About This Home

Huge lot in east Austin ready for future custom home project. Prime location with large trees. Home is sold as is and is an expected teardown.

At $633/sqft, this home is priced 61% 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

3009 E 18th 1/2 St, Austin, TX 78702

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Property Details

Price $395,000

Status Active Listing

Beds 3

Full Baths 1

Half Baths ,

Living Area 624 sqft

Lot Size 0.11 acres (4,948.42 sqft)

Year Built 1949

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision McKinley Heights 04

County Travis

Zip Code 78702

$/sqft $633/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $7,282.16

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT123239135

List Date July 5, 2024

Elementary School Campbell

Middle School Kealing

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

3705 Manorwood Rd
Manor Hill $379,999 $458 2 bd / 1 ba 829 sqft , 2026-06-12

1815 Singleton Ave
Glenwood Add $450,000 $666 2 bd / 1 ba 676 sqft , 2026-07-14

1139 1/2 Poquito St #3
Chernosky $335,000 $537 2 bd / 2 ba 624 sqft , 2026-01-08

1803 Perez St
Chernosky 10 $460,000 $597 2 bd / 1 ba 770 sqft , 2026-07-08

3108 E 13th St
McKinley Heights $329,000 $508 2 bd / 1 ba 648 sqft , 2026-06-02

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

$1,896/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

$79,000

20% conventional investment loan

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

Estimated Gross Rent+$1,896

Principal + Interest−$2,156

Property Tax (~2.1% TX avg)−$691

Insurance (~0.5%)−$165

Est. Monthly Cash Flow $-1,116

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 June 26, 2026.

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

3009 E 18th 1/2 St

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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