Active Listing  ·  15 days on market

5218 Woodrow Ave

Austin, TX 78756
$675,000
3 Bed 2 Bath 1,306 sqft $517/sqft Built 1955 0.18 acres Pool North Loop Terrace

Location is everything when you’re living in this charming, tastefully updated, mid-century gem, in the heart of all the action. Pop out in a pinch for Pinthouse pizza, stroll to bars like Billy’s or the watering holes on Burnet, or have a classic Austin meal at La Mancha, Torchy’s or Fonda San Miguel, all ridiculously close. Schools are of course amazing, as are parks nearby (swim, picnic or play at Brentwood!). Take your pick of neighborhood grocers - HEB, Central Market or a (coming-soon) walkable H-Mart! And this house is a perfectly appointed home base for your best Austin life - a renovated kitchen, updated baths, three great bedrooms, two eating areas (or flex office?) and a huge backyard with a massive deck — use your imagination to put it to its optimal use. Parties, pickleball, play space, a casita for your in-laws? - dream up your best vision for the awesome outdoor space. When you’re here, you’re home - but the best of the city is always just a few steps away!

At $517/sqft, this home is priced 32% 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

5218 Woodrow Ave, Austin, TX 78756

Property Details

Price $675,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths 1
Living Area 1,306 sqft
Lot Size 0.18 acres (7,840.8 sqft)
Year Built 1955
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision North Loop Terrace
County Travis
Zip Code 78756
$/sqft $517/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,848.83
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT200359908
List Date September 23, 2026
Elementary School Bryker Woods
Middle School O Henry
High School Austin
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
400 W 51 St #A
400 & 402 West 51st Street Con
$675,000 $445 3 bd / 3 ba 1,516 sqft , 2026-05-11
4616 Sinclair Ave
Rosedale G
$699,000 $615 2 bd / 1 ba 1,137 sqft , 2026-07-01
1106 Arcadia Ave
West View Heights
$630,000 $611 2 bd / 2 ba 1,031 sqft , 2026-05-14
5605 Sunshine Dr #11
SOL ON SUNSHINE CONDOMINIUMS
$625,000 $395 2 bd / 3 ba 1,584 sqft , 2026-04-09
5613 Roosevelt Ave #B
Grovers Paradise
$625,000 $394 3 bd / 3 ba 1,587 sqft , 2026-08-26

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
$3,240/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
$135,000
20% conventional investment loan

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

Estimated Gross Rent+$3,240
Principal + Interest−$3,684
Property Tax (~2.1% TX avg)−$1,181
Insurance (~0.5%)−$281
Est. Monthly Cash Flow $-1,906

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 →

Neighborhood Context

About North Loop

North Loop has become one of Austin's most talked-about emerging neighborhoods - a strip of vintage shops, hip restaurants, and dive bars along North Loop Boulevard that has attracted a creative community and brought new attention to the surrounding residential blocks. The neighborhood sits between Hyde Park and Crestview, north of 53rd Street, and offers central Austin proximity at prices that still feel like a deal relative to what's immediately south.

The North Loop commercial strip is Austin's best vintage shopping destination - Mongers Market, Monkey Nest Coffee, Bouldin Acres, and a rotating cast of independent businesses that give the street its identity. This is not a neighborhood that has been polished into predictability; it has a raw, creative edge that attracts buyers who want character over conformity.

🛍️
North Loop Vintage Strip

North Loop Boulevard hosts Austin's best concentration of vintage shops, thrift stores, and independent businesses. Mongers Market and the surrounding strip draw shoppers from across the city.

☕
Monkey Nest Coffee

One of Austin's most beloved independent coffeehouses anchors the North Loop strip - the kind of neighborhood institution that defines a place and draws people in from surrounding areas.

💰
Best Value Between Hyde Park and Crestview

North Loop sits between two of Central Austin's most desirable neighborhoods and is priced below both. As those neighborhoods have appreciated, buyers have pushed north - which has driven North Loop's trajectory.

🎸
Creative Community

The neighborhood has attracted a high concentration of artists, musicians, and creative professionals - the kind of community that builds neighborhood identity and sustains long-term desirability.

Full North Loop Guide →

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 October 3, 2026.

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