Active Listing  ·  20 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 21% 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

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
1208 W Oltorf St #B
Southwood
$960,000 $504 3 bd / 4 ba 1,904 sqft , 2026-01-20
1208 W Oltorf St #A
Southwood
$960,000 $504 3 bd / 4 ba 1,904 sqft , 2026-01-31
6914 Thorncliffe Dr
Allen Place
$970,000 $378 4 bd / 3 ba 2,569 sqft , 2026-07-03
2700 Pearce Rd
Manana West
$959,500 $458 4 bd / 2 ba 2,095 sqft , 2026-07-10
3524 Gonzales St #1A
Grange Commons
$958,000 $446 4 bd / 4 ba 2,147 sqft , 2026-06-02

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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