Active Listing  ·  45 days on market

2017 E 8th St

Austin, TX 78702
$509,900
3 Bed 2 Bath 960 sqft $531/sqft Built 2012 0.14 acres Pool Morse Fred C

East 8th is one of the hottest corridors in East Austin right now. This is prime real estate in 78702—minutes from downtown, surrounded by new development and strong builder activity.

Both adjacent lots are being offered together for $989,000 total. Combined, the properties offer approximately 0.27 acres with 92 feet of East 8th Street frontage. The seller may also consider separate sales for the right buyer.

This is a rare opportunity to acquire a larger site in one of East Austin’s most active and sought-after areas. City water and sewer are in place, the properties are located in Flood Zone X, and zoning has been confirmed for residential development.

Whether you’re a builder, developer, or investor looking for a strategic East Austin opportunity, this assemblage offers location, frontage, and development potential in a corridor where larger sites rarely become available.

At $531/sqft, this home is priced 35% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2017 E 8th St, Austin, TX 78702

Property Details

Price $509,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 960 sqft
Lot Size 0.14 acres (5,924.16 sqft)
Year Built 2012
Garage ,
Stories ,
Type Residential · Mobile Home
Subdivision Morse Fred C
County Travis
Zip Code 78702
$/sqft $531/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239255291
List Date July 9, 2026
Elementary School Zavala
Middle School Martin
High School Eastside 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 →

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
2604 Sol Wilson Ave
Division B
$519,500 $698 2 bd / 1 ba 744 sqft , 2026-08-05
1176 Graham St
Keystone Add
$495,000 $625 2 bd / 1 ba 792 sqft , 2026-03-30
2503 Gonzales St
Simms Paul O
$495,000 $611 2 bd / 1 ba 810 sqft , 2026-06-11
1601 E 5th St #211
Saltillo Lofts Condo Amd
$495,000 $404 2 bd / 2 ba 1,225 sqft , 2026-07-23
1166 Ridgeway Dr
Homewood Heights
$495,000 $396 4 bd / 2 ba 1,250 sqft , 2026-08-19

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
$2,448/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
$101,980
20% conventional investment loan

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

Estimated Gross Rent+$2,448
Principal + Interest−$2,783
Property Tax (~2.1% TX avg)−$892
Insurance (~0.5%)−$212
Est. Monthly Cash Flow $-1,439

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 July 28, 2026.

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