About This Home

Unique covered land opportunity in the heart of central Austin. Ideal for builders looking for small MF development and recent zoning changes should allow three-unit residential on the property (SF-3 zoning). Current architectural plans for single-family home plus ADU convey with the sale. Two leases have been secured for a projected $45,516 in NOI ($4,800 per month) and offer income while plans are being processed (6.51% cap rate). Home is being marketed as a tear down.

At $259/sqft, this home is 34% 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

5210 Woodrow Ave, Austin, TX 78756

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Property Details

Price $650,000

Status Active Listing

Beds 5

Full Baths 4

Half Baths ,

Living Area 2,510 sqft

Lot Size 0.26 acres (11,325.6 sqft)

Year Built 1963

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Broadacres

County Travis

Zip Code 78756

$/sqft $259/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT240987802

List Date July 31, 2026

Elementary School Brentwood

Middle School Lamar (Austin ISD)

High School Austin

School District Austin ISD

School District

Austin ISD

Brentwood · Lamar (Austin ISD) · Austin

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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 31, 2026 $699,000

Current ask $650,000

▼ Reduced $49,000 (-7.0%) 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

5600 Jim Hogg Ave #B
5600 Jim Hogg Condo Amd $675,000 $331 4 bd / 3 ba 2,038 sqft , 2026-10-20

2811 W Fresco Dr
Rosedale $799,000 $379 4 bd / 3 ba 2,109 sqft , 2026-06-26

4412 Authentic Dr #206
The Grove $815,000 $374 4 bd / 4 ba 2,178 sqft , 2026-06-24

3905 Vantage Dr
The Grove $875,000 $408 4 bd / 4 ba 2,144 sqft , 2026-03-03

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

$3,120/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

$130,000

20% conventional investment loan

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

Estimated Gross Rent+$3,120

Principal + Interest−$3,547

Property Tax (assumed ~2.1%)−$1,138

Insurance (assumed ~0.5%)−$271

Est. Monthly Cash Flow $-1,836

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 · 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 September 11, 2026.

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

5210 Woodrow Ave

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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