About This Home

This charming craftsman-style home in vibrant East Austin offers incredible possibilities, whether you're a homeowner, investor, or developer. This is an Estate Sale so while there's no Seller's Disclosure or survey available, this SF-3-NP zoning opens doors for expansion or even adding an ADU. With convenient access to vibrant local amenities and major roads, this could be your chance to get into the East Austin market!

At $297/sqft, this home is 24% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4703 Leslie Ave, Austin, TX 78721

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Property Details

Price $374,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,260 sqft

Lot Size 0.17 acres (7,187.4 sqft)

Year Built 1952

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Cedar Valley

County Travis

Zip Code 78721

$/sqft $297/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT238030852

List Date July 1, 2026

Elementary School Sims

Middle School Garcia

High School Northeast Early College

School District ,

Have Questions About This Property?

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 · July 1, 2026 $399,000

Current ask $374,000

▼ Reduced $25,000 (-6.3%) 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

1136 Eleanor St
Green Valley 01 $375,000 $300 2 bd / 2 ba 1,249 sqft , 2026-06-26

1210 Delano St
Lincoln Gardens 01 $375,000 $269 3 bd / 2 ba 1,394 sqft , 2026-09-07

4913 Single Shot #A Cir
Fort View Hills Sec 01 $369,900 $306 3 bd / 2 ba 1,209 sqft , 2025-06-05

4913 Single Shot #B Cir
Fort View Hills Sec 01 $389,900 $321 2 bd / 3 ba 1,215 sqft , 2026-01-14

5405 Rusk Ct
Senate Hills Sec 01 $389,900 $319 3 bd / 2 ba 1,224 sqft , 2026-06-18

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

$1,795/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

$74,800

20% conventional investment loan

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

Estimated Gross Rent+$1,795

Principal + Interest−$2,041

Property Tax (~2.1% TX avg)−$655

Insurance (~0.5%)−$156

Est. Monthly Cash Flow $-1,057

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 August 14, 2026.

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

4703 Leslie Ave