Active Listing  ·  109 days on market

4606 Evans Ave

Austin, TX 78751
$1,895,000
5 Bed 5 Bath 3,353 sqft $565/sqft Built 2022 0.23 acres Pool Staehely

Exceptional Hyde Park, remarkable foot print. 4606 Evans offers an incredibly rare opportunity to purchase two bespoke 2022-built craftsman dwellings on one lot. No HOA. Unlike your typical Hyde Park garage apartments, the ADU was built as a standalone dwelling and features: open concept kitchen/living/dining with all standard kitchen appliances; two accommodating bedrooms; two full baths; private entrance; front and back yards. The main house features an intuitive and thoughtful floor plan, including: 3 spacious bedrooms, 2.5 baths, designated office, two living areas, chef's kitchen, designated laundry room, second floor landing, and additional flex room or storage space. The tasteful wood floors and cathedral ceilings create a warm and inviting atmosphere. Enjoy a relaxing soak in the spacious primary bathroom's clawfoot tub. The masterfully designed kitchen is sure to impress, including a stunning high-end Dacor range (installed 2025), and the covered back deck is perfect for entertaining. The main house has been operated as a long-term rental and the ADU as a successful STR. P&L’s available upon request. 4606 Evans is perfect as a 1031 exchange candidate, for those buyers looking for immediate turnkey passive income, or multigenerational use. The versatility of options cannot be understated. Per TCAD, the main house is 2,409 SF and the ADU is 944 SF. All ADU furniture and both dwelling appliances may convey with an acceptable offer.

At $565/sqft, this home is priced 44% 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

4606 Evans Ave, Austin, TX 78751

Property Details

Price $1,895,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 3,353 sqft
Lot Size 0.23 acres (9,875.05 sqft)
Year Built 2022
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Staehely
County Travis
Zip Code 78751
$/sqft $565/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $29,547.95
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232474960
List Date June 5, 2026
Elementary School Lee
Middle School Kealing
High School McCallum
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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · June 5, 2026 $1,999,000
Previous ask $1,950,000
Current ask $1,895,000
Reduced $104,000 (-5.2%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
4603 Avenue C None
HYDE PARK ANNEX
$1,950,000 $556 4 bd / 6 ba 3,508 sqft , 2026-09-09
4515 and 4517 Avenue D None
Hyde Park Annex
$1,995,000 $604 4 bd / 4 ba 3,304 sqft , 2026-06-15
1201 Georgian St
Georgian Terrace
$1,650,000 $548 5 bd / 4 ba 3,011 sqft , 2026-09-11
5513 Duval St
Highlands
$1,499,000 $596 4 bd / 3 ba 2,517 sqft , 2026-09-03
200 W 40th St
Hyde Park Add 02
$1,495,000 $540 4 bd / 3 ba 2,771 sqft , 2026-06-24

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
$9,096/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
$379,000
20% conventional investment loan

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

Estimated Gross Rent+$9,096
Principal + Interest−$10,342
Property Tax (~2.1% TX avg)−$3,316
Insurance (~0.5%)−$790
Est. Monthly Cash Flow $-5,352

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 9, 2026.

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