Active Listing  ·  122 days on market

5008 Irvine Ln

Del Valle, TX 78617
$269,000
3 Bed 3 Bath 1,742 sqft $154/sqft Built 2008 0.12 acres Pool Lexington Parke Sec 01

Welcome to 5008 Irvine Lane, where thoughtful updates and versatile spaces come together in this move-in-ready two-story home. Built in 2008, this well-maintained residence offers 1,742 square feet with 3 bedrooms, 2.5 bathrooms, and a flexible layout designed for today's lifestyle. Currently tenant-occupied, this property offers an excellent opportunity for investors seeking an income-producing property with a tenant already in place.

The main level features an open-concept living and dining area with durable tile flooring, creating an inviting space for everyday living and entertaining. The kitchen offers stainless steel appliances, a gas range, a walk-in pantry, and plenty of cabinet and countertop space.

Upstairs, the spacious primary suite features vaulted ceilings, a walk-in closet, and an en-suite bath complete with a double vanity, garden tub, and separate shower. A bonus room with a door provides flexible space for a home office, game room, media room, fitness area, or additional living area. The former one-car garage has been converted into additional conditioned space with a mini-split system, offering a variety of potential uses.

Enjoy the fenced backyard featuring a covered deck, perfect for relaxing or entertaining, along with a storage shed for additional storage.

Conveniently located in Del Valle with easy access to Austin-Bergstrom International Airport, Tesla Gigafactory, Circuit of The Americas, SH-130, and Downtown Austin, this home offers comfort, flexibility, and convenience. A versatile opportunity for both investors and buyers looking for a well-maintained home with existing rental potential.

At $154/sqft, this home is 33% below the Del Valle active market average of $230/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5008 Irvine Ln, Del Valle, TX 78617

Property Details

Price $269,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,742 sqft
Lot Size 0.12 acres (5,401.44 sqft)
Year Built 2008
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Lexington Parke Sec 01
County Travis
Zip Code 78617
$/sqft $154/sqft
Days on Market ,
HOA $37/Monthly
Annual Tax Est. $5,261.67
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239704353
List Date July 13, 2026
Elementary School Del Valle
Middle School Del Valle
High School Del Valle
School District Del Valle ISD

Del Valle ISD

Del Valle · Del Valle · Del Valle

Luke Allen (TREC #788149) has deep knowledge of Del Valle 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 13, 2026 $275,000
Current ask $269,000
▼ Reduced $6,000 (-2.2%) 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 Del Valle

Comparable Listings Right Now

Homes currently for sale in Del Valle 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
12704 Saint Thomas Dr
Lexington Parke Sec 01
$272,990 $160 3 bd / 3 ba 1,709 sqft , 2026-08-13
5036 Lexington Meadow Ln
Lexington Parke Sec 01
$278,000 $148 3 bd / 2 ba 1,878 sqft , 2026-06-17
5512 War Admiral Dr
Berdoll Farms Ph 02 Sec 02
$280,000 $157 3 bd / 3 ba 1,788 sqft , 2026-10-26
13217 Thome Valley Dr
Berdoll Farms Ph 02 Sec 02
$285,000 $159 3 bd / 3 ba 1,788 sqft , 2026-11-09
12512 La Paz Ln
Los Cielos Sec 03
$250,000 $120 4 bd / 3 ba 2,088 sqft , 2026-06-10

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
$1,291/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
$53,800
20% conventional investment loan

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

Estimated Gross Rent+$1,291
Principal + Interest−$1,468
Property Tax (assumed ~2.1%)−$471
Insurance (assumed ~0.5%)−$112
Est. Monthly Cash Flow $-760

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 Del Valle, TX

Del Valle 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 · 41 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. The written content was last updated on October 7, 2026.

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

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