Active Listing  ·  67 days on market

3923 E 16th St #A

Austin, TX 78721
$705,000
3 Bed 3 Bath 1,639 sqft $430/sqft Built 2019 0.08 acres Pool Flournoy Hts Sec 3

Welcome to 3923 E. 16th St. Unit A, a thoughtfully designed East Austin home that blends modern style with everyday functionality in one of the city’s most sought-after neighborhoods. Filled with natural light, the open-concept main level features contemporary finishes, solid core doors, spacious living areas, and seamless flow for entertaining or everyday living. The well-appointed kitchen opens to the main living space and is complemented by a dedicated flex room just off the kitchen, offering the perfect setup for working from home or added flexibility. Enjoy multiple outdoor living spaces, including a large front deck, private upstairs balcony, and back patio area, all enhanced by a gated front entry that adds privacy and curb appeal. Energy-efficient solar panels provide added value and support lower utility costs. Ideally located just minutes from downtown Austin, Mueller, local coffee shops, restaurants, parks (including the newly renovated Givens Park Public Pool), and some of East Austin’s best dining and entertainment, this home offers modern living in an unbeatable 78721 location.

At $430/sqft, this home is priced 10% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3923 E 16th St #A, Austin, TX 78721

Property Details

Price $705,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,639 sqft
Lot Size 0.08 acres (3,271.36 sqft)
Year Built 2019
Garage ,
Stories ,
Type Residential · See Remarks
Subdivision Flournoy Hts Sec 3
County Travis
Zip Code 78721
$/sqft $430/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,200.44
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231728997
List Date May 29, 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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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
219 Honey Creek Ct #10
Honey Creek
$709,000 $390 3 bd / 3 ba 1,818 sqft , 2026-04-20
48 East Ave #1210
48 East Condos
$700,000 $551 2 bd / 2 ba 1,270 sqft , 2026-01-08
4416 Berkman Dr #B
Mueller House Condo Ame
$700,000 $431 3 bd / 2 ba 1,625 sqft , 2026-04-30
3203 Foster Ln
Allandale Park Sec 09
$710,000 $435 4 bd / 2 ba 1,634 sqft , 2026-04-03
2401 De Soto Dr
Austin Lake Estates Sec 02
$710,000 $393 4 bd / 3 ba 1,806 sqft , 2026-04-13

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
$3,384/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
$141,000
20% conventional investment loan

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

Estimated Gross Rent+$3,384
Principal + Interest−$3,847
Property Tax (~2.1% TX avg)−$1,234
Insurance (~0.5%)−$294
Est. Monthly Cash Flow $-1,991

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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