Active Listing  ·  109 days on market

2403 S 2nd St

Austin, TX 78704
$517,500
2 Bed 1 Bath 560 sqft $924/sqft Built 1952 0.15 acres Pool Bouldin

This Bouldin bungalow is a 2-bedroom, 1-bathroom cottage that serves as a piece of South Austin history, offering the walkable lifestyle that defines the area just a short stroll from the local cafes and coffee spots along South 1st Street. There is a palpable warmth here that only comes from a home being held and meticulously maintained by the same family for decades. It carries a sense of character and longevity that stands out among the newer builds in the 78704 zip code. The interior of this Bouldin home is centered around gorgeous original long-leaf pine floors. These wood floors have been beautifully preserved and stretch through a living room filled with natural light and traditional crown molding. The layout is easy and open, flowing into the dining area and a kitchen that feels deeply connected to the backyard thanks to a wall of windows. The kitchen features a gas range and a view of the backyard. The two bedrooms are surprisingly oversized, each offering long leaf pine flooring. The bathroom adds a lovely touch to the home's charm with its marble and subway tile finishes. The backyard is where this Bouldin property truly comes alive, featuring an ancient tree that provides a deep canopy of shade over a lush grassy lawn. It is a quiet, private world that feels tucked away, especially since the yard is angled to maintain a sense of seclusion from the nearby commercial spots. Between the covered back patio, the xeriscaped landscaping, and the wide-open garden space, there is so much room to host friends or just enjoy a quiet evening in the shade. Living in Bouldin puts you in the middle of everything, only minutes from the skyline of Downtown Austin and a quick walk to the music and boutique shopping on South Congress. With the 2010 renovations providing a solid foundation and quick access to I-35 making any commute easy, this home is ready for its next chapter.

At $924/sqft, this home is priced 136% 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

2403 S 2nd St, Austin, TX 78704

Property Details

Price $517,500
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 560 sqft
Lot Size 0.15 acres (6,390.25 sqft)
Year Built 1952
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Bouldin
County Travis
Zip Code 78704
$/sqft $924/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,308.5
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226429187
List Date April 17, 2026
Elementary School Dawson
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 →

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 · April 17, 2026 $615,000
Previous ask $565,000
Current ask $517,500
Reduced $97,500 (-15.9%) 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
48 East Ave #3005
Natiivo
$519,900 $736 1 bd / 1 ba 706 sqft , 2026-02-16
222 West Ave #1108
Seaholm Residences Residential
$515,000 $749 1 bd / 1 ba 688 sqft , 2026-06-15
48 East Ave #1705
NATIIVO Zoppp Add
$520,000 $694 1 bd / 1 ba 749 sqft , 2025-04-04
2101 E 8TH St
MORSE FRED C
$509,900 $1,108 3 bd / 1 ba 460 sqft , 2026-07-09
44 East Ave #1602
44 East Ave Condos
$530,000 $839 1 bd / 1 ba 632 sqft , 2026-02-20

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
$2,484/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
$103,500
20% conventional investment loan

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

Estimated Gross Rent+$2,484
Principal + Interest−$2,824
Property Tax (~2.1% TX avg)−$906
Insurance (~0.5%)−$216
Est. Monthly Cash Flow $-1,462

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 →

Neighborhood Context

About Bouldin Creek

Bouldin Creek is the neighborhood that defines South Austin to most Austinites. Bounded by South Lamar to the west and South First to the east, it sits at the center of South Austin's restaurant and nightlife scene while maintaining the residential feel that makes it so desirable.

The housing stock is predominantly craftsman bungalows and cottages - the kind of homes you'd see on real estate Instagram if it actually showed real neighborhoods. Many have been lovingly renovated while maintaining their character. New construction townhomes and modern infill have appeared, but the neighborhood has enough historic character to absorb them without losing its identity.

South First Corridor

South First Street runs through the neighborhood with a concentration of beloved coffee shops, restaurants, and bars. Jo's Coffee, Home Slice Pizza, and Hopdoddy are all minutes away.

🏡
Bungalow Character

Among Austin's highest concentrations of intact craftsman bungalows. The architecture gives the neighborhood an identity and cohesion that newer areas lack.

🐕
Dog-Friendly

Bouldin Creek is extremely dog-friendly - multiple off-leash areas, dog-friendly patios, and a culture that treats dogs as full community members.

🎸
Music & Nightlife

Walking distance to Emo's, Continental Club, and the entire South Lamar nightlife corridor. Live music is part of the daily soundtrack.

Full Bouldin Creek Guide →

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 →