Active Listing  ·  3 days on market

1805 Fair Oaks Dr

Austin, TX 78745
$409,999
3 Bed 1 Bath 988 sqft $415/sqft Built 1962 0.15 acres Pool Deer Park Sec 01

Charming 3-bedroom, 1-bath bungalow in Austin’s South Manchaca neighborhood, offering a convenient location close to neighborhood coffee shops, restaurants, shopping, and everyday amenities. This 988-square-foot, one-story home blends vintage character with thoughtful updates, including new luxury plank flooring, a remodeled bath with porcelain tile, and a charming kitchen with Travertine flooring that still preserves its original character. The functional utility room provides washer/dryer connections, while the covered carport offers convenient off-street parking.

Outside, enjoy a large, fully fenced backyard backing to a greenbelt area, creating a private setting with plenty of room to relax, garden, entertain, or enjoy the outdoors. A covered patio and storage building add to the functionality and appeal.

Ideally located in South Austin with convenient access to Southpark Meadows, South Congress, South Lamar, Menchaca Road, Stassney Lane, US-290, MoPac, and I-35, this home offers an appealing combination of neighborhood charm, outdoor space, and everyday convenience.

At $415/sqft, this home is priced 6% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1805 Fair Oaks Dr, Austin, TX 78745

Property Details

Price $409,999
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 988 sqft
Lot Size 0.15 acres (6,743.09 sqft)
Year Built 1962
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Deer Park Sec 01
County Travis
Zip Code 78745
$/sqft $415/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,204.11
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243498102
List Date August 21, 2026
Elementary School Sunset Valley
Middle School Covington
High School Crockett
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
509 Ramble Ln
Community Fairview Sec 01
$409,900 $342 3 bd / 2 ba 1,198 sqft , 2026-08-17
6407 Cannonleague Dr
Manchaca Estates Amd
$404,900 $309 3 bd / 2 ba 1,312 sqft , 2026-03-16
4501 Gillis St
Forest Oaks
$400,000 $424 3 bd / 1 ba 944 sqft , 2026-04-28
4901 Richmond Ave #B
None
$420,000 $583 2 bd / 1 ba 720 sqft , 2026-04-13
4704 Sunset Trl #1201
Grange Condominiums
$399,000 $372 2 bd / 2 ba 1,073 sqft , 2026-05-22

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
$1,968/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
$82,000
20% conventional investment loan

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

Estimated Gross Rent+$1,968
Principal + Interest−$2,238
Property Tax (~2.1% TX avg)−$717
Insurance (~0.5%)−$171
Est. Monthly Cash Flow $-1,158

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 →