Active Listing  ·  171 days on market

516 Montopolis Dr

Austin, TX 78741
$280,000
2 Bed 2 Bath 1,539 sqft $182/sqft Built 1980 0.21 acres Pool Hutchins Emma

Prime land opportunity in Montopolis. 0.21 acres. Aprox 53ft Montopolis frontage. Exceptional location. Bring your big ideas and design to this tear down. NO HOA. Property is sold “As is-Where is”. Buyer/Buyer agent to confirm zoning/restrictions with City of Austin and Travis County.

At $182/sqft, this home is 53% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

516 Montopolis Dr, Austin, TX 78741

Property Details

Price $280,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,539 sqft
Lot Size 0.21 acres (9,239.08 sqft)
Year Built 1980
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Hutchins Emma
County Travis
Zip Code 78741
$/sqft $182/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $3,643.77
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220010396
List Date February 24, 2026
Elementary School Allison
Middle School Martin
High School Eastside Early College
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 →

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
11433 Lost Maples Trl
Ravenscroft Twnhms Amd
$280,000 $146 3 bd / 3 ba 1,922 sqft , 2026-01-16
909 Reinli St #103
Verandas At Uptown Condo
$280,000 $238 3 bd / 3 ba 1,176 sqft , 2026-04-14
13013 Titanium St
Harris Branch Tr E-68 Sec 1
$280,000 $230 3 bd / 2 ba 1,216 sqft , 2026-03-10
1101 Grove Blvd #208
Townhomes At Riverside Grove
$280,000 $267 2 bd / 3 ba 1,048 sqft , 2026-06-04
4815 Quicksilver Blvd
Silverstone Phs 1 Sec 2
$280,000 $260 3 bd / 2 ba 1,078 sqft , 2026-07-07

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
$1,344/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
$56,000
20% conventional investment loan

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

Estimated Gross Rent+$1,344
Principal + Interest−$1,528
Property Tax (~2.1% TX avg)−$490
Insurance (~0.5%)−$117
Est. Monthly Cash Flow $-791

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 July 7, 2026.

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