Active Listing  ·  46 days on market

1803 Perez St

Austin, TX 78721
$474,000
2 Bed 1 Bath 770 sqft $616/sqft Built 1956 0.13 acres Pool Chernosky 10

Tucked into the heart of East Austin, this thoughtfully renovated 2-bedroom, 1-bath home blends the character of the historic East Side with modern updates. With more than $80,000 in improvements, nearly every detail has been refreshed, including the roof, windows, doors, gutters, plumbing, electrical, insulation, interior and exterior paint, and fencing. Inside, beautifully refinished original wood floors add warmth and charm, while the remodeled bathroom features updated tile, a new tub, and stylish finishes. The kitchen has been updated with modern cabinetry, countertops, appliances, and fixtures, creating a bright and functional space for everyday living. Situated adjacent to Morris Williams Golf Course, this location puts some of Austin's best dining, coffee shops, and entertainment just minutes away. Spend weekends exploring nearby Mueller or enjoying neighborhood favorites like Birdie's and Micklethwait Barbecue, with easy access to Downtown Austin and Austin-Bergstrom International Airport for an effortless commute. This is East Austin living at its best.

At $616/sqft, this home is priced 58% 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

1803 Perez St, Austin, TX 78721

Property Details

Price $474,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 770 sqft
Lot Size 0.13 acres (5,654.09 sqft)
Year Built 1956
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Chernosky 10
County Travis
Zip Code 78721
$/sqft $616/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,768.97
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238004569
List Date July 8, 2026
Elementary School Norman-Sims
Middle School Kealing
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.

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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 · July 8, 2026 $499,000
Previous ask $479,000
Current ask $474,000
Reduced $25,000 (-5.0%) 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
4711 Bandera Rd
Oak Lawn Sec 01
$464,900 $484 3 bd / 1 ba 960 sqft , 2026-05-16
1167 Springdale Rd
Carter William
$450,000 $540 1 bd / 1 ba 834 sqft , 2026-02-14
1719 Meander Dr
Oak Lawn Sec 02
$449,500 $450 3 bd / 1 ba 1,000 sqft , 2026-02-07
1206 Luna St #2
Chernosky No 9
$439,900 $481 2 bd / 3 ba 914 sqft , 2026-04-16
3900 Berkman Dr #203
Concourse at Mueller Condominiums
$434,900 $466 2 bd / 2 ba 933 sqft , 2026-08-18

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
$2,275/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
$94,800
20% conventional investment loan

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

Estimated Gross Rent+$2,275
Principal + Interest−$2,587
Property Tax (~2.1% TX avg)−$830
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,340

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 August 22, 2026.

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