Active Listing  ·  39 days on market

3014 Hemphill Park

Austin, TX 78705
$650,000
2 Bed 1 Bath 933 sqft $697/sqft Built 1931 0.14 acres 2-Car Garage Pool Aldridge Place

Welcome to Aldridge Place - an extraordinarily intact historic district in Central Austin featuring vintage street lamps, stone entry gates, and Hemphill Park. This 2 bed/1 bath 1930's cottage features original hardwood flooring and vintage hardware throughout. Just blocks from UT, El Patio and the best thrift store shopping in Austin - and Hemphill Park right out your front door. See the potential in the two car detached garage with additional square footage. Garage and main house are connected by a quaint courtyard area. Amazing location in the heart of Austin with an opportunity to make this bungalow your own. City living in a park-like setting!

At $697/sqft, this home is priced 78% 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

3014 Hemphill Park, Austin, TX 78705

Property Details

Price $650,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 933 sqft
Lot Size 0.14 acres (5,937.23 sqft)
Year Built 1931
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Aldridge Place
County Travis
Zip Code 78705
$/sqft $697/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,578
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237645103
List Date June 26, 2026
Elementary School Lee
Middle School Kealing
High School McCallum
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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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
9604 Thaxton Rd
Williams Sub
$650,000 $683 3 bd / 2 ba 952 sqft , 2026-02-13
84 East Ave #1503
VESPER Zoppp Add
$650,000 $671 2 bd / 2 ba 969 sqft , 2026-04-02
48 East Ave #2004
Natiivo
$650,000 $728 1 bd / 1 ba 893 sqft , 2025-10-03
1106 Arcadia Ave
West View Heights
$650,000 $630 2 bd / 2 ba 1,031 sqft , 2026-05-14
313 W 17th St #1202
Linden Condos
$650,000 $772 1 bd / 1 ba 842 sqft , 2026-06-05

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
$3,120/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
$130,000
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (~2.1% TX avg)−$1,138
Insurance (~0.5%)−$271
Est. Monthly Cash Flow $-1,836

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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