Active Listing  ·  67 days on market

304 Tamworth Ave

Austin, TX 78745
$550,000
3 Bed 2 Bath 1,597 sqft $344/sqft Built 1968 0.18 acres Pool Greenwood Hills Sec 04

Welcome to 304 Tamworth Ave, a beautifully updated South Austin home offering the perfect blend of style, comfort, and versatility. Thoughtfully designed with bright, open living spaces, modern finishes, and abundant natural light, this home is ideal as a primary residence, second home, or investment opportunity.

In addition to the main home, the property features a 144-square-foot detached studio, providing flexible space that can be used as a home office, art studio, fitness room, creative workspace, or additional storage.

The inviting floor plan creates a seamless flow between the living, dining, and kitchen areas, making it perfect for entertaining or everyday living. Comfortable bedrooms provide a relaxing retreat, while the outdoor space offers plenty of room to unwind, host guests, or enjoy the Texas weather.

Ideally situated in the heart of South Austin, this home is approximately 10 minutes to South Congress (SoCo), 15 minutes to Downtown Austin and Lady Bird Lake, 15 minutes to Zilker Park and Barton Springs Pool, 20 minutes to Austin-Bergstrom International Airport, and just minutes from the St. Elmo District, The Yard, shopping, dining, coffee shops, and entertainment.

The property has been successfully operated as an Airbnb, making it an excellent opportunity for buyers seeking a home with a proven short-term rental history, subject to local regulations and buyer verification. For those interested, the home's furnishings are also available for purchase under a separate agreement, offering the potential for a seamless transition.

At $344/sqft, this home is 12% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

304 Tamworth Ave, Austin, TX 78745

Property Details

Price $550,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,597 sqft
Lot Size 0.18 acres (7,967.12 sqft)
Year Built 1968
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Greenwood Hills Sec 04
County Travis
Zip Code 78745
$/sqft $344/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,067.38
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242063084
List Date August 2, 2026
Elementary School Galindo
Middle School Bedichek
High School Travis
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 →

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 · August 2, 2026 $570,000
Current ask $550,000
▼ Reduced $20,000 (-3.5%) 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
411 W St Elmo Rd #24
Brookside Villas Condo Amd
$549,999 $308 3 bd / 3 ba 1,785 sqft , 2026-03-29
811 Glen Oak Dr
Emerald Forest Sec 02
$549,000 $414 3 bd / 2 ba 1,325 sqft , 2026-09-18
5109 Fort Mason Dr
Battle Bend Spgs Sec 03
$545,000 $308 3 bd / 2 ba 1,770 sqft , 2026-10-01
4614 Jinx Ave
Greenwood Forest Sec 02
$560,000 $284 3 bd / 2 ba 1,975 sqft , 2026-06-04
4617 Englewood Dr #2
Greenwood Forest
$535,000 $442 2 bd / 3 ba 1,210 sqft , 2026-08-04

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
$2,640/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
$110,000
20% conventional investment loan

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

Estimated Gross Rent+$2,640
Principal + Interest−$3,002
Property Tax (~2.1% TX avg)−$963
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,554

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 29, 2026.

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