Active Listing  ·  23 days on market

403 Blackson Ave

Austin, TX 78752
$279,000
3 Bed 2 Bath 1,458 sqft $191/sqft Built 1945 0.17 acres Pool St Johns Home Add

Investor & Rehab Opportunity in North Central Austin! Located in the St. John’s neighborhood with convenient access to both I-35 and 183, this 0.1701-acre property is ready for someone with the vision and experience to take on a substantial renovation.

The property is being sold as-is and requires significant work throughout, making it an ideal opportunity for a seasoned investor, flipper, or rehabber looking for their next project. The front home offers 3 bedrooms and 1 bathroom, while a converted garage in the rear features open loft-style living, a full kitchen, and 1 bathroom—creating some interesting possibilities for the right buyer.

This is not a cosmetic fixer. Bring your contractor, your ideas, and your imagination. With two existing structures and a central Austin location close to major thoroughfares, the potential is here for someone ready to roll up their sleeves and bring this property back to life. Buyer to independently verify zoning, permitted use, improvements, and property condition.

At $191/sqft, this home is 51% 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

403 Blackson Ave, Austin, TX 78752

Property Details

Price $279,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,458 sqft
Lot Size 0.17 acres (7,409.56 sqft)
Year Built 1945
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision St Johns Home Add
County Travis
Zip Code 78752
$/sqft $191/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,815.17
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245052857
List Date August 31, 2026
Elementary School Brown
Middle School Webb
High School Navarro 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.

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
6901 Blessing Ave
Black A K 01
$275,000 $243 3 bd / 2 ba 1,131 sqft , 2026-07-28
935 La Posada Dr #158
Flats 935 Condos Bldg 5
$259,000 $251 2 bd / 2 ba 1,030 sqft , 2026-08-17
503 Swanee Dr #19
Crestview Amd
$299,500 $195 2 bd / 3 ba 1,538 sqft , 2026-08-30
935 La Posada Dr #212
La Costa
$299,900 $286 2 bd / 2 ba 1,050 sqft , 2024-02-09
935 La Posada Dr #145
Flats/935 Condos Bldg 4
$300,000 $291 3 bd / 2 ba 1,030 sqft , 2026-02-03

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
$1,339/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
$55,800
20% conventional investment loan

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

Estimated Gross Rent+$1,339
Principal + Interest−$1,523
Property Tax (~2.1% TX avg)−$488
Insurance (~0.5%)−$116
Est. Monthly Cash Flow $-788

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 September 1, 2026.

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