Active Listing  ·  16 days on market

1711 E 7th St

Austin, TX 78702
$995,000
2 Bed 1 Bath 1,071 sqft $929/sqft Built 1944 0.13 acres Pool Morse & Smith Resub

Prime redevelopment and investment opportunity steps from the heart of East 7th's dining, retail, and creative corridor. This 0.13-acre parcel sits within the Plaza Saltillo Transit-Oriented District (TOD-NP), one of Austin's most flexible and sought-after zoning designations, permitting Corridor Mixed Use development including residential, office, restaurant, and multifamily uses — a rare combination this close to downtown. The existing 1,071 SF structure (built 1944) offers a ready foundation for adaptive reuse, or the site can serve as a ground-up redevelopment play given its favorable TOD entitlements, reduced parking overlay, and Mixed Use Building Infill eligibility. Not located in a FEMA floodplain. Minutes from Plaza Saltillo Rail Station, Downtown Austin, and the East 7th/East 6th corridors, the property benefits from strong walkability, transit access, and daily foot traffic in one of Austin's fastest-evolving neighborhoods. Surrounded by an active mix of restaurants, breweries, boutique retail, and creative office space, this location offers exceptional visibility and long-term upside for owner-users, developers, or investors. Whether reimagined as a boutique office, restaurant/bar concept, mixed-use infill project, or held for appreciation within a high-growth TOD corridor, 1711 East 7th St presents a compelling entry point into one of Central East Austin's most dynamic submarkets. Buyer/buyer's agent to independently verify zoning, permitted uses, utilities, and all information herein.

At $929/sqft, this home is priced 138% 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

1711 E 7th St, Austin, TX 78702

Property Details

Price $995,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 1,071 sqft
Lot Size 0.13 acres (5,501.63 sqft)
Year Built 1944
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Morse & Smith Resub
County Travis
Zip Code 78702
$/sqft $929/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $22,904.77
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249155652
List Date October 7, 2026
Elementary School Zavala
Middle School Martin
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
48 East Ave #2611
Natiivo
$950,000 $917 2 bd / 2 ba 1,036 sqft , 2026-05-19
2703 E Cesar Chavez St
RIVERVIEW ADDN
$949,000 $760 2 bd / 1 ba 1,248 sqft , 2026-09-30
48 East Ave #2911
Natiivo
$949,000 $916 2 bd / 2 ba 1,036 sqft , 2026-09-30
610 Davis St #2208
The Modern Austin Residences
$945,000 $805 2 bd / 2 ba 1,174 sqft , 2026-09-08
44 East Ave #3604
44 EAST AVE CONDOMINIUMS
$1,050,000 $896 2 bd / 2 ba 1,172 sqft , 2026-09-15

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
$4,776/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
$199,000
20% conventional investment loan

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

Estimated Gross Rent+$4,776
Principal + Interest−$5,430
Property Tax (~2.1% TX avg)−$1,741
Insurance (~0.5%)−$415
Est. Monthly Cash Flow $-2,810

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 October 16, 2026.

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