Active Listing  ·  23 days on market

322 McClendon Dr

Elgin, TX 78621
$209,000
4 Bed 2 Bath 1,469 sqft $142/sqft Built 1978 0.26 acres 2-Car Garage Pool Elgin Meadows

Fantastic opportunity to own in the growing community of Elgin at a spectacular price. This home is centrally located near major employers and upscale shopping including the Samsung Taylor Semiconductor plant (approx. 30 mins), Tesla Giga Texas (approx. 35 min), and The Domain (approx. 35 mins) just to name a few. In addition to its prime location, the home features numerous updates throughout. Upgrades include a remodeled kitchen, updated flooring, new windows, new gutters, an updated electrical panel and fresh paint. Please note that the list price reflects a known foundation issue. This is an incredible opportunity for buyers, investors, or flippers. Schedule your showing today!

At $142/sqft, this home is 38% below the Elgin active market average of $228/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

322 McClendon Dr, Elgin, TX 78621

Property Details

Price $209,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,469 sqft
Lot Size 0.26 acres (11,334.31 sqft)
Year Built 1978
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Elgin Meadows
County Bastrop
Zip Code 78621
$/sqft $142/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,778.7
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250066518
List Date October 20, 2026
Elementary School Neidig
Middle School Elgin
High School Elgin
School District Elgin ISD

Elgin ISD

Neidig · Elgin · Elgin

Luke Allen (TREC #788149) has deep knowledge of Elgin 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 Elgin

Comparable Listings Right Now

Homes currently for sale in Elgin 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
207 Wilderness Trl
Shenandoah Sub Ph T
$204,900 $142 3 bd / 2 ba 1,445 sqft , 2026-10-23
108 Irene St
Dannelley
$214,999 $152 3 bd / 2 ba 1,412 sqft , 2026-10-29
102 Stubblefield Dr
Elgin Meadows
$199,500 $121 3 bd / 2 ba 1,647 sqft , 2026-01-26
116 Blue Ridge Trl
Shenandoah Ph 01
$219,000 $169 3 bd / 2 ba 1,296 sqft , 2026-05-08
224 Winnowing Ln
Harvest Ridge
$192,960 $167 3 bd / 3 ba 1,153 sqft , 2026-09-22

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
$1,003/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
$41,800
20% conventional investment loan

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

Estimated Gross Rent+$1,003
Principal + Interest−$1,141
Property Tax (assumed ~2.1%)−$366
Insurance (assumed ~0.5%)−$87
Est. Monthly Cash Flow $-591

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 Elgin, TX

Elgin 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 · 41 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. The written content was last updated on November 12, 2026.

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

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