About This Home

This is an estate sale and is offered AS-IS, WHERE-IS, WITH ALL FAULTS. - Please exercise caution at the property. The court-appointed Receiver, Travis County Court, and the real estate broker/agent have not inspected or investigated the property for defects or faults, or for hazardous conditions in or about the property. - Contact the listing agent for offer instructions.

At $465/sqft, this home is priced 19% 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 Walter St, Austin, TX 78702

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Property Details

Price $395,000

Status Active Listing

Beds 2

Full Baths 1

Half Baths ,

Living Area 850 sqft

Lot Size 0.19 acres (8,254.62 sqft)

Year Built 1973

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Fowler Terrace

County Travis

Zip Code 78702

$/sqft $465/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $12,727.19

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT249883026

List Date October 16, 2026

Elementary School Govalle

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

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

3101 Govalle Ave #113
HOM CONDOMINIUMS $399,900 $349 2 bd / 2 ba 1,146 sqft , 2026-08-21

2235 E 6th St #204
ESTE; Condominium $399,999 $426 1 bd / 1 ba 940 sqft , 2026-03-23

2900 Webberville Rd
Lorraine Heights $399,999 $370 3 bd / 1 ba 1,080 sqft , 2026-10-08

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

$1,896/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

$79,000

20% conventional investment loan

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

Estimated Gross Rent+$1,896

Principal + Interest−$2,156

Property Tax (~2.1% TX avg)−$691

Insurance (~0.5%)−$165

Est. Monthly Cash Flow $-1,116

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 October 17, 2026.

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

2503 Walter St

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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