About This Home

Backyard Oasis!!! Come home and relax in the backyard that has it all. Cowboy pool, chicken coop, fire pit, covered patio, and a shop with AC! Newly remodeled bathroom in 2025 and new fridge, stove, and microwave in 2026. Central location and easy access to the airport, Mueller, downtown, etc.

At $326/sqft, this home is 17% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3406 E Martin Luther King Jr Blvd, Austin, TX 78721

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Property Details

Price $475,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,459 sqft

Lot Size 0.19 acres (8,097.8 sqft)

Year Built 1942

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Manor Road Add

County Travis

Zip Code 78721

$/sqft $326/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $10,106.75

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT238381642

List Date July 8, 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 · July 8, 2026 $525,000

Previous ask $499,000

Current ask $475,000

▼ Reduced $50,000 (-9.5%) 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

3203 E 18th St
McKinley Heights 03 $475,000 $244 3 bd / 2 ba 1,950 sqft , 2026-05-14

2827 Manor Rd #2202
Roseville/Manor Condos Bldg 2 $475,000 $269 3 bd / 3 ba 1,768 sqft , 2026-07-24

1709 Perez St #2
1709 Perez Condos $479,000 $438 2 bd / 3 ba 1,093 sqft , 2026-06-03

1202 Greenwood Ave
1200 Greenwood Ave Condos $470,000 $468 2 bd / 3 ba 1,004 sqft , 2026-10-05

1130 Spur St #A
Pecan Valley $484,900 $289 3 bd / 3 ba 1,675 sqft , 2026-10-03

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

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 September 3, 2026.

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

3406 E Martin Luther King Jr Blvd