Active Listing  ·  12 days on market

1709 Drake Ave

Austin, TX 78704
$795,000
2 Bed 1 Bath 850 sqft $935/sqft Built 1925 0.10 acres 1-Car Garage Pool Fairview Park

1709 Drake Avenue - the most perfect location in Travis Heights. Only three blocks to South Congress. Far enough for privacy, close enough for coffee, surrounded by other charming bungalows. At this price you can have your own a piece of Travis Heights history. The front porch swing invites you up the steps and the cheery yellow door welcomes you inside. A cozy living room with original hardwood floors and multiple windows offers a homey place to relax. The dining room is the center of the home which has easy access to the kitchen. There are two bedrooms and one full bathroom in between. Or create an office instead of a second bedroom. Head out to the back deck for entertaining. There is a fenced backyard + a detached garage/storage shed. The Travis Heights neighborhood features Big Stacy Park & Pool, Little Stacy kids playscape, wading pool, and tennis courts. Steps to restaurants, bars and shopping on South Congress. Come live in the heart of it all and make memories of your very own in this enchanting cottage!

At $935/sqft, this home is priced 138% 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

1709 Drake Ave, Austin, TX 78704

Property Details

Price $795,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 850 sqft
Lot Size 0.10 acres (4,521.53 sqft)
Year Built 1925
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Fairview Park
County Travis
Zip Code 78704
$/sqft $935/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246283996
List Date September 10, 2026
Elementary School Travis Hts
Middle School O Henry
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.

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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
48 East Ave #1711
48 East Condos
$765,000 $738 2 bd / 2 ba 1,036 sqft , 2026-03-09
1905 Brackenridge St
Newning & Warners
$825,000 $824 2 bd / 2 ba 1,001 sqft , 2026-09-10
48 East Ave #1301
Natiivo
$849,000 $757 2 bd / 2 ba 1,121 sqft , 2026-08-14
503 E Live Oak St None
Pleasant View Addn
$850,000 $944 3 bd / 1 ba 900 sqft , 2026-08-12
804 W Annie St #2
Bouldin
$725,000 $853 2 bd / 2 ba 850 sqft , 2026-07-02

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
$3,816/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
$159,000
20% conventional investment loan

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

Estimated Gross Rent+$3,816
Principal + Interest−$4,339
Property Tax (~2.1% TX avg)−$1,391
Insurance (~0.5%)−$331
Est. Monthly Cash Flow $-2,245

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 22, 2026.

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