About This Home

Great location, this property is for investors only

At $496/sqft, this home is priced 27% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3311 Hollywood Ave, Austin, TX 78722

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Property Details

Price $425,000

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 856 sqft

Lot Size 0.12 acres (5,148.79 sqft)

Year Built 1939

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision University Park

County Travis

Zip Code 78722

$/sqft $496/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $8,492.32

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT218659302

List Date February 6, 2026

Elementary School Maplewood

Middle School Kealing

High School McCallum

School District ,

Have Questions About This Property?

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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 · February 6, 2026 $455,000

Current ask $425,000

▼ Reduced $30,000 (-6.6%) 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

1807 Ulit Ave #B
Ulit Condo $425,000 $471 2 bd / 2 ba 902 sqft , 2026-07-22

3309 Robinson Ave #A
3309 Robinson Condo $450,000 $446 2 bd / 1 ba 1,008 sqft , 2026-06-19

3309 Robinson Ave #B
Cherrywood $450,000 $446 2 bd / 1 ba 1,008 sqft , 2026-06-19

1815 Singleton Ave
Glenwood Add $450,000 $666 2 bd / 1 ba 676 sqft , 2026-07-14

1701 Simond Ave #302
Parkside/Mueller Condos $399,900 $495 1 bd / 1 ba 808 sqft , 2026-03-02

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

$2,040/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

$85,000

20% conventional investment loan

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

Estimated Gross Rent+$2,040

Principal + Interest−$2,319

Property Tax (~2.1% TX avg)−$744

Insurance (~0.5%)−$177

Est. Monthly Cash Flow $-1,200

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

About the Author

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 August 5, 2026.

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

3311 Hollywood Ave