Active Listing  ·  64 days on market

2656 Piping Rock Trl

Austin, TX 78748
$365,000
3 Bed 3 Bath 1,284 sqft $284/sqft Built 1985 0.17 acres 2-Car Garage Pool Tanglewood Forest Sec 02 Ph C

Charming 3 bed, 2.5 bath home in South Austin with direct access to Tanglewood Park through a private backyard gate. The primary suite is conveniently located on the main floor, with two additional bedrooms and a full bath upstairs. Open living and dining areas create a comfortable layout, while the kitchen offers plenty of cabinet space. Enjoy a spacious backyard and extra storage in the two-car garage.

Fantastic location just minutes from the popular Manchaca entertainment district, local restaurants, bars, breweries, H-E-B, Southpark Meadows, and major highways, offering easy access to everything South Austin has to offer.

At $284/sqft, this home is 27% 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

2656 Piping Rock Trl, Austin, TX 78748

Property Details

Price $365,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,284 sqft
Lot Size 0.17 acres (7,261.45 sqft)
Year Built 1985
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Tanglewood Forest Sec 02 Ph C
County Travis
Zip Code 78748
$/sqft $284/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,426
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232173801
List Date June 1, 2026
Elementary School Kocurek
Middle School Bailey
High School Akins
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 →

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
5904 Rotunda Vw
Goodnight Ranch
$365,000 $218 3 bd / 3 ba 1,672 sqft , 2025-11-19
10001 Woodglen Dr
Windsor Hills Sec 05
$365,000 $218 3 bd / 2 ba 1,677 sqft , 2026-04-12
6705 Covered Bridge Dr #24
Gardens At Covered Bridge Condo
$365,000 $244 2 bd / 2 ba 1,497 sqft , 2026-04-01
8200 Neely Dr #229
Neelys Canyon Condo Amd
$365,000 $303 2 bd / 2 ba 1,203 sqft , 2025-08-01
2529 Rio Grande St #56
Orange Tree Condominium
$365,000 $403 2 bd / 1 ba 906 sqft , 2026-03-15

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
$1,752/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
$73,000
20% conventional investment loan

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

Estimated Gross Rent+$1,752
Principal + Interest−$1,992
Property Tax (~2.1% TX avg)−$639
Insurance (~0.5%)−$152
Est. Monthly Cash Flow $-1,031

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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