Active Listing  ·  79 days on market

1905 Bissel Ln

Austin, TX 78745
$485,000
3 Bed 2 Bath 1,555 sqft $312/sqft Built 1955 0.51 acres 1.5-Car Garage Pool Matthews Place

If you want property that you can expand or possibly have commercial potential this, is it. This newly renovated and remodeled property sits on over half an acre with mature trees and allow for an ADU or the property to subdivide into additional lots to allow the construction of additional houses in order to generate additional income or a multi-generational footprint. Owner has stated that the house is 1555 square feet, but survey will be received in the coming weeks to verify exact square footage. Recent renovations include paint, carpet, reconstructed car port with storage, siding, and all new blinds. Be less than 20 minutes away from downtown even during peak rush hour traffic.

At $312/sqft, this home is 20% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1905 Bissel Ln, Austin, TX 78745

Property Details

Price $485,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,555 sqft
Lot Size 0.51 acres (22,302.72 sqft)
Year Built 1955
Garage 1.5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Matthews Place
County Travis
Zip Code 78745
$/sqft $312/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,381.41
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232741548
List Date June 6, 2026
Elementary School Cunningham
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.

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 6, 2026 $540,000
Previous ask $499,000
Current ask $485,000
Reduced $55,000 (-10.2%) 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
7004 Twisted Oaks Dr
Whispering Oaks 01
$485,000 $390 3 bd / 2 ba 1,245 sqft , 2026-07-29
1108 Gobi Dr
Oasis Village Sec 04
$490,000 $246 4 bd / 3 ba 1,994 sqft , 2026-08-13
2329 Amur Dr
Independence Park Condo Amd
$475,000 $332 3 bd / 2 ba 1,431 sqft , 2026-03-26
1704 Parkside Ln
Cherry Creek
$475,000 $289 4 bd / 2 ba 1,644 sqft , 2026-06-11
1325 Central Park Ct
Central Park (Salem Center Resub Of Lt B-1)
$499,000 $330 3 bd / 3 ba 1,514 sqft , 2026-06-24

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
$2,328/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
$97,000
20% conventional investment loan

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

Estimated Gross Rent+$2,328
Principal + Interest−$2,647
Property Tax (~2.1% TX avg)−$849
Insurance (~0.5%)−$202
Est. Monthly Cash Flow $-1,370

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 →