$449,000 $246 3 bd / 2 ba 1,826 sqft , 2026-06-03
15303 Origins Ln
Vistas At Lakeway Condo
$449,000 $255 3 bd / 2 ba 1,764 sqft , 2026-06-03
12515 Deer Falls Dr
Hunters Chase Sec 02
$449,000 $262 3 bd / 2 ba 1,713 sqft , 2026-06-09

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
$2,155/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
$89,800
20% conventional investment loan

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

Estimated Gross Rent+$2,155
Principal + Interest−$2,450
Property Tax (~2.1% TX avg)−$786
Insurance (~0.5%)−$187
Est. Monthly Cash Flow $-1,268

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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