Active Listing  ·  15 days on market

5413 Blue Bird Ln #2

Austin, TX 78745
$399,000
2 Bed 3 Bath 1,032 sqft $387/sqft Built 2020 0.07 acres Pool Blue Bird Condominiums

TWO PRIMARY SUITES, each with its own private ensuite bath and walk-in closet — a rare layout that lets one mortgage do double duty. Tucked behind a quiet South Austin street just 10 minutes from downtown and a quick bike ride to the St. Elmo District (St. Elmo Brewery, Still Austin, Sagebrush), this 2020-built home pairs a low-maintenance footprint with a genuinely private, fully fenced backyard and covered patio. The open ground floor centers on a kitchen built for entertaining: large peninsula with bar seating, stainless appliances, abundant cabinetry, and a true pantry. Upstairs, the two suites sit privately on opposite ends — one with a walk-in shower, one with a tub/shower combo — plus convenient upstairs laundry. Fresh interior paint (2026), covered carport plus two additional parking spaces, and a lock-and-leave lifestyle minutes from everything that makes 78745 one of Austin's most-loved zip codes. Conventional, FHA, and VA financing welcome — ask about details.

At $387/sqft, this home is 2% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5413 Blue Bird Ln #2, Austin, TX 78745

Property Details

Price $399,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,032 sqft
Lot Size 0.07 acres (2,866.25 sqft)
Year Built 2020
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Blue Bird Condominiums
County Travis
Zip Code 78745
$/sqft $387/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246153686
List Date September 8, 2026
Elementary School Pleasant Hill
Middle School Bedichek
High School Crockett
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
4510 Terry-O Ln #302
S Austin Industrial Park
$399,000 $356 2 bd / 2 ba 1,122 sqft , 2025-12-24
407 Tamworth Ave
Greenwood Hills Sec 04
$400,000 $418 3 bd / 2 ba 956 sqft , 2026-09-16
408 Blueberry Hl
Flournoys Sweetbriar Sec 11
$385,000 $390 3 bd / 2 ba 988 sqft , 2026-06-05
902 Austin Highlands Blvd
Austin Highlands Sec 01
$384,888 $362 3 bd / 2 ba 1,064 sqft , 2026-07-10
504 Heartwood Dr
Community Fairview Sec 02
$419,000 $309 3 bd / 2 ba 1,358 sqft , 2026-03-19

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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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 September 9, 2026.

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