Active Listing  ·  21 days on market

5506 Hudson St #2

Austin, TX 78721
$499,900
2 Bed 3 Bath 1,173 sqft $426/sqft Built 2023 0.07 acres 1-Car Garage Pool Lincoln Gardens No1

Modern East Austin living with style, comfort, and convenience. Built by Carr Residential, this thoughtfully designed home offers contemporary architecture, designer finishes, a functional layout, and no HOA fees in one of Austin’s most vibrant and sought-after areas. Inside, an inviting open-concept floor plan is filled with natural light and anchored by beautiful hardwood flooring. The kitchen features quartz countertops, stainless steel appliances, and a generous freestanding island with breakfast bar seating. Upstairs, the spacious primary suite offers a peaceful retreat with a beautifully appointed bath featuring dual vanities and a walk-in shower. A second bedroom and full bath provide flexibility for guests, a home office, gym, or additional living space. Out back, a screened-in covered patio opens to a spacious and private backyard with plenty of room to gather, entertain, play, garden, or simply enjoy the outdoors. A one car garage with a built-in electric vehicle charger adds another layer of convenience. Ideally located with easy access to East Austin’s restaurants, coffee shops, parks, and local favorites, as well as convenient access to ABIA. 5506 Hudson St #2 offers the perfect blend of modern living, thoughtful design, outdoor space, and an unbeatable East Austin location.

At $426/sqft, this home is priced 8% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

5506 Hudson St #2, Austin, TX 78721

Property Details

Price $499,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,173 sqft
Lot Size 0.07 acres (3,036.13 sqft)
Year Built 2023
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lincoln Gardens No1
County Travis
Zip Code 78721
$/sqft $426/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,629.61
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244111745
List Date September 1, 2026
Elementary School Norman-Sims
Middle School Martin
High School Lyndon B Johnson (Austin ISD)
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
1140 Webberville Rd #9
Ashton East Condominium Townhomes
$499,000 $424 2 bd / 3 ba 1,178 sqft , 2026-06-25
4600 Alf Ave
Springdale Add
$499,000 $500 2 bd / 1 ba 998 sqft , 2026-09-11
1120 Spur St
Pecan Valley
$492,500 $395 3 bd / 2 ba 1,248 sqft , 2026-04-17
5912 Harold Ct #106
Vistas/Harold Condos
$492,450 $335 2 bd / 3 ba 1,470 sqft , 2026-06-05
4710 Russet Hill Dr
Springdale Hills Sec 02
$480,000 $378 3 bd / 2 ba 1,270 sqft , 2026-07-10

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
$2,400/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
$99,980
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,728
Property Tax (~2.1% TX avg)−$875
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,411

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 15, 2026.

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