Active Listing  ·  19 days on market

402 Philco Dr

Austin, TX 78745
$449,000
3 Bed 1 Bath 1,212 sqft $370/sqft Built 1959 0.22 acres 1-Car Garage Pool Alamo Heights Sec 02

Charming 3-bedroom, 1-bath home filled with original character and situated on just under a quarter-acre lot zoned SF-3. Original hardwood floors run throughout the home, while the bathroom showcases vintage green tile that adds a fun, authentic touch of mid-century charm. Enjoy outdoor living from the large covered front porch or the spacious back deck overlooking the generous backyard. A covered carport includes an additional storage closet, and the storage barn in the backyard conveys with the property. With its original details, great outdoor spaces, generous lot, and SF-3 zoning, this home offers plenty of charm along with room to make it your own.

At $370/sqft, this home is 6% 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

402 Philco Dr, Austin, TX 78745

Property Details

Price $449,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,212 sqft
Lot Size 0.22 acres (9,478.66 sqft)
Year Built 1959
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Alamo Heights Sec 02
County Travis
Zip Code 78745
$/sqft $370/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,812.02
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242307274
List Date August 5, 2026
Elementary School St Elmo
Middle School Bedichek
High School Crockett
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
4025 Valley View Rd #2
Hancock Estates
$449,000 $412 2 bd / 2 ba 1,091 sqft , 2026-03-18
806 Philco Dr #2
Greenwood Forest Sec 01
$449,900 $392 3 bd / 3 ba 1,149 sqft , 2026-06-06
902 Emerald Wood Dr
Emerald Forest Sec 03
$450,000 $290 3 bd / 2 ba 1,551 sqft , 2026-04-18
5803 Eureka Dr
Oasis Village Sec 03
$450,000 $355 3 bd / 2 ba 1,269 sqft , 2026-07-03
4315 S Congress Ave #332
Congress Lofts Condominiums
$450,000 $427 2 bd / 2 ba 1,055 sqft , 2026-08-19

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
$2,155/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
$89,800
20% conventional investment loan

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

Estimated Gross Rent+$2,155
Principal + Interest−$2,450
Property Tax (~2.1% TX avg)−$786
Insurance (~0.5%)−$187
Est. Monthly Cash Flow $-1,268

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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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
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 21, 2026.

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