About This Home

Prime redevelopment opportunity in East Austin. This SF-4 zoned lot with alley access spans 0.1828 acres and sits less than 10 minutes from downtown. The existing structure could either use some TLC but is likely not viable, making this property ideal for investors seeking a tear-down in one of Austin’s fastest-growing corridors.

At $358/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

2103 E 12th St, Austin, TX 78702

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Property Details

Price $499,000

Status Active Listing

Beds 4

Full Baths 3

Half Baths ,

Living Area 1,392 sqft

Lot Size 0.18 acres (7,962.77 sqft)

Year Built 1922

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Foster

County Travis

Zip Code 78702

$/sqft $358/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $11,228.15

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT207533241

List Date September 24, 2025

Elementary School Blackshear

Middle School Kealing

High School Eastside Early College

School District ,

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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

2705 Halcyon Dr
The Orchard Condominium $499,000 $267 3 bd / 3 ba 1,869 sqft , 2026-05-21

1166 Ridgeway Dr
Homewood Heights $495,000 $396 4 bd / 2 ba 1,250 sqft , 2026-08-19

2900 Castro St
Chernosky $489,000 $303 5 bd / 2 ba 1,616 sqft , 2025-01-23

1403 Clifford Ave
Lesikar $489,000 $466 3 bd / 1 ba 1,050 sqft , 2026-06-19

2017 E 8th St
Morse Fred C $509,900 $531 3 bd / 2 ba 960 sqft , 2026-07-09

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

$2,395/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

$99,800

20% conventional investment loan

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

Estimated Gross Rent+$2,395

Principal + Interest−$2,723

Property Tax (~2.1% TX avg)−$873

Insurance (~0.5%)−$208

Est. Monthly Cash Flow $-1,409

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 9, 2026.

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

2103 E 12th St

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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