About This Home

Updated home that is clean and ready for a new owner. Great investment property or first time home buyer opportunity in the heart of South Austin. Easy access to IH 35 from either Slaughter Lane or 1626. Nestled in the heart of the popular Olympic Heights neighborhood, new roof (2024) this home has been recently updated with recent HVAC Condenser (2022) interior paint, and fresh landscaping, new fence recently installed 2026, natural gas cooktop, refrigerator conveys, free standing microwave, easy to maintain yard, and features an electric fireplace in the family room. Ready for a new owner.

At $282/sqft, this home is 28% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2215 Marcus Abrams Blvd, Austin, TX 78748

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Property Details

Price $329,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,167 sqft

Lot Size 0.11 acres (4,726.26 sqft)

Year Built 2003

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Olympic Heights Sec 02

County Travis

Zip Code 78748

$/sqft $282/sqft

Days on Market ,

HOA $44/Monthly

Annual Tax Est. $7,101.63

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT236490239

List Date June 20, 2026

Elementary School Baranoff

Middle School Bailey

High School Akins

School District ,

Have Questions About This Property?

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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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

11203 Ranch Road 2222 None #1104
Alicante $329,000 $235 2 bd / 3 ba 1,398 sqft , 2026-03-03

312 Blackson Ave
St Johns Home Add $329,000 $264 3 bd / 2 ba 1,248 sqft , 2026-06-02

2918 Ranch Road 620 Rd N #G127
Villas On Travis Condo Amd $329,000 $299 2 bd / 2 ba 1,099 sqft , 2026-06-09

2021 Sharper Mews Ln
Edgewick $329,000 $296 2 bd / 2 ba 1,112 sqft , 2026-06-23

6801 Beckett Rd #143L
Cottage Court Condominiums $329,000 $339 2 bd / 2 ba 970 sqft , 2026-07-21

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

$1,579/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

$65,800

20% conventional investment loan

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

Estimated Gross Rent+$1,579

Principal + Interest−$1,795

Property Tax (~2.1% TX avg)−$576

Insurance (~0.5%)−$137

Est. Monthly Cash Flow $-929

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

2215 Marcus Abrams Blvd

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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