Active Listing  ·  48 days on market

306 W Stassney Ln #1&2

Austin, TX 78745
$975,000
3 Bed 2 Bath 1,604 sqft $608/sqft Built 1946 0.44 acres Pleasant Hill Add

306 W Stassney Lane is a unique opportunity w/ current residential tenants in place to cover costs while commercial or residential development is explored. For example, recent State changes under SB840 allows up to 54 units per acre and reduces compatibility setbacks, call COA for info. The property totals .44 acres with two separate updated residential buildings (2022) that could easily be converted to offices, additional fencing and landscaping completed after photos, multiple storage buildings on property. Ample parking in the front with green areas in the back that could be converted for additional parking or new dwelling, Stassney frontage allows for great visibility w/ 13,000 cars passing per day. GO-MU-NP zoning, suited for a wide range of professional uses including medical, wellness, creative studios, professional offices, or live/work concepts.

At $608/sqft, this home is priced 55% 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

306 W Stassney Ln #1&2, Austin, TX 78745

Property Details

Price $975,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,604 sqft
Lot Size 0.44 acres (19,262.23 sqft)
Year Built 1946
Garage ,
Stories ,
Type Residential · See Remarks
Subdivision Pleasant Hill Add
County Travis
Zip Code 78745
$/sqft $608/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,335.05
Pool ,
Waterfront ,
New Construction ,
MLS # ACT236632878
List Date June 17, 2026
Elementary School Pleasant Hill
Middle School Bedichek
High School Crockett
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
3019 Garwood St #2
G M Brass Amd
$975,000 $492 3 bd / 3 ba 1,982 sqft , 2026-02-24
501 E 50th St
Hyde Park
$975,000 $481 3 bd / 3 ba 2,028 sqft , 2026-06-01
84 East Ave #3106
Rainey District
$969,000 $792 2 bd / 2 ba 1,224 sqft , 2026-07-30
1811 W 39th St #A/B
Ridgelea
$965,000 $472 4 bd / 3 ba 2,044 sqft , 2026-07-15
900 S 2nd St #20
Bouldin Court Condos
$985,000 $597 3 bd / 3 ba 1,650 sqft , 2026-03-17

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
$4,680/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
$195,000
20% conventional investment loan

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

Estimated Gross Rent+$4,680
Principal + Interest−$5,321
Property Tax (~2.1% TX avg)−$1,706
Insurance (~0.5%)−$406
Est. Monthly Cash Flow $-2,753

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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