Active Listing  ·  145 days on market

5309 Prock Ln

Austin, TX 78721
$350,000
2 Bed 1 Bath 900 sqft $389/sqft Built 1971 0.21 acres Pool Green Valley 02

Rare opportunity to own a .21-acre corner lot in East Austin, ideally located just minutes from Mueller, Downtown Austin, and Austin-Bergstrom International Airport. The existing 2-bedroom, 1-bath home is livable and offers the option for immediate occupancy or rental income while planning future improvements. The corner lot provides access from two streets and allows for a variety of layout options for a future build, subject to buyer verification. The property is situated near Mueller’s shopping, dining, and park amenities, with convenient access to major roadways connecting to central Austin and the airport. Buyer to verify all building requirements and development feasibility with the City of Austin.

At $389/sqft, this home is priced in line with the Austin market average of $391/sqft across 4,642 active listings. View Austin market report →

Location

5309 Prock Ln, Austin, TX 78721

Property Details

Price $350,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 900 sqft
Lot Size 0.21 acres (9,025.63 sqft)
Year Built 1971
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Green Valley 02
County Travis
Zip Code 78721
$/sqft $389/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,336.52
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222052839
List Date March 12, 2026
Elementary School Ortega
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
2609 Davis Ln #2
Hoffman Charles
$350,000 $318 2 bd / 2 ba 1,100 sqft , 2025-04-15
8142 Ceberry Dr #B
Spicewood Forest
$350,000 $355 2 bd / 2 ba 987 sqft , 2026-02-23
2509 Pearl St #5
Valencia Condo
$350,000 $414 2 bd / 2 ba 845 sqft , 2026-06-05
8204 Kellog Ct
Oak Plantations
$350,000 $389 3 bd / 1 ba 900 sqft , 2026-03-13
4709 Leslie Ave
Cedar Valley
$349,999 $329 3 bd / 1 ba 1,064 sqft , 2026-04-09

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
$1,680/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
$70,000
20% conventional investment loan

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

Estimated Gross Rent+$1,680
Principal + Interest−$1,910
Property Tax (~2.1% TX avg)−$613
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-989

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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