Active Listing  ·  73 days on market

2503 Gonzales St

Austin, TX 78702
$495,000
2 Bed 1 Bath 810 sqft $611/sqft Built 1940 0.12 acres Pool Simms Paul O

2503 Gonzales Street offers the kind of East Austin lifestyle people move here for— vibrant and full of local favorites just minutes from your front door. Start your mornings with coffee from neighborhood cafés, grab dinner at some of Austin's most talked-about restaurants, and enjoy the energy of nearby nightlife without sacrificing the comfort of coming home to your own private retreat. With H-E-B, Austin Community College, University of Texas, and MetroRail access all conveniently close by, getting around town and tackling everyday errands couldn't be easier.

This charming 2-bedroom, 1-bath home has been thoughtfully updated, blending its original character with improvements that make daily living easy. Recent updates include kitchen cabinets, kitchen appliances, a replaced roof, HVAC condenser, fresh interior and exterior paint, and a new gazebo that creates the perfect space for entertaining friends or relaxing outdoors. The fully fenced yard features a privacy fence surrounding the entire property along with a new entry gate to the driveway, providing both security and seclusion.

Whether you're looking for a primary residence that puts you in the center of Austin's culture or a property with proven short-term rental potential, this home delivers an unbeatable combination of location, updates, and the laid-back urban lifestyle that makes East Austin so desirable.

At $611/sqft, this home is priced 56% 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

2503 Gonzales St, Austin, TX 78702

Property Details

Price $495,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 810 sqft
Lot Size 0.12 acres (5,340.46 sqft)
Year Built 1940
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Simms Paul O
County Travis
Zip Code 78702
$/sqft $611/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,806.47
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235997262
List Date June 11, 2026
Elementary School Brooke
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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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 11, 2026 $525,000
Previous ask $500,000
Current ask $495,000
Reduced $30,000 (-5.7%) 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
1176 Graham St
Keystone Add
$495,000 $625 2 bd / 1 ba 792 sqft , 2026-03-30
2505 E 11th St #2
2505 E 11th Street Condos
$485,000 $541 2 bd / 3 ba 896 sqft , 2026-07-30
2017 E 8th St
Morse Fred C
$509,900 $531 3 bd / 2 ba 960 sqft , 2026-07-09
2235 E 6th St #216
Este Condo
$479,999 $479 1 bd / 2 ba 1,003 sqft , 2026-05-10
2604 Sol Wilson Ave
Division B
$519,500 $698 2 bd / 1 ba 744 sqft , 2026-08-05

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
$2,376/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
$99,000
20% conventional investment loan

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

Estimated Gross Rent+$2,376
Principal + Interest−$2,701
Property Tax (~2.1% TX avg)−$866
Insurance (~0.5%)−$206
Est. Monthly Cash Flow $-1,397

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 13, 2026.

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