About This Home

This is the ideal property for your investor/developer clients! .337 acres with 120+ linear feet of frontage & zoned SF-3 this home site is a perfect redevelopment opportunity. City of Austin’s HOME Initiative-approved code changes, the property supports “small lot single-family residential use,” allowing for development on lots as small as 1,800 sq ft— perfect for maximizing the potential of this site. Subdivide into two lots or explore innovative configurations to align with this forward-thinking initiative. The lot immediately across the street was purchased by the City of Austin Parks Department in May of 2024. Buyer to verify all claims.

At $332/sqft, this home is 15% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2713 Sweeney Ln, Austin, TX 78723

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Property Details

Price $435,000

Status Active Listing

Beds 2

Full Baths 1

Half Baths ,

Living Area 1,312 sqft

Lot Size 0.34 acres (14,697.14 sqft)

Year Built 2005

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Royal Oak Estates Sec 05

County Travis

Zip Code 78723

$/sqft $332/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $9,999.66

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT235701263

List Date June 10, 2026

Elementary School Blanton

Middle School Pearce Middle

High School Northeast Early College

School District ,

Have Questions About This Property?

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 10, 2026 $495,000

Previous ask $445,000

Current ask $435,000

▼ Reduced $60,000 (-12.1%) 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

3108 E 51st St #601
The Grove Condominiums $440,800 $288 2 bd / 3 ba 1,529 sqft , 2026-02-19

6409 Berkman Dr #6
Skyline on Berkman $449,900 $312 3 bd / 3 ba 1,441 sqft , 2026-06-25

5503 Basswood Ln
Preswyck Hills Sec 04 $420,000 $297 3 bd / 2 ba 1,415 sqft , 2026-05-16

5605 Overbrook Dr
Manor Hills Sec 03 $450,000 $329 3 bd / 2 ba 1,367 sqft , 2025-10-23

6409 Berkman Dr #9
SKYLINE ON BERKMAN $459,900 $319 3 bd / 3 ba 1,441 sqft , 2026-06-16

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

$2,088/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

$87,000

20% conventional investment loan

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

Estimated Gross Rent+$2,088

Principal + Interest−$2,374

Property Tax (~2.1% TX avg)−$761

Insurance (~0.5%)−$181

Est. Monthly Cash Flow $-1,228

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 August 16, 2026.

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

2713 Sweeney Ln