Active Listing  ·  6 days on market

1804 Elmira Rd

Austin, TX 78721
$299,900
3 Bed 2 Bath 1,112 sqft $270/sqft Built 2002 0.25 acres Pool Grant Park

Investor / handyman special! Needs work. Sold as/is.

At $270/sqft, this home is 31% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1804 Elmira Rd, Austin, TX 78721

Property Details

Price $299,900
Status Active Listing
Beds 3
Full Baths 1
Half Baths 1
Living Area 1,112 sqft
Lot Size 0.25 acres (10,850.8 sqft)
Year Built 2002
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Grant Park
County Travis
Zip Code 78721
$/sqft $270/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,514.43
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251516367
List Date November 6, 2026
Elementary School Sims
Middle School Garcia
High School Northeast Early College
School District Austin ISD

Austin ISD

Sims · Garcia · Northeast Early College

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
4801 Springdale Rd #2309
Gravity ATX Condos
$299,900 $291 2 bd / 2 ba 1,031 sqft , 2026-08-06
1811 Webberville Rd #1209
East Grove Condominiums
$299,000 $286 2 bd / 2 ba 1,045 sqft , 2026-05-27
1811 Webberville Rd #1210
East Grove Condominiums
$299,000 $286 2 bd / 2 ba 1,044 sqft , 2026-09-17
5220 Hutchinson Dr
Senate Hills Sec. 1
$305,000 $298 3 bd / 2 ba 1,025 sqft , 2026-09-10
1811 Webberville Rd #1307
East Grove Condominiums
$309,000 $296 2 bd / 2 ba 1,043 sqft , 2026-08-20

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
$1,440/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
$59,980
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (assumed ~2.1%)−$525
Insurance (assumed ~0.5%)−$125
Est. Monthly Cash Flow $-847

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 · 41 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. The written content was last updated on November 10, 2026.

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

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