Active Listing  ·  63 days on market

1813 Rhodes Rd

Austin, TX 78721
$312,800
2 Bed 2 Bath 992 sqft $315/sqft Built 1950 0.14 acres 1-Car Garage Pool Owens Murray

Charming 1950s Home in Vibrant East Austin – 1813 Rhodes Rd, Austin, TX 78721 Discover this cozy single-family residence in the established Owens Murray subdivision, perfectly situated in the heart of East Austin’s 78721 zip code. Built in 1950, this 992 sq. ft. home offers 1 and a half bathrooms on a generous 6,072 sq. ft. lot, providing ample outdoor space for gardening, entertaining, or future expansion.

zillow.com

Ideal for first-time buyers, investors, or anyone seeking a blank canvas in one of Austin’s most up-and-coming neighborhoods, this property features classic mid-century bones ready for your personal touch. Whether you envision a modern renovation or a comfortable move-in-ready retreat, the flexible layout and solid foundation make it a standout opportunity.

At $315/sqft, this home is 19% 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

1813 Rhodes Rd, Austin, TX 78721

Property Details

Price $312,800
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 992 sqft
Lot Size 0.14 acres (6,072.26 sqft)
Year Built 1950
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Owens Murray
County Travis
Zip Code 78721
$/sqft $315/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,128.18
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236078878
List Date June 12, 2026
Elementary School Sims
Middle School Garcia
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.

Schedule a Call →

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 · June 12, 2026 $340,000
Current ask $312,800
Reduced $27,200 (-8.0%) 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
1616 Webberville Rd #A
Flournoy's Eastern Hills Sec 4
$325,000 $451 2 bd / 1 ba 720 sqft , 2026-01-07
1119 Mark St #D
Pecan Valley
$299,950 $417 2 bd / 1 ba 720 sqft , 2026-07-06
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
1122 Spur #D St #D
Pecan Valley
$330,000 $288 3 bd / 2 ba 1,144 sqft , 2026-05-14

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
$1,501/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.45%
NOI after 40% vacancy + expenses
Down Payment
$62,560
20% conventional investment loan

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

Estimated Gross Rent+$1,501
Principal + Interest−$1,707
Property Tax (~2.1% TX avg)−$547
Insurance (~0.5%)−$130
Est. Monthly Cash Flow $-883

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 3, 2026.

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