Active Listing  ·  200 days on market

1706 Pennsylvania Ave

Austin, TX 78702
$715,000
2 Bed 2 Bath 1,170 sqft $611/sqft Built 1960 0.24 acres Pool Johns C R

1706 Pennsylvania Avenue is a thoughtfully updated home that retains original period details such as glass doorknobs, artisan built-ins, and elegant Tiffany lighting. With an unbeatable location—just minutes from downtown, the airport, UT stadiums, and within walking distance to vibrant local cafes, nightlife, and major Austin events like SXSW—this residence offers a rare opportunity to enjoy historic character in one of the city’s most dynamic neighborhoods. The interior was renovated in 2019, reimagining each space with luxurious finishes and elevated design. Two spacious bedrooms feature ample natural light. The spa-inspired bathrooms are outfitted with marble vanities and showers, premium fixtures, and thoughtful touches. The gourmet kitchen is ideal for home chefs, complete with high-end stainless appliances and a gas range. Designed with comfort and entertaining in mind, the open-concept living and dining areas are warm and welcoming, anchored by vintage lighting and a curated library. Outdoors, a covered front porch leads to a sprawling backyard oasis featuring a lit deck with dining and lounge spaces and a biergarten—perfect for gathering under the stars. Ideal as a full-time residence, guest house, or investment property in the heart of Austin. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

At $611/sqft, this home is priced 55% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1706 Pennsylvania Ave, Austin, TX 78702

Property Details

Price $715,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,170 sqft
Lot Size 0.24 acres (10,659.13 sqft)
Year Built 1960
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Johns C R
County Travis
Zip Code 78702
$/sqft $611/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,671
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT221414112
List Date March 6, 2026
Elementary School Blackshear
Middle School Kealing
High School Eastside Early College
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.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · March 6, 2026 $800,000
Previous ask $725,000
Current ask $715,000
Reduced $85,000 (-10.6%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
1197 Angelina St
Robertson George L
$725,000 $536 3 bd / 2 ba 1,352 sqft , 2026-08-14
800 Embassy Dr #319
Tyndall at Robertson Hill
$699,999 $496 2 bd / 2 ba 1,411 sqft , 2026-07-03
84 East Ave #3704
Vesper
$679,000 $761 1 bd / 1 ba 892 sqft , 2026-08-09
1002 Walter St
Rosewood Village Sec 8
$650,000 $558 3 bd / 2 ba 1,164 sqft , 2025-08-18
2702 E 22nd St
Austin Heights
$649,000 $492 2 bd / 1 ba 1,318 sqft , 2026-08-28

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
$3,432/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
$143,000
20% conventional investment loan

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

Estimated Gross Rent+$3,432
Principal + Interest−$3,902
Property Tax (~2.1% TX avg)−$1,251
Insurance (~0.5%)−$298
Est. Monthly Cash Flow $-2,019

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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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
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 2, 2026.

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