Active Listing  ·  6 days on market

2927 Norwood hill St

Austin, TX 78723
$536,000
3 Bed 2 Bath 1,308 sqft $410/sqft Built 1956 0.22 acres 2-Car Garage Pool Windsor

Note: Professional showings will officially begin on Saturday, October 24th. Feel free to review the listing details and media, and have your agent schedule your private tour starting next Saturday!

{ Tenant Lease expires in November }Don’t miss this incredible opportunity to own a beautifully remodeled home in one of Austin’s most convenient and desirable locations just 10 minutes to Downtown and 10 minutes to the airport! Property Highlights: • Fully renovated in 2024 • Gorgeous European-style kitchen cabinets with brand-new appliances • New flooring, new roof, New AC Unit 2026 , Foam Attic and updated finishes throughout • Spacious 3 bedrooms, 2 full bathrooms • Attached 2-car garage • Oversized lot with room to build a second home, guest house, or ADU Prime Location: • Easy access to I-35, 183, and major roads • Minutes to H-E-B, top shopping centers, dining, and entertainment • Located in a great school district • A short drive to Zilker Park, Lady Bird Lake, and the heart of East Austin Whether you’re a buyer looking for a move-in-ready gem or an investor with vision, this property checks every box style, location, and future potential. Schedule your showing today! CALL AGENT TO MAKE APPOINTMENT

At $410/sqft, this home is priced 5% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2927 Norwood hill St, Austin, TX 78723

Property Details

Price $536,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,308 sqft
Lot Size 0.22 acres (9,713.88 sqft)
Year Built 1956
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Windsor
County Travis
Zip Code 78723
$/sqft $410/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250057598
List Date October 17, 2026
Elementary School Oak Springs
Middle School Lively
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.

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
5607 Berkman Dr
Delwood 04 East Sec 02
$539,000 $404 3 bd / 2 ba 1,334 sqft , 2026-09-10
5304 Basswood Ln
Windsor Park Hills Sec 07
$529,000 $361 3 bd / 2 ba 1,464 sqft , 2026-07-24
1609 Larkwood Dr
Delwood 04 Sec B
$545,000 $446 3 bd / 1 ba 1,222 sqft , 2026-07-11
3308 Rockhurst Ln
Riverbend Sec 3C At University
$550,000 $340 4 bd / 2 ba 1,616 sqft , 2026-10-23
5001 Bundyhill Dr
Crest Hills Sec 02
$560,000 $356 3 bd / 2 ba 1,571 sqft , 2026-08-19

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
$2,573/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
$107,200
20% conventional investment loan

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

Estimated Gross Rent+$2,573
Principal + Interest−$2,925
Property Tax (~2.1% TX avg)−$938
Insurance (~0.5%)−$223
Est. Monthly Cash Flow $-1,513

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 October 19, 2026.

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