Active Listing  ·  11 days on market

4600 Alf Ave

Austin, TX 78721
$499,000
2 Bed 1 Bath 998 sqft $500/sqft Built 1946 0.22 acres Pool Springdale Add

Move-in ready and full of charm, this 2-bedroom, 1-bath home also presents a rare development opportunity on a large corner lot in one of East Austin’s most desirable pockets. Inside, sun-filled living spaces showcase warm wood floors, a functional layout, and a dedicated formal dining room ideal for entertaining. The kitchen stands out with patterned tile, stainless steel appliances, and a farmhouse sink, while a separate laundry room adds everyday convenience. Abundant natural light throughout creates a bright, welcoming atmosphere.

Located minutes from downtown Austin, local coffee shops, restaurants, and neighborhood favorites, 4600 Alf Avenue offers the perfect balance of immediate comfort and long-term potential—whether you’re looking for a turnkey home or your next development project.

At $500/sqft, this home is priced 28% 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

4600 Alf Ave, Austin, TX 78721

Property Details

Price $499,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 998 sqft
Lot Size 0.22 acres (9,718.24 sqft)
Year Built 1946
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Springdale Add
County Travis
Zip Code 78721
$/sqft $500/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,781
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246075330
List Date September 11, 2026
Elementary School Govalle
Middle School Martin
High School Eastside 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.

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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
1140 Webberville Rd #9
Ashton East Condominium Townhomes
$499,000 $424 2 bd / 3 ba 1,178 sqft , 2026-06-25
5506 Hudson St #2
Lincoln Gardens No1
$499,900 $426 2 bd / 3 ba 1,173 sqft , 2026-09-01
1120 Spur St
Pecan Valley
$492,500 $395 3 bd / 2 ba 1,248 sqft , 2026-04-17
911 Calle Limon None #2
Von Rosenberg Gardens
$510,000 $390 2 bd / 3 ba 1,307 sqft , 2026-07-30
3409 Neal St #2
3409 NEAL CONDOMINIUMS
$485,000 $444 2 bd / 3 ba 1,092 sqft , 2026-06-16

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
$2,395/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
$99,800
20% conventional investment loan

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

Estimated Gross Rent+$2,395
Principal + Interest−$2,723
Property Tax (~2.1% TX avg)−$873
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,409

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 19, 2026.

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