Active Listing  ·  132 days on market

3203 E 18th St

Austin, TX 78721
$475,000
3 Bed 2 Bath 1,950 sqft $244/sqft Built 1930 0.13 acres Pool McKinley Heights 03

*Ask about the 5.75% interest rate incentive with an acceptable offer!* East Austin craftsman at 3203 E 18th St in MLK / 78721 (McKinley Heights) 3 bed, 2 bath, 1,950 sqft on a 5,749 sqft lot, built 1930. Open layout with refinished hardwoods; entertainer’s kitchen with granite, gas cooktop, double wall ovens, stainless appliances, beverage fridge, and peninsula seating open to living and dining. Main-floor primary with walk-in closet, soaking tub, and double-vanity bath; second full bath with double vanity. Private yard, porch, and 2-car driveway. No HOA. Roof replaced 2023. Minutes to Mueller, the East Austin restaurant corridor, UT, and Downtown, strong for owner-occupants and investors seeking updated single-family near eastside demand. Ask about the 5.75% interest rate incentive with an acceptable offer.

At $244/sqft, this home is 38% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3203 E 18th St, Austin, TX 78721

Property Details

Price $475,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,950 sqft
Lot Size 0.13 acres (5,749.92 sqft)
Year Built 1930
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision McKinley Heights 03
County Travis
Zip Code 78721
$/sqft $244/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,614.06
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220807072
List Date May 14, 2026
Elementary School Norman-Sims
Middle School Kealing
High School Northeast 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.

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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 · May 14, 2026 $610,000
Previous ask $499,950
Current ask $475,000
Reduced $135,000 (-22.1%) 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
1931 E 38th 1/2 St #33
AVION PARK CONDOMINIUMS
$475,000 $350 2 bd / 3 ba 1,359 sqft , 2025-12-08
3600 Jetson Way #4
George
$475,000 $279 2 bd / 3 ba 1,700 sqft , 2026-04-10
3406 E Martin Luther King Jr Blvd
Manor Road Add
$475,000 $326 3 bd / 2 ba 1,459 sqft , 2026-07-08
1609 Deloney St #B
Chernosky 10
$475,000 $366 2 bd / 3 ba 1,298 sqft , 2026-08-15
1705B Perez St
Chernosky 10
$465,000 $297 3 bd / 3 ba 1,568 sqft , 2026-07-09

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
$2,280/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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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 19, 2026.

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