Active Listing  ·  10 days on market

4502 Turnstone Dr

Austin, TX 78744
$230,000
3 Bed 2 Bath 1,535 sqft $150/sqft Built 1978 0.17 acres Pool Dove Spgs Ph 03

Tenant-occupied investment opportunity in an established Southeast Austin neighborhood. With 3 bedrooms and 2 full bathrooms, the home provides multiple living spaces that can easily adapt to a variety of needs, whether hosting guests, working from home, or enjoying a quiet evening in. Step inside to a bright and inviting living area that connects naturally to the dining space and kitchen, creating a layout that feels open and easy to navigate. The kitchen features plenty of cabinet storage and counter space, making meal preparation and gatherings feel effortless for homeowners and residents alike. An additional living area offers flexibility for a second lounge, home office, playroom, or creative space. The primary bedroom includes its own private bathroom and comfortable proportions, while the secondary bedrooms are well-sized and thoughtfully positioned within the home. The overall floor plan offers a practical flow that supports everyday living and future personalization. Located in Southeast Austin, the property enjoys quick access to major roadways like I-35 and Highway 71, making commuting around the city simple. Residents will appreciate the proximity to shopping, dining, parks, and Austin-Bergstrom International Airport, with downtown Austin just a short drive away.

At $150/sqft, this home is 62% 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

4502 Turnstone Dr, Austin, TX 78744

Property Details

Price $230,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,535 sqft
Lot Size 0.17 acres (7,230.96 sqft)
Year Built 1978
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Dove Spgs Ph 03
County Travis
Zip Code 78744
$/sqft $150/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,650.15
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246585589
List Date September 12, 2026
Elementary School Widen
Middle School Mendez
High School Akins
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
6809 Bitteroot Trl
South Creek South Sec 02 Amd
$225,000 $204 3 bd / 1 ba 1,105 sqft , 2026-09-17
4913 Misty Slope Ln
Greenslopes Ph 01
$215,000 $159 3 bd / 2 ba 1,352 sqft , 2026-08-19
2518 Dovemeadow Dr
Dove Spgs Sec 01
$250,000 $209 3 bd / 2 ba 1,194 sqft , 2026-09-09
7051 Meadow Lake Blvd #10103
Persimmon Point
$206,000 $169 3 bd / 3 ba 1,221 sqft , 2026-02-06
4801 Cabob St
South Highlands Amd
$260,000 $199 3 bd / 2 ba 1,308 sqft , 2026-09-22

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
$1,104/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
$46,000
20% conventional investment loan

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

Estimated Gross Rent+$1,104
Principal + Interest−$1,255
Property Tax (~2.1% TX avg)−$403
Insurance (~0.5%)−$96
Est. Monthly Cash Flow $-650

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 September 13, 2026.

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