Active Listing  ·  97 days on market

2102 E Martin Luther King Jr Blvd

Austin, TX 78702
$1,750,000
4 Bed 2 Bath 2,244 sqft $780/sqft Built 1953 0.36 acres Pool Johns C R

Rare opportunity to own two adjacent properties in the heart of East Austin, each with an existing residence and exceptional flexibility for live/work, investment, or multi-generational living. Together, 2102 and 2104 E. Martin Luther King Jr. Blvd comprise approximately .36 acres with alley access, prominent street frontage, and mixed-use zoning (LO-MU-V-CO-NP). Unlike many opportunities in the area, both homes are usable today, allowing an owner to live in one residence while operating a business from the other, create separate rental income streams, establish a professional office with on-site living, or enjoy a private compound in a highly connected central location. The charming bungalow at 2102 offers a versatile layout ideal for residential, office, studio, or rental use, while 2104 showcases Victorian architecture, tall ceilings, abundant natural light, and historic character that creates a memorable setting for either living or working. This unique dual-property offering combines immediate functionality with long-term flexibility, making it well suited for entrepreneurs, creatives, consultants, medical professionals, attorneys, investors, and owner-occupants alike. Located just minutes from Downtown Austin, the University of Texas, Dell Seton Medical Center, and the Capitol Complex, the property is surrounded by some of East Austin’s most popular destinations, including Nixta Taqueria, Bird Bird Biscuit, Bennu Coffee, and Franklin Barbecue. Nearby MetroRail access, major transportation routes, and walkable neighborhood amenities further enhance the appeal of this rare opportunity to live, work, invest, and grow in one of Austin’s most vibrant and rapidly evolving corridors.

At $780/sqft, this home is priced 98% 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

2102 E Martin Luther King Jr Blvd, Austin, TX 78702

Property Details

Price $1,750,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 2,244 sqft
Lot Size 0.36 acres (15,681.6 sqft)
Year Built 1953
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Johns C R
County Travis
Zip Code 78702
$/sqft $780/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $20,548
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236682054
List Date June 17, 2026
Elementary School Campbell
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.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · June 17, 2026 $1,950,000
Current ask $1,750,000
Reduced $200,000 (-10.3%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
708 Sparks Ave
Harris Park Add
$1,599,000 $562 4 bd / 4 ba 2,847 sqft , 2026-02-20
800 Embassy Dr #605
Tyndall
$1,498,000 $757 3 bd / 3 ba 1,978 sqft , 2026-02-12
3200 Harris Park Ave
Carrolls L W
$1,350,000 $699 4 bd / 2 ba 1,930 sqft , 2026-06-29
1175 Navasota St #2
Robertson George L
$1,294,950 $532 4 bd / 4 ba 2,435 sqft , 2025-10-10
2201 E 16th St
Division B
$1,199,900 $475 4 bd / 4 ba 2,524 sqft , 2026-07-08

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
$8,400/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
$350,000
20% conventional investment loan

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

Estimated Gross Rent+$8,400
Principal + Interest−$9,550
Property Tax (~2.1% TX avg)−$3,063
Insurance (~0.5%)−$729
Est. Monthly Cash Flow $-4,942

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 31, 2026.

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