Active Listing  ·  252 days on market

40 Waller St

Austin, TX 78702
$1,200,000
4 Bed 2 Bath 1,452 sqft $826/sqft Built 1920 0.17 acres Pool Lambies R C Resub Voss

Prime Investment Opportunity in Downtown Austin!

Discover exceptional value at 40 Waller St Austin TX, ideally located in the heart of Austin’s vibrant urban core. This property offers a rare chance to secure real estate in one of the city’s fastest-growing and most desirable districts. Surrounded by major employers, top restaurants, entertainment, and the serene Lady Bird Lake hike-and-bike trail, this location attracts strong demand from both residents and short-term/long-term renters.

Featuring a highly walkable setting, easy access to transit, and close proximity to East Austin’s thriving tech and creative corridors, 40 Waller St. Austin stands out as a versatile investment with outstanding upside potential. Whether you’re seeking a steady income-producing asset or a strategic hold in a premier growth market, this property delivers the ideal combination of location, convenience, and long-term value.

Don’t miss this unique opportunity to expand your portfolio with a property positioned for sustained appreciation in Downtown Austin.

At $826/sqft, this home is priced 111% 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

40 Waller St, Austin, TX 78702

Property Details

Price $1,200,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,452 sqft
Lot Size 0.17 acres (7,501.03 sqft)
Year Built 1920
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Lambies R C Resub Voss
County Travis
Zip Code 78702
$/sqft $826/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $14,778.59
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT211692943
List Date November 25, 2025
Elementary School Sanchez
Middle School Martin
High School Austin
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 →

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
3309 Goodwin Ave #A
Division A
$1,200,000 $643 3 bd / 3 ba 1,865 sqft , 2026-03-13
3309 Goodwin Ave #B
Division A
$1,200,000 $643 3 bd / 3 ba 1,865 sqft , 2026-03-13
2209 S 1st St #403
Bouldin
$1,199,000 $741 3 bd / 3 ba 1,619 sqft , 2026-04-16
904 Josephine St
Okie Heights
$1,199,000 $735 3 bd / 2 ba 1,632 sqft , 2026-03-12
2005 Sharon Ln
Ward & Treadwell
$1,195,000 $715 4 bd / 1 ba 1,672 sqft , 2026-05-09

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
$5,760/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
$240,000
20% conventional investment loan

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

Estimated Gross Rent+$5,760
Principal + Interest−$6,549
Property Tax (~2.1% TX avg)−$2,100
Insurance (~0.5%)−$500
Est. Monthly Cash Flow $-3,389

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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