About This Home

HUGE (near) 1/2 Acre Lot in 78704! Beautiful, well maintained home in the heart of the City! -OR- Development Opportunity (near) Lamar/Menchaca! Once in a lifetime opportunity to acquire PRIME REAL ESTATE in Central Austin 78704. Endless possibilities! Flexible Commercial/Residential Zoning. PRIME LOCATION for future development. Enjoy as a primary home, office or rental. Large spacious lot with garden and workshop/storage. Property is adjacent to a small quiet creek. Motivated Seller, Ready to Relocate!

At $627/sqft, this home is priced 60% 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

3205 Menchaca Rd, Austin, TX 78704

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Property Details

Price $799,999

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 1,276 sqft

Lot Size 0.45 acres (19,776.24 sqft)

Year Built 1946

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Foster A R

County Travis

Zip Code 78704

$/sqft $627/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $10,480.26

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT217199249

List Date January 22, 2026

Elementary School Zilker

Middle School O Henry

High School Austin

School District ,

Have Questions About This Property?

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

4907 Harmon Ave
Ridgetop $799,999 $758 3 bd / 1 ba 1,055 sqft , 2024-07-02

48 East Ave #1711
48 East Condos $799,999 $772 2 bd / 2 ba 1,036 sqft , 2026-03-09

1806 Fortview Rd
Low Theodore Heights $799,999 $580 3 bd / 2 ba 1,380 sqft , 2026-07-06

2226 Westlake Dr #1-3
Las Colinas At Lake Austin Con $799,000 $492 3 bd / 2 ba 1,623 sqft , 2025-08-07

3501 Pecan Springs Rd
Marlo Heights Sec 01 $799,000 $669 2 bd / 1 ba 1,194 sqft , 2025-09-10

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

$3,840/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

$160,000

20% conventional investment loan

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

Estimated Gross Rent+$3,840

Principal + Interest−$4,366

Property Tax (~2.1% TX avg)−$1,400

Insurance (~0.5%)−$333

Est. Monthly Cash Flow $-2,259

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

3205 Menchaca Rd

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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