Active Listing  ·  48 days on market

2404 Santa Rita St

Austin, TX 78702
$375,000
3 Bed 2 Bath 738 sqft $508/sqft Built 1939 0.08 acres Pool Industrial Add

Fabulous location in the heart of East Austin! Whether you’re a first-time homebuyer, investor, or looking for a lock-and-leave lifestyle, this charming three-bedroom, two-bath home offers exceptional value and opportunity. The open kitchen flows seamlessly into the living and dining areas, while abundant natural light and laminate wood flooring throughout create a bright, welcoming feel. The home has been thoughtfully updated, while still offering an excellent opportunity for the next owner to complete the remaining improvements, add their personal touches, and maximize the property's potential. Thoughtfully designed with well-separated bedrooms for added privacy, the home is ideal for roommates, guests, or a home office setup. Set just moments from Lady Bird Lake, Downtown Austin, and East Austin’s celebrated restaurants, coffee shops, breweries, and nightlife, you’ll enjoy easy access to favorites like Juiceland, Veracruz All Natural, Desnudo Coffee, Fleet Coffee, and Lazarus Brewing, along with nearby H-E-B, Target, and the hike-and-bike trails. Surrounded by exciting redevelopment and new construction, the property is positioned in one of Austin’s most sought-after corridors, offering an exceptional balance of convenience, lifestyle, and long-term investment potential. The inviting front porch welcomes you home, while the front and backyard offer a blank canvas for your personal vision and landscaping ideas. Property is being sold AS-IS. Potential buyer financing available—call agent for details.

At $508/sqft, this home is priced 29% 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

2404 Santa Rita St, Austin, TX 78702

Property Details

Price $375,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 738 sqft
Lot Size 0.08 acres (3,375.9 sqft)
Year Built 1939
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Industrial Add
County Travis
Zip Code 78702
$/sqft $508/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,494.01
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242232917
List Date August 5, 2026
Elementary School Zavala
Middle School Martin
High School Eastside Early College
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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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
2909 E 5th St
Hartwell Add
$399,000 $451 2 bd / 1 ba 884 sqft , 2026-07-02
2907 E 5th St
Hartwell Add
$399,000 $612 2 bd / 1 ba 652 sqft , 2026-07-02
719 Springdale Rd
Chunn
$399,000 $583 2 bd / 1 ba 684 sqft , 2026-08-12
1139 1/2 Poquito St #3
Chernosky
$335,000 $537 2 bd / 2 ba 624 sqft , 2026-01-08
2709 E 5th St #2305
58EAS
$420,000 $423 2 bd / 1 ba 992 sqft , 2025-10-02

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
$1,800/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
$75,000
20% conventional investment loan

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

Estimated Gross Rent+$1,800
Principal + Interest−$2,047
Property Tax (~2.1% TX avg)−$656
Insurance (~0.5%)−$156
Est. Monthly Cash Flow $-1,059

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 August 11, 2026.

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