Active Listing  ·  110 days on market

5508 Avenue G None

Austin, TX 78751
$895,000
4 Bed 3 Bath 1,842 sqft $486/sqft Built 1950 0.15 acres 2-Car Garage Pool Highlands

Rare North Loop opportunity with two homes on one lot. Whether you are looking to offset your mortgage by renting one home while living in the other, host extended family, or create a dedicated work-from-home setup, this property offers flexibility that is nearly impossible to find in North Loop. Don't miss the chance to own a piece of one of the city's most sought-after neighborhoods with a built-in income stream.

The front house is a charming two-bedroom, one-bathroom bungalow with classic character and thoughtful updates throughout, including a refreshed kitchen and bathroom. The back house is accessed through the rear alley for added privacy and is thoughtfully designed with two bedrooms and a full bathroom upstairs, plus a convenient half bathroom on the main level. The upstairs bedrooms sit among the treetops, giving the space a quiet, tucked-away feel. Guest bedroom has fantastic built-in bookshelves that make it perfect for an office or kid’s room. Alley access also leads to a true two-car garage and a third covered parking spot, a feature that is hard to come by in this neighborhood

At $486/sqft, this home is priced 24% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

5508 Avenue G None, Austin, TX 78751

Property Details

Price $895,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 1,842 sqft
Lot Size 0.15 acres (6,320.56 sqft)
Year Built 1950
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highlands
County Travis
Zip Code 78751
$/sqft $486/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $16,818
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226227352
List Date April 16, 2026
Elementary School Reilly
Middle School Lamar (Austin ISD)
High School McCallum
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
4510 Terry O Ln #326
STATION AT ST ELMO THE CONDOMINIUMS
$895,000 $466 3 bd / 3 ba 1,920 sqft , 2026-04-10
1800 Poquito St
Crows Sub Resub Lt 6& Pt Lt 7
$895,000 $419 3 bd / 3 ba 2,138 sqft , 2026-05-28
10903 Galleria Cv
Austin Hills Sec 05
$895,000 $392 4 bd / 3 ba 2,282 sqft , 2026-06-18
12421 Painted Bunting Dr
Painted Bunting
$895,000 $548 3 bd / 2 ba 1,634 sqft , 2026-06-05
3129 Govalle Ave
Villa Govalle
$895,000 $464 3 bd / 3 ba 1,928 sqft , 2026-06-25

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
$4,296/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
$179,000
20% conventional investment loan

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

Estimated Gross Rent+$4,296
Principal + Interest−$4,884
Property Tax (~2.1% TX avg)−$1,566
Insurance (~0.5%)−$373
Est. Monthly Cash Flow $-2,527

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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