Active Listing  ·  5 days on market

1803 Elmira Rd

Austin, TX 78721
$445,000
3 Bed 2 Bath 1,409 sqft $316/sqft Built 1968 0.28 acres Pool Grant Park

$20,000 SELLER CONCESSION to Buyer to use toward an interest rate buydown or closing costs! Featuring a primary bathroom fully remodeled in September 2026, this beautifully updated, light-filled East Austin gem blends classic mid-century structure with crisp, modern design. The front entry opens to an open floorplan connecting the living and dining areas, anchored by rich flooring and custom contemporary lighting. Culinary enthusiasts will love the modernized kitchen, featuring gleaming quartz countertops, an elegant farmhouse sink, minimalist white cabinetry, and premium stainless steel appliances. White subway tile walls and floating timber shelving create a sophisticated, open-air aesthetic perfect for daily living and effortless entertaining. This pristine, clean styling extends into the renovated bathrooms, boasting modern floating sinks and flawless penny-tile details. Step out back to your own private urban oasis: a massive, fully fenced backyard with a spacious covered patio, ideal for dining alfresco or escaping the Texas sun. Beyond the patio, a custom raised wooden deck frames a trendy galvanized cowboy pool, the ultimate setup for cooling off and entertaining all summer long. Perfectly situated in vibrant 78721, this home offers an unbeatable East Austin lifestyle, just minutes from Mueller's popular eateries, farmers' markets, and parks. Golf lovers will appreciate the immediate proximity to the historic Morris Williams Golf Course, and the University of Texas at Austin is just 3 miles away. Thoughtful modern upgrades, a massive lot, and a prime location make this East Austin home a rare find.

At $316/sqft, this home is 19% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1803 Elmira Rd, Austin, TX 78721

Property Details

Price $445,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,409 sqft
Lot Size 0.28 acres (12,314.41 sqft)
Year Built 1968
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Grant Park
County Travis
Zip Code 78721
$/sqft $316/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,693.57
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248540734
List Date October 3, 2026
Elementary School Norman-Sims
Middle School Martin
High School Northeast 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.

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
3108 E 51st St #903
Grove Condos Bldg 9
$449,000 $294 2 bd / 3 ba 1,529 sqft , 2026-09-26
1122 Mason Ave
Harmony Heights Add Amd
$440,000 $459 3 bd / 1 ba 958 sqft , 2026-09-30
1185 Springdale Rd
Sanders Henry G
$450,000 $243 3 bd / 3 ba 1,850 sqft , 2026-05-13
1609 Deloney St #B
Chernosky 10
$450,000 $347 2 bd / 3 ba 1,298 sqft , 2026-08-15
1117 Mansell Ave
Chernosky 08
$450,000 $371 3 bd / 2 ba 1,212 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
$2,136/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
$89,000
20% conventional investment loan

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

Estimated Gross Rent+$2,136
Principal + Interest−$2,429
Property Tax (~2.1% TX avg)−$779
Insurance (~0.5%)−$185
Est. Monthly Cash Flow $-1,257

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 4, 2026.

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