Active Listing  ·  984 days on market

2817 Prado St

Austin, TX 78702
$525,000
4 Bed 2 Bath 1,332 sqft $394/sqft Built 1940 0.15 acres Pool Chernosky 12

**Prime East Austin Property – Investor & Developer Opportunity**Capitalize on this opportunity to acquire a habitable home on a prime lot, comparable in size to nearby lots supporting two new residential properties, in the heart of East Austin’s thriving market, now at a newly reduced price with potential seller financing available! Nestled in one of the city’s most desirable neighborhoods, this property is surrounded by vibrant culture, trendy eateries, and iconic music venues, making it ideal for high-value redevelopment or investment. With nearby lots fueling significant development and new homes rising, this property offers exceptional potential for investors and developers to reimagine or expand on its existing structure. Act fast to secure this high-potential asset at a competitive price with flexible financing options—don’t miss out on this dynamic market opportunity!

At $394/sqft, this home is priced in line with the Austin market average of $392/sqft across 4,588 active listings. View Austin market report →

Location

2817 Prado St, Austin, TX 78702

Property Details

Price $525,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,332 sqft
Lot Size 0.15 acres (6,747.44 sqft)
Year Built 1940
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Chernosky 12
County Travis
Zip Code 78702
$/sqft $394/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,900.66
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT120571773
List Date January 12, 2024
Elementary School Govalle
Middle School Martin
High School Eastside Early College
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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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 · January 12, 2024 $565,000
Previous ask $545,000
Current ask $525,000
Reduced $40,000 (-7.1%) 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
604 Springdale Rd
Pipkin Add 02
$525,000 $410 3 bd / 2 ba 1,282 sqft , 2026-04-07
3304 E 5th St #B
Villas At 05 & Allen Condo Ph
$549,000 $378 3 bd / 3 ba 1,454 sqft , 2026-08-09
1003 Glen Oaks Ct
Rosewood Village Sec 7 Resub O
$550,000 $473 3 bd / 2 ba 1,163 sqft , 2026-09-22
2103 E 12th St
Foster
$499,000 $358 4 bd / 3 ba 1,392 sqft , 2025-09-24
3211 Holton St #3211B
Villas At Holton Woods
$499,000 $342 3 bd / 3 ba 1,461 sqft , 2026-06-19

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
$2,520/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
$105,000
20% conventional investment loan

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

Estimated Gross Rent+$2,520
Principal + Interest−$2,865
Property Tax (~2.1% TX avg)−$919
Insurance (~0.5%)−$219
Est. Monthly Cash Flow $-1,483

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 17, 2026.

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