Active Listing  ·  763 days on market

4907 Harmon Ave

Austin, TX 78751
$799,999
3 Bed 1 Bath 1,055 sqft $758/sqft Built 1940 0.46 acres 2-Car Garage Pool Ridgetop

Welcome to this charming 1940's home nestled on a generous .45-acre lot, brimming with potential. This classic residence boasts timeless character and awaits your personal touch to restore it to its former glory. Perfect for those with a vision, this property offers endless opportunities for remodeling and customization.

For the savvy investor, this expansive lot presents a prime opportunity to develop multi-family dwellings or condos, taking advantage of the substantial space and desirable location. Whether you're looking to create your dream home or embark on a lucrative investment venture, this property is a rare find with limitless possibilities. Don't miss out on the chance to transform this hidden gem into a stunning masterpiece or a thriving residential development. Owner financing available!!!

At $758/sqft, this home is priced 94% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4907 Harmon Ave, Austin, TX 78751

Property Details

Price $799,999
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,055 sqft
Lot Size 0.46 acres (20,094.23 sqft)
Year Built 1940
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Ridgetop
County Travis
Zip Code 78751
$/sqft $758/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,256.54
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT123104546
List Date July 2, 2024
Elementary School Ridgetop
Middle School Lamar (Austin ISD)
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.

Schedule a Call →

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 2, 2024 $1,200,000
Previous ask $850,000
Current ask $799,999
Reduced $400,001 (-33.3%) 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
3205 Menchaca Rd
Foster A R
$799,999 $627 2 bd / 2 ba 1,276 sqft , 2026-01-22
48 East Ave #1711
48 East Condos
$799,999 $772 2 bd / 2 ba 1,036 sqft , 2026-03-09
1806 Fortview Rd
Low Theodore Heights
$799,999 $580 3 bd / 2 ba 1,380 sqft , 2026-07-06
1215 Payne Ave
Violet Crown Heights Sec 02
$799,500 $579 4 bd / 2 ba 1,380 sqft , 2026-03-23
3501 Pecan Springs Rd
Marlo Heights Sec 01
$799,000 $669 2 bd / 1 ba 1,194 sqft , 2025-09-10

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
$3,840/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
$160,000
20% conventional investment loan

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

Estimated Gross Rent+$3,840
Principal + Interest−$4,366
Property Tax (~2.1% TX avg)−$1,400
Insurance (~0.5%)−$333
Est. Monthly Cash Flow $-2,259

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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