Active Listing  ·  69 days on market

1811 W 39th St #A/B

Austin, TX 78731
$965,000
4 Bed 3 Bath 2,044 sqft $472/sqft Built 1997 0.16 acres Pool Ridgelea

WONDERFUL INVESTMENT/DUPLEX OPPORTUNITY IN DESIRABLE OAKMONT HEIGHTS. Situated less than 5 miles from downtown Austin, 1811 W 39th Street is in the heart of the coveted Oakmont Heights neighborhood known for its walkability. An excellent investment property in a premier location, this lot features a spacious duplex with A and B sides that are currently tenant occupied with off-street parking on the back of the residences. The fenced-in side yard off unit B offers mature trees for shade. Take a short stroll to Shoal Creek via tree-lined, shaded streets and enjoy The Grove parks and retail, Central Market, Kerbey Lane Village, and Tiny Boxwoods in less than a mile. These lots are conveniently close to Mopac and less than a mile from Seton Main hospital. Lot size, tax amounts, and assessed values are ESTIMATES for illustration purposes only. TCAD represents this property as combined with another so Broker has used best estimates which should be independently verified by any interested party. Neither Seller nor Broker guarantee the accuracy of any figures shown herein.

At $472/sqft, this home is priced 20% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1811 W 39th St #A/B, Austin, TX 78731

Property Details

Price $965,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,044 sqft
Lot Size 0.16 acres (7,043.65 sqft)
Year Built 1997
Garage ,
Stories ,
Type Residential · See Remarks
Subdivision Ridgelea
County Travis
Zip Code 78731
$/sqft $472/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,160
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239303126
List Date July 15, 2026
Elementary School Bryker Woods
Middle School O Henry
High School Austin
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
4702 Chiappero Trl
Shoalwoods
$965,000 $475 3 bd / 2 ba 2,030 sqft , 2026-07-24
5212 Woodrow Ave
Broadacres
$925,000 $555 4 bd / 2 ba 1,666 sqft , 2026-08-28
4501 Oakmont Blvd
Shoal Village Sec 02
$899,000 $429 4 bd / 2 ba 2,098 sqft , 2026-09-17
1206 North St
GEORGIAN TERRACE
$895,000 $505 3 bd / 2 ba 1,771 sqft , 2026-09-18
3806 Bull Creek Rd #B
3806 Bull Crk Condos
$879,000 $487 3 bd / 3 ba 1,804 sqft , 2026-08-07

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
$4,632/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
$193,000
20% conventional investment loan

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

Estimated Gross Rent+$4,632
Principal + Interest−$5,266
Property Tax (~2.1% TX avg)−$1,689
Insurance (~0.5%)−$402
Est. Monthly Cash Flow $-2,725

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 July 16, 2026.

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