About This Home

One lot, two dwellings, plus a rear buildable pad in Banister Acres. 8,569 sf (N50’ of Lot 3, Blk C).

Front home rebuilt 2024–25 with new systems and a 2025 certificate of occupancy.

Detached rear dwelling on site.

Rear pad open for a future house.

Shared west drive.

No HOA.

Sold as one parcel, as-is.

Condo declaration prepared but not recorded. Buyer may keep as one tract or convert after closing.

Survey in documents.

At $423/sqft, this home is priced 8% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4309 Hank Ave, Austin, TX 78745

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Property Details

Price $595,000

Status Active Listing

Beds 3

Full Baths 3

Half Baths ,

Living Area 1,408 sqft

Lot Size 0.20 acres (8,712 sqft)

Year Built 1951

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Banister Acres Sec 02

County Travis

Zip Code 78745

$/sqft $423/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $11,055.87

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT247530767

List Date September 22, 2026

Elementary School St Elmo

Middle School Bedichek

High School Travis

School District ,

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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

3700 Clawson Rd #301
Clawson Ridge $595,000 $354 2 bd / 3 ba 1,680 sqft , 2026-08-14

4709 Mount Vernon Dr
Greenwood Forest Sec 02 $594,991 $361 3 bd / 2 ba 1,649 sqft , 2026-01-12

2815 Corbin Ln
Crossing At Bouldin Creek The $599,000 $389 2 bd / 3 ba 1,538 sqft , 2026-04-17

4400 Mount Vernon Dr #B
Hilltop Add $590,000 $375 3 bd / 3 ba 1,574 sqft , 2026-08-19

3004 Burning Oak Dr
South Terrace Add $589,999 $524 3 bd / 1 ba 1,126 sqft , 2026-10-01

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

$2,856/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

$119,000

20% conventional investment loan

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

Estimated Gross Rent+$2,856

Principal + Interest−$3,247

Property Tax (~2.1% TX avg)−$1,041

Insurance (~0.5%)−$248

Est. Monthly Cash Flow $-1,680

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

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 September 23, 2026.

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

4309 Hank Ave

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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