Active Listing  ·  141 days on market

204 W 32nd St

Austin, TX 78705
$2,650,000
3 Bed 3 Bath 3,944 sqft $672/sqft Built 1925 0.21 acres 2-Car Garage Pool Aldridge Place

Just steps from Hemphill Park, this two-story Tudor Revival residence (3BR,2.5BA) with separate guest house (2BR,2BA) was built in 1925 and is located in the charming Aldridge Place Historic District. While thoughtful updates and additions have been made over the years, this elegant home retains much of its original character such as hardwood floors, Tudor archways with French doors, a central staircase, crown molding and many built-ins. The flexible floor plan (2,740sf) features three living and two dining areas on the main level with three bedrooms and two full baths upstairs. A spacious and sun-filled family room is adjacent to the kitchen and opens to a large screened-in porch that overlooks the patio, garden and backyard. A separate guest house and two-car garage sit at the back of the property. The two-story guest house (1,204sf) features two bedrooms, two full baths, a living room, kitchen and sunroom. If desired, all appliances and most furniture (some custom built) can convey. Additional features include guest quarters, full size walk-up attic (potential to convert to living space), built-in speakers, whole house water filter, recent roof and HVAC systems.

At $672/sqft, this home is priced 72% 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

204 W 32nd St, Austin, TX 78705

Property Details

Price $2,650,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 3,944 sqft
Lot Size 0.21 acres (9,138.89 sqft)
Year Built 1925
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Aldridge Place
County Travis
Zip Code 78705
$/sqft $672/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $32,914.11
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222255960
List Date March 16, 2026
Elementary School Lee
Middle School Kealing
High School McCallum
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
1407 Alameda Dr
Travis Heights
$2,650,000 $714 4 bd / 4 ba 3,714 sqft , 2026-05-14
5729 Krause Ln #19
Spanish Oaks
$2,650,000 $714 4 bd / 5 ba 3,710 sqft , 2026-06-11
11842 Rim Rock Trl
Rim Rock Subdivision
$2,650,000 $940 2 bd / 3 ba 2,820 sqft , 2026-06-30
4703 Highland Ter
Highland Park West
$2,675,000 $767 4 bd / 4 ba 3,489 sqft , 2026-05-28
1900 Matthews Dr
Laurel Heights
$2,675,000 $929 4 bd / 4 ba 2,880 sqft , 2026-06-25

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
$12,720/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
$530,000
20% conventional investment loan

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

Estimated Gross Rent+$12,720
Principal + Interest−$14,462
Property Tax (~2.1% TX avg)−$4,638
Insurance (~0.5%)−$1,104
Est. Monthly Cash Flow $-7,484

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →