About This Home

A development-ready lot in Brentwood presents a unique opportunity in Austin. This property features a lot size of 0.26 acres, equivalent to 11461.0 square feet, and has potential for three detached units.

There are no protected trees on the site, allowing for maximized use of the space. In preparation for demolition, the electric and gas utilities have already been removed.

The existing structure has 1 full bathroom and a living area of 1176.0 square feet. It was boarded after being used by the Austin Fire Department for training. Please note there is no interior access without coordination. The property is sold as is, and plans are available upon request.

At $416/sqft, this home is priced 6% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

503 Brentwood St, Austin, TX 78752

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Property Details

Price $489,000

Status Active Listing

Beds 3

Full Baths 1

Half Baths 1

Living Area 1,176 sqft

Lot Size 0.26 acres (11,460.64 sqft)

Year Built 1942

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Plaza Place

County Travis

Zip Code 78752

$/sqft $416/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $9,241.05

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT221212171

List Date March 3, 2026

Elementary School Reilly

Middle School Lamar (Austin ISD)

High School McCallum

School District ,

Have Questions About This Property?

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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 · March 3, 2026 $549,000

Previous ask $525,000

Current ask $489,000

▼ Reduced $60,000 (-10.9%) 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

1102 Clayton Ln
Claircrest Add Sec 01 $487,000 $487 3 bd / 2 ba 999 sqft , 2026-06-24

6706 Isabelle Dr
Huntland Heights Sec 01 $475,000 $304 3 bd / 1 ba 1,564 sqft , 2026-07-23

200 W 56th St #1104
Koenig Townhomes $474,999 $311 3 bd / 3 ba 1,525 sqft , 2026-05-11

309 Brentwood St
Plaza Place $465,000 $359 3 bd / 1 ba 1,296 sqft , 2026-09-15

200 W 56th St #2103
Koenig Townhomes $464,999 $305 3 bd / 3 ba 1,525 sqft , 2026-05-11

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

$2,347/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

$97,800

20% conventional investment loan

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

Estimated Gross Rent+$2,347

Principal + Interest−$2,669

Property Tax (~2.1% TX avg)−$856

Insurance (~0.5%)−$204

Est. Monthly Cash Flow $-1,382

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 September 10, 2026.

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

503 Brentwood St