Active Listing  ·  75 days on market

201 Woodward St

Austin, TX 78704
$1,299,999
3 Bed 3 Bath 1,680 sqft $774/sqft Built 1958 0.37 acres 2-Car Garage Pool Woodward Indust District

Located adjacent to the existing Woodward Street assemblage opportunity, 201 Woodward Street presents a rare chance to expand a potential 78704 redevelopment footprint directly across from St. Edward's University. Offered separately under separate ownership, this property may be acquired in conjunction with 205, 207, and 209 Woodward Street to create a larger-scale development opportunity in one of Austin’s most active urban infill corridors.

Positioned just 0.1 miles from South Congress Avenue, the site offers immediate connectivity to Downtown Austin, the St. Elmo Arts District, Interstate 35, and U.S. Highway 290. The surrounding area continues to experience strong redevelopment activity driven by central location, walkability, and proximity to major employment and entertainment districts.

The property is improved with an existing residential structure and is being marketed as part of a broader assemblage opportunity. Sale of the property will be subject to a life estate reservation by the Seller, with additional details available upon request. Buyers to independently verify zoning, development potential, and all feasibility considerations related to the assemblage opportunity.

At $774/sqft, this home is priced 98% 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

201 Woodward St, Austin, TX 78704

Property Details

Price $1,299,999
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,680 sqft
Lot Size 0.37 acres (16,226.1 sqft)
Year Built 1958
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Woodward Indust District
County Travis
Zip Code 78704
$/sqft $774/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $17,086.16
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230134005
List Date May 21, 2026
Elementary School Galindo
Middle School Lively
High School Travis
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
1002 W Johanna St #1
Bouldin James E Add
$1,300,000 $897 3 bd / 4 ba 1,450 sqft , 2025-09-19
2410 Elmglen Dr
Barton Hills Sec 01
$1,300,000 $847 4 bd / 3 ba 1,534 sqft , 2026-03-28
2506 E 2nd St #2
Highway Add
$1,300,000 $590 4 bd / 5 ba 2,202 sqft , 2026-07-27
111 Adam L Chapa Sr St
Fair Grounds Add
$1,299,000 $605 4 bd / 3 ba 2,146 sqft , 2026-03-06
1710 S 5th St #2
Bouldin Add North Ext
$1,299,000 $711 3 bd / 4 ba 1,826 sqft , 2026-04-17

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
$6,240/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
$260,000
20% conventional investment loan

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

Estimated Gross Rent+$6,240
Principal + Interest−$7,095
Property Tax (~2.1% TX avg)−$2,275
Insurance (~0.5%)−$542
Est. Monthly Cash Flow $-3,672

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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