About This Home

Location, Location, Location. This home is situated in the heart of Austin. Our State Capitol is only 5.7 miles away and UT is 4.3 miles away. Access to CapMetro Bus or Train is well within walking distance. Perfect opportunity for an investor or home owner who is ready to transform this lot into multi units. The home is a well loved 3/1 with original gorgeous wood floors. The carport/garage is finished out with screened patio and could possibly be expand the footprint. Owners were considering new build in 2020, plans for new home with ADU at the rear can be included in the sale (a Moore-Tate design). It's time for the owners to let the next family make their home here. Renters in place until November 2026. Allowing for time to get permits and make plans.

At $356/sqft, this home is 9% 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

203 W Odell St W, Austin, TX 78752

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Property Details

Price $379,000

Status Active Listing

Beds 3

Full Baths 1

Half Baths ,

Living Area 1,066 sqft

Lot Size 0.17 acres (7,623 sqft)

Year Built 1955

Garage 1 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Bills Add Sec 01

County Travis

Zip Code 78752

$/sqft $356/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT237733667

List Date June 29, 2026

Elementary School Brown

Middle School Webb

High School Navarro Early College

School District ,

Have Questions About This Property?

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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

7102 Providence Ave #2
BLACK A K SUBD NO 1 $375,000 $339 2 bd / 3 ba 1,106 sqft , 2026-01-17

105 E Walnut Dr
Dean Terrace $400,000 $494 2 bd / 1 ba 810 sqft , 2025-11-18

7711 Watson St #B
7711 Watson Street Condo $349,900 $453 2 bd / 1 ba 772 sqft , 2026-07-02

7711 Watson St #A
7711 Watson Street Condo $349,900 $456 2 bd / 1 ba 768 sqft , 2026-08-21

6324 N Lamar Blvd #419
Ellis Highline $319,000 $332 2 bd / 2 ba 962 sqft , 2026-05-30

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

$1,819/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

$75,800

20% conventional investment loan

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

Estimated Gross Rent+$1,819

Principal + Interest−$2,068

Property Tax (~2.1% TX avg)−$663

Insurance (~0.5%)−$158

Est. Monthly Cash Flow $-1,070

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

About the Author

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 7, 2026.

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

203 W Odell St W

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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