Active Listing  ·  103 days on market

403 W Anderson Ave

Round Rock, TX 78664
$699,999
4 Bed 2 Bath 1,456 sqft $481/sqft Built 1994 0.28 acres Pool Round Rock City

Situated in the heart of historic downtown Round Rock, this premium mixed-use property offers exceptional flexibility with Commercial C-1 zoning, allowing for both residential and commercial use (Sec. 2-35 Permitted Uses in Commerical Districts) . Featuring a significant price reduction and a recently updated interior, this turnkey opportunity is ideal for investors or owner-users seeking immediate value in a high-demand location. This inviting 4-bedroom, 1.5-bath home is well arranged to support both comfortable living and a flexible office setting. The layout easily accommodates private workspaces or meeting areas while maintaining a warm, residential feel, and includes ADA-accessible features for added convenience and usability. A welcoming main living area flows into a functional kitchen with adjoining dining or flex space, creating a seamless environment for both daily living and professional needs. The property includes three dedicated parking spaces, along with additional driveway parking for two or more vehicles and convenient street parking—an exceptional advantage in the downtown area. The beautifully shaded lot is enhanced by five mature oak trees, offering a serene and inviting outdoor setting. Ideally located with easy access to Interstate 35, State Highway 45, and State Highway 79, and approximately 30 minutes from Austin and Austin-Bergstrom International Airport. Positioned within a walkable, revitalized district experiencing ongoing growth and city investment, this property presents a rare opportunity to own a versatile live/work space in one of Central Texas’s most desirable markets.

At $481/sqft, this home is priced 125% above the Round Rock active market average of $214/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

403 W Anderson Ave, Round Rock, TX 78664

Property Details

Price $699,999
Status Active Listing
Beds 4
Full Baths 1
Half Baths 1
Living Area 1,456 sqft
Lot Size 0.28 acres (12,371.04 sqft)
Year Built 1994
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Round Rock City
County Williamson
Zip Code 78664
$/sqft $481/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $16,120.52
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223995033
List Date May 12, 2026
Elementary School Claude Berkman
Middle School CD Fulkes
High School Cedar Ridge
School District ,

Luke Allen (TREC #788149) has deep knowledge of Round Rock 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 Round Rock

Comparable Listings Right Now

Homes currently for sale in Round Rock 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
606 E Liberty Ave
Round Rock City
$560,000 $335 3 bd / 2 ba 1,673 sqft , 2026-06-12
281 Pullman Ct
Depot Townhomes
$549,000 $287 3 bd / 3 ba 1,916 sqft , 2025-03-12
277 Pullman Ct
Depot Townhomes
$519,000 $271 3 bd / 3 ba 1,918 sqft , 2025-11-05
909 E Liberty Ave
Nelson Add
$469,000 $359 3 bd / 1 ba 1,308 sqft , 2026-08-16

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
$3,360/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
$140,000
20% conventional investment loan

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

Estimated Gross Rent+$3,360
Principal + Interest−$3,820
Property Tax (~2.1% TX avg)−$1,225
Insurance (~0.5%)−$292
Est. Monthly Cash Flow $-1,977

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 Round Rock, TX

Round Rock sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Dell Technologies HQ 5 min
Apple Campus (Domain) 15 min S
Samsung Austin Semiconductor 20 min SW
Tesla Gigafactory 35 min S

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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 June 25, 2026.

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