Active Listing  ·  139 days on market

3506 Pennsylvania Ave #1

Austin, TX 78721
$675,000
5 Bed 4 Bath 2,153 sqft $314/sqft Built 2021 0.20 acres 1-Car Garage Pool Huston Sam Heights

Welcome to vibrant East Austin, where convenience meets charm in the heart of one of the city’s most coveted neighborhoods with a low tax rate of 1.8%. The home includes a detached 1 BR, 1 BA guest house—ideal for use as an office, creative studio, or even a short-term rental for added income. Located just minutes from all things in downtown Austin and in the heart of East Austin which is thriving. A quick proximity to all the best retail shopping, a Whole Foods and Target as well as tons of new options for nightlife, daytime events, bars, breweries and restaurants. Just minutes away from Southwest Greenway in the highly sought after Mueller Tower District with trails, gardens, parks and a nice escape to nature in the midst of the city. Also, just minutes to the Morris Williams Golf Course where you can Enjoy views of the Austin skyline as you play the recently renovated course or relax in a rocking chair on the porch overlooking the entire course. Nestled on a street lined with new, stunning homes, this residence offers both modern elegance and a welcoming atmosphere. This home has 4 BR, 3 BA, complemented by a versatile bonus room perfect for a home office, gym, playroom, or additional living space. The expansive open floor plan invites you to entertain and relax with ease, featuring a seamless flow between the living, dining, and kitchen areas. With a 1-car garage, a generous backyard with ample space for a cowboy pool, and a location that’s just 12 minutes from the airport. Embrace the best of East Austin living in a home that combines contemporary comfort with unparalleled convenience.

At $314/sqft, this home is 20% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3506 Pennsylvania Ave #1, Austin, TX 78721

Property Details

Price $675,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 2,153 sqft
Lot Size 0.20 acres (8,799.12 sqft)
Year Built 2021
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Huston Sam Heights
County Travis
Zip Code 78721
$/sqft $314/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $16,131.13
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223023604
List Date March 18, 2026
Elementary School Sims
Middle School Garcia
High School Northeast Early College
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.

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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 · March 18, 2026 $719,000
Previous ask $699,000
Current ask $675,000
Reduced $44,000 (-6.1%) 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
4608 Frontier Trl
Western Trails Sec 01
$675,000 $322 4 bd / 2 ba 2,094 sqft , 2025-11-03
3000 Neal St
Villa Govalle
$675,000 $324 4 bd / 4 ba 2,083 sqft , 2026-03-24
7702 Wynne Ln
Brownleaf Estates
$675,000 $374 4 bd / 2 ba 1,803 sqft , 2026-02-18
212 Great Circle Cv
Highland Horizon Ph 01
$675,000 $249 4 bd / 3 ba 2,713 sqft , 2025-12-21
4110 Paseo Dr
Shady Hollow Sec 03-A Ph 03
$675,000 $256 4 bd / 2 ba 2,636 sqft , 2026-05-07

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
$3,240/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
$135,000
20% conventional investment loan

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

Estimated Gross Rent+$3,240
Principal + Interest−$3,684
Property Tax (~2.1% TX avg)−$1,181
Insurance (~0.5%)−$281
Est. Monthly Cash Flow $-1,906

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

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