Active Listing  ·  12 days on market

3307 Helms St

Austin, TX 78705
$499,000
2 Bed 1 Bath 848 sqft $588/sqft Built 1935 0.10 acres Pool 34th & Helms Condo

Charming 2-bedroom, 1-bath cottage in the heart of Austin's North University neighborhood, offering a rare opportunity for an owner-occupant or investor in one of Austin's most sought-after rental corridors. The home features original hardwood floors, spacious living and dining areas, solar panels, and updated plumbing, with the roof replaced in 2022. Outside, a low-maintenance yard with native landscaping keeps upkeep simple, and a large shed with washer/dryer hookups offers extra storage or workshop potential. Incredibly charming front porch and curb appeal. Washer, dryer, fridge convey. Set on a quiet, tree-lined street just blocks from Hyde Park's restaurants and coffee shops, the property offers easy access to UT Austin (less than 1 mile, a 12-minute walk), steps from local coffee shops, restaurants, and shopping, making it a strong long-term rental or home base in Central Austin. Pre-inspected and move-in ready as-is, with room to make it your own.

At $588/sqft, this home is priced 50% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3307 Helms St, Austin, TX 78705

Property Details

Price $499,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 848 sqft
Lot Size 0.10 acres (4,403.92 sqft)
Year Built 1935
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision 34th & Helms Condo
County Travis
Zip Code 78705
$/sqft $588/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,629.53
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246009884
List Date September 10, 2026
Elementary School Lee
Middle School Kealing
High School McCallum
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 · September 10, 2026 $535,000
Current ask $499,000
Reduced $36,000 (-6.7%) 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
3906 Becker Ave
Country Club Heights
$487,500 $517 2 bd / 1 ba 943 sqft , 2026-06-15
2500 Longview St #318
Cascade Condos
$485,000 $480 2 bd / 2 ba 1,010 sqft , 2026-06-03
4800 Evans Ave #A
Patterson Heights
$515,000 $455 2 bd / 1 ba 1,132 sqft , 2026-09-04
2500 Longview St #418
The Cascade Condominiums
$479,000 $474 2 bd / 2 ba 1,010 sqft , 2026-01-26
910 W 25th St #507
Galileo At 25 Condo
$460,000 $440 2 bd / 2 ba 1,045 sqft , 2026-05-02

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
$2,395/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
$99,800
20% conventional investment loan

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

Estimated Gross Rent+$2,395
Principal + Interest−$2,723
Property Tax (~2.1% TX avg)−$873
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,409

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 16, 2026.

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