Active Listing  ·  88 days on market

1912 Holly St

Austin, TX 78702
$539,000
3 Bed 2 Bath 936 sqft $576/sqft Built 1945 0.10 acres Pool Driving Park Add

Exceptional redevelopment opportunity in one of Austin’s most desirable urban core locations. Situated in the heart of the vibrant Holly District, this property is being offered for land value only and is ideal for investors, builders, or buyers seeking a premier lot for future development. Existing structure is considered a teardown.

Prime location just minutes from Lady Bird Lake, Downtown Austin, Rainey Street, East Austin entertainment districts, hike and bike trails, restaurants, coffee shops, live music venues, and local nightlife. Convenient access to major Austin employers, shopping, entertainment, and recreation.

Surrounded by ongoing redevelopment and modern construction, this property offers tremendous potential in a highly sought-after area known for its walkability, lifestyle, and proximity to Austin’s urban amenities. Buyer to independently verify zoning, development restrictions, utilities, and future use possibilities. Property sold as-is.

At $576/sqft, this home is priced 47% 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

1912 Holly St, Austin, TX 78702

Property Details

Price $539,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 936 sqft
Lot Size 0.10 acres (4,416.98 sqft)
Year Built 1945
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Driving Park Add
County Travis
Zip Code 78702
$/sqft $576/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,002.65
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229385500
List Date May 8, 2026
Elementary School Sanchez
Middle School Martin
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.

Schedule a Call →

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
2812 Oak Springs Dr #2
Homewood Heights
$535,000 $491 2 bd / 3 ba 1,089 sqft , 2025-10-23
2015 Fair Oaks Dr
Southern Oaks Sec 01
$535,000 $460 3 bd / 2 ba 1,164 sqft , 2026-06-02
2505 E 11th St #2
2505 E 11th Street Condos
$535,000 $597 2 bd / 3 ba 896 sqft , 2026-07-30
1701 Simond Ave #639
Parkside/Mueller Condos
$545,000 $500 2 bd / 2 ba 1,091 sqft , 2026-02-28
1609 Larkwood Dr
Delwood 04 Sec B
$545,000 $446 3 bd / 1 ba 1,222 sqft , 2026-07-11

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
$2,587/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
$107,800
20% conventional investment loan

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

Estimated Gross Rent+$2,587
Principal + Interest−$2,942
Property Tax (~2.1% TX avg)−$943
Insurance (~0.5%)−$225
Est. Monthly Cash Flow $-1,523

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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