Active Listing  ·  151 days on market

1706 Pennsylvania Ave

Austin, TX 78702
$725,000
2 Bed 2 Bath 1,170 sqft $620/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 $620/sqft, this home is priced 59% 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

1706 Pennsylvania Ave, Austin, TX 78702

Property Details

Price $725,000
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 $620/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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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
4413 Banister Ln #BLDG 1 - UNIT 101
Banister Acres
$725,000 $502 3 bd / 4 ba 1,443 sqft , 2025-10-29
70 Rainey St #1509
70 Rainey Residences
$725,000 $643 2 bd / 2 ba 1,128 sqft , 2026-02-26
2805 S 5th St
Oak Ridge Heights Sec 03
$725,000 $620 2 bd / 1 ba 1,170 sqft , 2025-10-10
360 Nueces St #2005
Residential Condo Amd 360
$725,000 $592 2 bd / 2 ba 1,225 sqft , 2026-04-18
3604 Wilson St
Cherry Hills
$725,000 $539 3 bd / 2 ba 1,344 sqft , 2026-05-31

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
$3,480/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
$145,000
20% conventional investment loan

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

Estimated Gross Rent+$3,480
Principal + Interest−$3,957
Property Tax (~2.1% TX avg)−$1,269
Insurance (~0.5%)−$302
Est. Monthly Cash Flow $-2,048

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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