Active Listing  ·  6 days on market

2703 Princeton Dr

Austin, TX 78741
$499,000
3 Bed 2 Bath 1,250 sqft $399/sqft Built 1964 0.26 acres Pool Burleson Road Heights

Recently refreshed & renovated! Fantastic 3-bedroom, 2-bath rental in Southeast Austin, just minutes from Downtown. This well-maintained home has been updated with fresh improvements and is nestled on approximately 1/4 acre with mature trees and lush landscaping. The property offers privacy and outdoor space that is hard to find this close to the city.

Enjoy two wood decks, perfect for entertaining, relaxing, or taking in Austin sunsets, plus a powered workshop with flexible potential for hobbies, storage, a home office, or studio space.

Conveniently located near I-35, Hwy 71, and SH 130, with easy access to Downtown, Lady Bird Lake, East Austin, South Congress, restaurants, shopping, and recreation. The home is also conveniently positioned for commuting to major employers and destinations including Oracle, Tesla, and Austin-Bergstrom International Airport. Nearby parks and green spaces add to the appeal, while continued investment and planning in the East Riverside corridor are bringing additional attention and infrastructure planning to the area.

At $399/sqft, this home is priced 2% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2703 Princeton Dr, Austin, TX 78741

Property Details

Price $499,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,250 sqft
Lot Size 0.26 acres (11,194.92 sqft)
Year Built 1964
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Burleson Road Heights
County Travis
Zip Code 78741
$/sqft $399/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246911024
List Date September 17, 2026
Elementary School Linder
Middle School Lively
High School Travis
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
2507 Glen Springs Way
Greenbriar Sec 01
$474,900 $335 3 bd / 2 ba 1,416 sqft , 2026-08-05
2403 Little John Ln
Sherwood Oaks Sec 03
$560,000 $441 3 bd / 1 ba 1,269 sqft , 2026-07-07
1704 Alleghany Dr
Greenbriar Sec 01
$425,000 $284 3 bd / 2 ba 1,496 sqft , 2026-03-20
2612 Little John Ln
Sherwood Oaks Sec 03
$575,000 $434 3 bd / 2 ba 1,326 sqft , 2026-03-10
3103 Matador Dr
Santa Monica Park Sec 02
$419,900 $282 4 bd / 2 ba 1,490 sqft , 2026-06-05

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
$2,395/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
$99,800
20% conventional investment loan

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

Estimated Gross Rent+$2,395
Principal + Interest−$2,723
Property Tax (~2.1% TX avg)−$873
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,409

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 18, 2026.

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