Active Listing  ·  26 days on market

2004 Griswold Ln

Austin, TX 78703
$899,000
2 Bed 1 Bath 1,544 sqft $582/sqft Built 1953 0.25 acres Pool Ward & Treadwell

Fantastic opportunity in Tarrytown- first time ever on the market! Mid-Century home with separate guest house/rental apartment. The house is in original condition from 1953 and ready for renovation and expansion, or the oversized quarter-acre creekside lot (65' x 160') could be redeveloped with up to three new units. Excellent potential for a residential condo regime in one of Austin's most desirable neighborhoods. The wet-weather creek on the adjacent lot creates a great privacy buffer and a lush landscape. Buyers/builders should independently verify all information for potential redevelopment plans.

At $582/sqft, this home is priced 49% 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

2004 Griswold Ln, Austin, TX 78703

Property Details

Price $899,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 1,544 sqft
Lot Size 0.25 acres (10,781.1 sqft)
Year Built 1953
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Ward & Treadwell
County Travis
Zip Code 78703
$/sqft $582/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $22,920.63
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238621106
List Date July 9, 2026
Elementary School Casis
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.

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
4530 Clawson Rd #1
Park Forest Sec 03
$899,000 $474 3 bd / 3 ba 1,896 sqft , 2026-01-18
1813 E 38th 1/2 St #2
Giles Place Sec 02
$899,000 $525 3 bd / 3 ba 1,713 sqft , 2026-01-28
1131 Poquito St #A
11315 Poquito Condo Ame
$899,000 $578 3 bd / 3 ba 1,556 sqft , 2026-04-24
7809 Old Bee Caves Rd #19
Cayena Creekside
$899,000 $506 3 bd / 3 ba 1,778 sqft , 2026-05-21
219 Lessin Ln #Unit 6
Post Road
$899,000 $465 3 bd / 3 ba 1,934 sqft , 2026-05-21

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
$4,315/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
$179,800
20% conventional investment loan

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

Estimated Gross Rent+$4,315
Principal + Interest−$4,906
Property Tax (~2.1% TX avg)−$1,573
Insurance (~0.5%)−$375
Est. Monthly Cash Flow $-2,539

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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