Active Listing  ·  15 days on market

4817 Pelham Dr

Austin, TX 78727
$475,000
3 Bed 2 Bath 1,694 sqft $280/sqft Built 1983 0.17 acres 2-Car Garage Pool Milwood Sec 09

ZERO % DOWN PAYMENT, BANK STAMKENT LOANS, AND 2/1 BUYDOWN available for qualified buyers. Fantastic home in the highly desirable Millwood neighborhood of North Austin, offering an excellent combination of location, spacious living areas, and a private backyard ready for your personal touch. Super cat friendly with a "Cat"io, indoor/outdoor cat access. The thoughtfully designed floorplan is great for entertaining, featuring an eat-in kitchen, formal dining room, and inviting living area with a fireplace. Upstairs, the large primary suite provides a comfortable retreat with plenty of space, while the secondary bedrooms offer great flexibility. Outside, the private backyard is a standout feature, with a large covered patio that creates an ideal setting for BBQs, gatherings, or relaxing outdoors. The home is ready for your updates, providing an opportunity to customize and make it your own while building on an already functional layout and fantastic location. Situated in Millwood with convenient access to Apple, The Domain, and Q2 Stadium, you'll be close to some of North Austin's best employment, shopping, dining, and entertainment destinations. Located within Austin ISD, this is a wonderful opportunity to create your ideal home in one of North Austin's established and sought-after communities.

At $280/sqft, this home is 29% 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

4817 Pelham Dr, Austin, TX 78727

Property Details

Price $475,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,694 sqft
Lot Size 0.17 acres (7,239.67 sqft)
Year Built 1983
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Milwood Sec 09
County Travis
Zip Code 78727
$/sqft $280/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,623.01
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247156180
List Date September 23, 2026
Elementary School Summitt
Middle School Murchison
High School Anderson
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
4901 Powder River Rd
Mesa Park Sec 01
$469,950 $397 3 bd / 2 ba 1,183 sqft , 2026-07-02
4802 Ganymede Dr
Milwood Sec 11
$464,990 $284 4 bd / 2 ba 1,639 sqft , 2026-09-03
11507 Pyreneese Dr
Mesa Park Sec 06
$457,000 $318 3 bd / 2 ba 1,436 sqft , 2026-10-02
11505 Catalonia Dr
Mesa Park Sec 06
$450,000 $278 3 bd / 2 ba 1,618 sqft , 2026-09-25
5143 Ganymede Dr
Milwood Sec 11
$445,000 $342 3 bd / 2 ba 1,301 sqft , 2026-04-13

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
$2,280/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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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 October 2, 2026.

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