Active Listing  ·  102 days on market

506 Tamworth Ave

Austin, TX 78745
$399,000
3 Bed 2 Bath 1,009 sqft $395/sqft Built 1970 0.16 acres 1-Car Garage Pool Greenwood Hills Sec 06

Located in the heart of South Austin’s vibrant 78745, this residence blends major system upgrades with inviting living spaces, offering both peace of mind and everyday comfort. Inside, you’ll find a spacious living area highlighted by a vaulted ceiling, creating an open, airy feel perfect for relaxing or entertaining. Recent updates include fresh interior paint, a new kitchen countertop and sink, and a well maintained interior that reflects pride of ownership throughout. Significant improvements set this home apart, including a full under slab plumbing replacement with PVC (2026), a newer roof with transferable lifetime warranty (2020), and prior foundation work with a lifetime warranty, providing long-term confidence for the next owner. Step outside to enjoy a large backyard enclosed by a cedar privacy fence, offering ample space for pets, play, gardening, or future enhancements. Custom patio lighting and refreshed landscaping enhance the outdoor ambiance, making it ideal for evening gatherings. Located in a welcoming and established neighborhood known for its sense of community, residents enjoy events like the annual Halloween block party and a mix of longtime Austinites and newcomers alike. Just minutes away, you’ll find local favorites at The Yard, including Spokesman Coffee, St. Elmo Brewing, Austin Winery, and Still Austin along with an ever-changing selection of food trucks and entertainment. With easy access to Ben White, I-35, and South Congress, this home offers the perfect balance of connectivity and quiet neighborhood charm.

At $395/sqft, this home is priced in line with the Austin market average of $390/sqft across 4,646 active listings. View Austin market report →

Location

506 Tamworth Ave, Austin, TX 78745

Property Details

Price $399,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths 1
Living Area 1,009 sqft
Lot Size 0.16 acres (7,126.42 sqft)
Year Built 1970
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Greenwood Hills Sec 06
County Travis
Zip Code 78745
$/sqft $395/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,019.69
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224845295
List Date April 24, 2026
Elementary School Galindo
Middle School Bedichek
High School Travis
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
204 Chippendale Ave
Greenwood Hills Sec 02
$399,000 $334 3 bd / 1 ba 1,196 sqft , 2026-03-29
2612 San Pedro St #112
Treehouse Condominiums
$399,000 $321 3 bd / 2 ba 1,244 sqft , 2026-02-19
3110 Red River St #C-402
Sterling Crest Condo Am
$399,000 $421 2 bd / 2 ba 947 sqft , 2026-05-05
4704 Sunset Trl #1201
Grange Condominiums
$399,000 $372 2 bd / 2 ba 1,073 sqft , 2026-05-22
4400 Vaughan St #B
Mueller
$399,000 $324 2 bd / 3 ba 1,230 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
$1,915/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
$79,800
20% conventional investment loan

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

Estimated Gross Rent+$1,915
Principal + Interest−$2,178
Property Tax (~2.1% TX avg)−$698
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,127

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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