Active Listing  ·  25 days on market

2702 E 22nd St

Austin, TX 78722
$649,000
2 Bed 1 Bath 1,318 sqft $492/sqft Built 1935 0.23 acres Pool Austin Heights

Rare opportunity in the heart of Rosewood, steps from the shops, bars, and restaurants on Manor Road and just minutes to Mueller, UT, and downtown — this nearly quarter-acre offering multiple income possibilities in one of East Austin's most walkable pockets. The front house is a lovingly maintained 2 bed, 1 bath bungalow full of original character: hardwood floors, a charming front porch, wood-planked ceilings, and a brick chimney column that anchors the living space with warmth you can't replicate in new construction. Natural light pours through every room, and the kitchen is a blank canvas ready for a buyer's personal touch. Out back, a stone patio and low-maintenance landscaping create an easy, private outdoor space, while the existing garage apartment — currently generating income, though in need of updating — adds even more value and flexibility. The lot offers alley access and room for up to two more homes, making this a builder's or investor's dream, and equally suited to multi-generational living with separate structures already in place. Competitively priced and ready for its next chapter, this is a rare chance to secure land, income, and character all in one Rosewood address.

At $492/sqft, this home is priced 25% 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

2702 E 22nd St, Austin, TX 78722

Property Details

Price $649,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 1,318 sqft
Lot Size 0.23 acres (9,979.6 sqft)
Year Built 1935
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Austin Heights
County Travis
Zip Code 78722
$/sqft $492/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,752.76
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244802426
List Date August 28, 2026
Elementary School Campbell
Middle School Kealing
High School McCallum
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
1704 E 13th St #B
1704 E 13th Street Site Condos
$639,900 $428 3 bd / 2 ba 1,495 sqft , 2026-06-12
3820 Hermalinda St
Mueller Sec 05
$675,000 $539 3 bd / 2 ba 1,252 sqft , 2026-09-12
3333 E 12th St
Breedlove Add
$619,995 $369 3 bd / 3 ba 1,681 sqft , 2026-07-30
1011 E 38th 1/2 St
Plainview Heights
$615,000 $434 3 bd / 2 ba 1,418 sqft , 2026-08-06
1158 Ridgeway Dr #A
1158 Ridgeway Condo
$695,000 $403 3 bd / 3 ba 1,724 sqft , 2026-08-13

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
$3,115/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
$129,800
20% conventional investment loan

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

Estimated Gross Rent+$3,115
Principal + Interest−$3,542
Property Tax (~2.1% TX avg)−$1,136
Insurance (~0.5%)−$270
Est. Monthly Cash Flow $-1,833

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 September 21, 2026.

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