Active Listing  ·  68 days on market

205 Woodward St

Austin, TX 78704
$649,900
3 Bed 3 Bath 1,599 sqft $406/sqft Built 1958 0.23 acres Pool Woodward Indust District

Exceptional opportunity in one of South Austin's most sought-after neighborhoods. Located just minutes from South Congress, Downtown Austin, St. Edward's University, and major employment centers, this property offers immediate livability with outstanding long-term upside. Whether you're looking for a primary residence, investment property, or future development opportunity, the location and potential are hard to match.

For builders and developers, 205 Woodward is also available as part of a rare three-parcel assemblage with the adjacent properties at 207 and 209 Woodward, creating an exceptional infill townhome development opportunity in a rapidly evolving corridor. The combined site offers flexibility for those seeking to capitalize on strong demand for new residential housing in Central Austin while still providing income potential from the existing improvements.

Buyer to independently verify zoning, development potential, restrictions, and all property information.

At $406/sqft, this home is priced 3% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

205 Woodward St, Austin, TX 78704

Property Details

Price $649,900
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,599 sqft
Lot Size 0.23 acres (9,844.56 sqft)
Year Built 1958
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Woodward Indust District
County Travis
Zip Code 78704
$/sqft $406/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240171032
List Date July 16, 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.

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
511 South Park Dr #2
Dawson
$649,900 $488 2 bd / 3 ba 1,332 sqft , 2026-07-14
300 Lightsey Rd #2
lightsey rd condominiums
$630,000 $573 2 bd / 2 ba 1,100 sqft , 2026-03-10
504 Normandy St #A
504 Normandy Street Condos
$670,000 $324 3 bd / 4 ba 2,068 sqft , 2026-08-14
3618 S 2nd St
Victorian Oaks
$625,000 $430 3 bd / 3 ba 1,454 sqft , 2026-09-14
2606 Friar Tuck Ln
Sherwood Oaks Sec 04
$675,000 $419 3 bd / 2 ba 1,612 sqft , 2026-09-02

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
$3,120/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
$129,980
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (~2.1% TX avg)−$1,137
Insurance (~0.5%)−$271
Est. Monthly Cash Flow $-1,835

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 17, 2026.

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