Active Listing  ·  37 days on market

5505 Pendleton Ln

Austin, TX 78723
$450,000
3 Bed 2 Bath 1,999 sqft $225/sqft Built 1967 0.21 acres 1-Car Garage Pool Preswyck Hills Sec 04

Preswyck Hills Opportunity – Spacious Lot & Prime East Austin Location Discover this well-positioned single-story home in the desirable Preswyck Hills subdivision of Pecan Springs–Springdale. Set on an expansive ~9,300-sq-ft lot (~0.21 acres), it combines inner-city convenience with rare yard space. Property Highlights ~1,999 sq ft (3 bed / 2 bath), built 1967 Single-level layout with flexible floor plan Large, tree-shaded lot ideal for entertaining, expansion, or ADU potential Location & Lifestyle Nestled in Austin’s fast-growing East Side, enjoy quick access to major roads, shopping, and city amenities while maintaining a peaceful, friendly neighborhood feel. Investor & End-User Appeal Perfect as a move-in-ready home, renovation project, or infill opportunity. With strong area appreciation and flexible zoning, this property offers both lifestyle and long-term upside.

At $225/sqft, this home is 43% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5505 Pendleton Ln, Austin, TX 78723

Property Details

Price $450,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,999 sqft
Lot Size 0.21 acres (9,313.13 sqft)
Year Built 1967
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Preswyck Hills Sec 04
County Travis
Zip Code 78723
$/sqft $225/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,674.94
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243066837
List Date September 1, 2026
Elementary School Pecan Springs
Middle School Garcia
High School Northeast 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.

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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
3108 E 51st St #903
Grove Condos Bldg 9
$449,000 $294 2 bd / 3 ba 1,529 sqft , 2026-09-26
6020 Springdale Rd #5
Hypoint Residences
$445,000 $279 3 bd / 3 ba 1,595 sqft , 2026-10-02
1803 Elmira Rd
Grant Park
$445,000 $316 3 bd / 2 ba 1,409 sqft , 2026-10-03
2713 Sweeney Ln
Royal Oak Estates Sec 05
$435,000 $332 2 bd / 1 ba 1,312 sqft , 2026-06-10
4715 Carsonhill Dr
Crest Hills Sec 01
$469,000 $254 3 bd / 2 ba 1,845 sqft , 2026-07-09

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
$2,160/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
$90,000
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,456
Property Tax (~2.1% TX avg)−$788
Insurance (~0.5%)−$188
Est. Monthly Cash Flow $-1,272

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 4, 2026.

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