Active Listing  ·  22 days on market

4611 S 2nd St

Austin, TX 78745
$399,900
3 Bed 2 Bath 1,344 sqft $298/sqft Built 1959 0.18 acres Pool Greenwood Forest Sec 01

After nearly 60 years of ownership, this South Austin home is ready for its next chapter. Offering 3 bedrooms, 2 full bathrooms, and over 1,300 square feet of living space, you'll immediately notice the care that's gone into maintaining this home throughout the years.

Inside, you'll find original Austin character along with a thoughtfully completed garage conversion that adds valuable living space while maintaining a functional floor plan. While the next owner will likely choose to make updates over time, the home offers a solid foundation and the opportunity to build equity at your own pace instead of paying a premium for someone else's renovations.

Situated on a flat, usable lot, the backyard provides plenty of room to relax, entertain, or expand your outdoor living. The detached workshop is wired with electricity, has solid bones, and is ready to become a workshop, hobby space, storage area, or even a creative studio.

Whether you're a first-time buyer looking to put down roots, someone wanting to personalize a home over the years, or an investor searching for a property with long-term upside, this home offers a rare opportunity in one of South Austin's most established neighborhoods.

Located just 15 minutes from Downtown Austin and only 5-7 minutes from the shopping, restaurants, and entertainment along South Congress and South First, you'll enjoy convenient access to everything that makes this area so desirable.

The property is being sold as-is, making it an excellent opportunity for buyers who appreciate the value of a home that has been well cared for and are excited to make it their own.

At $298/sqft, this home is 24% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4611 S 2nd St, Austin, TX 78745

Property Details

Price $399,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,344 sqft
Lot Size 0.18 acres (7,871.29 sqft)
Year Built 1959
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Greenwood Forest Sec 01
County Travis
Zip Code 78745
$/sqft $298/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,033.09
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226401469
List Date July 13, 2026
Elementary School St Elmo
Middle School Mendez
High School Travis
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.

Schedule a Call →

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
2605 Enfield Rd #221
Enfield Twnhms
$399,900 $389 2 bd / 3 ba 1,028 sqft , 2026-04-21
6800 Menchaca Rd #13
Soma Village Condos
$399,900 $259 2 bd / 3 ba 1,542 sqft , 2026-04-21
6902 Notre Dame Dr
University Hills Sec 1
$399,900 $316 3 bd / 2 ba 1,265 sqft , 2026-05-08
7211 Lakewood Dr #G124
Lakewood Condo Amd
$399,900 $284 3 bd / 2 ba 1,410 sqft , 2026-03-12
7609 Crystalbrook Dr W
Northridge Park Sec 01
$399,900 $392 3 bd / 2 ba 1,020 sqft , 2026-05-13

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
$1,920/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
$79,980
20% conventional investment loan

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

Estimated Gross Rent+$1,920
Principal + Interest−$2,182
Property Tax (~2.1% TX avg)−$700
Insurance (~0.5%)−$167
Est. Monthly Cash Flow $-1,129

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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