About This Home

Rare corner lot gem in Downtown Round Rock! Walk to your favorite bars, library, RR Donuts, shops, and Veterans Park from this stunning 2BR/2BA home. Renovated in 2018 and with a new roof in 2024, this property blends historic soul with modern elegance.

Zoned MU-2, it's the ultimate "choose your own adventure" property: stylish primary residence, a proven Airbnb, or a professional office. 1328 sqft of pure potential with no HOA. Don't miss this treasure!

Buyer to verify all information.

At $267/sqft, this home is priced 25% 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

410 E Milam Ave, Round Rock, TX 78664

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Property Details

Price $355,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 1,328 sqft

Lot Size 0.11 acres (4,791.6 sqft)

Year Built 1925

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Washington Anderson Add

County Williamson

Zip Code 78664

$/sqft $267/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $5,396.57

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT221215636

List Date March 4, 2026

Elementary School Claude Berkman

Middle School CD Fulkes

High School Stony Point

School District ,

Have Questions About This Property?

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.

Schedule a Call →

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

704 E Austin Ave
Starkfield $350,000 $394 2 bd / 1 ba 888 sqft , 2026-08-06

607 Garden Path Cv
Greenslopes At Lakecreek Sec 05A $349,000 $314 3 bd / 2 ba 1,112 sqft , 2026-06-09

1422 Green Terrace Dr
Greenslopes At Lakecreek Sec 10A $334,000 $206 3 bd / 3 ba 1,624 sqft , 2026-05-22

1107 Long Meadow Dr
Mesa Park Sec 2 $325,000 $281 3 bd / 2 ba 1,158 sqft , 2026-03-07

1512 W Mesa Park Dr
Mesa Park Sec 1 $325,000 $218 3 bd / 2 ba 1,488 sqft , 2026-04-24

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

$1,704/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

$71,000

20% conventional investment loan

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

Estimated Gross Rent+$1,704

Principal + Interest−$1,937

Property Tax (~2.1% TX avg)−$621

Insurance (~0.5%)−$148

Est. Monthly Cash Flow $-1,002

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 →

About the Author

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 1, 2026.

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

410 E Milam Ave

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Round Rock, TX

More Luxury Homes in Round Rock

410 E Milam Ave

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Round Rock, TX

More Luxury Homes in Round Rock

Explore Austin Real Estate