About This Home

Location! Location! Location! This exceptional site offers an incredible opportunity to develop in desirable Highland Park neighborhood. This unbeatable location offers .3594 of an Acre per TCAD, which is an unbelievable opportunity to build on such an oversized lot, thus this lot offers many possibilities for development. Value in land, property considered a tear down. A great opportunity to build your dream house on a prime location. You will be delighted by the level lot with majestic mature Pecan trees throughout the property. In addition, it offers quick access to MOPAC and 183, walking distance to The Grove 16 -acre Signature Park, minutes from numerous bars and restaurants, plus upcoming restaurants at The Grove. The perfect site for the perfect future.

At $493/sqft, this home is priced 26% 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

2901 W 45th St, Austin, TX 78731

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Property Details

Price $625,000

Status Active Listing

Beds 2

Full Baths 1

Half Baths ,

Living Area 1,269 sqft

Lot Size 0.36 acres (15,655.46 sqft)

Year Built 1950

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Highland Park

County Travis

Zip Code 78731

$/sqft $493/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $11,820.49

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT120021742

List Date November 6, 2023

Elementary School Highland Park

Middle School Lamar (Austin ISD)

High School McCallum

School District ,

Have Questions About This Property?

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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

4814 Woodview Ave
Rosedale Estates $649,500 $520 3 bd / 1 ba 1,248 sqft , 2026-07-15

4914 Woodrow Ave
Ep Austin Properties Sub $599,000 $627 3 bd / 1 ba 956 sqft , 2026-03-20

3201 Pecos St #1
Scenic Place Condo Amd $665,000 $470 3 bd / 2 ba 1,415 sqft , 2026-03-13

4907 W Market Dr
Highland Village Sec 02 Pt 03 $580,000 $454 3 bd / 1 ba 1,278 sqft , 2026-06-22

4514 Highland Ter
Highland Park $559,000 $364 3 bd / 1 ba 1,536 sqft , 2026-05-01

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

$3,000/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

$125,000

20% conventional investment loan

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

Estimated Gross Rent+$3,000

Principal + Interest−$3,411

Property Tax (~2.1% TX avg)−$1,094

Insurance (~0.5%)−$260

Est. Monthly Cash Flow $-1,765

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 July 21, 2026.

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

2901 W 45th St

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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