About This Home

This home is a charming North Loop bungalow with two-bedrooms, one-bathroom with adorable classic character and thoughtful updates throughout, including a refreshed kitchen and bathroom. Natural light fills the home through generous windows, complementing the original wood floors. Step outside to enjoy the sun-filled back porch, perfect for morning coffee or evening entertaining, surrounded by thoughtfully curated native landscaping. Major systems have been updated for worry-free ownership, including a recently upgraded water heater, new HVAC system, and an impressive standing seam metal roof. Off-street parking completes the package. Move-in ready.

At $574/sqft, this home is priced 46% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

5508 Avenue G None #A, Austin, TX 78751

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Property Details

Price $475,000

Status Active Listing

Beds 2

Full Baths 1

Half Baths ,

Living Area 828 sqft

Lot Size 0.15 acres (6,320.56 sqft)

Year Built 1950

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Highlands

County Travis

Zip Code 78751

$/sqft $574/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT237515291

List Date June 25, 2026

Elementary School Reilly

Middle School Lamar (Austin ISD)

High School McCallum

School District ,

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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

1400 Westmoor Dr
Windsor Park $485,000 $466 3 bd / 2 ba 1,040 sqft , 2026-02-20

605 E 55th St #5
THE HIGHLANDS ADDITION $489,000 $600 2 bd / 3 ba 815 sqft , 2025-11-14

5102 Martin Ave #2
North Loop $499,000 $533 2 bd / 2 ba 936 sqft , 2026-07-17

605 E 55th St #4
THE HIGHLANDS ADDITION $450,000 $629 2 bd / 3 ba 715 sqft , 2025-11-14

5702 Duval St
Skyview Sec 03 $425,000 $412 2 bd / 1 ba 1,032 sqft , 2026-05-09

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

$2,280/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

$95,000

20% conventional investment loan

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

Estimated Gross Rent+$2,280

Principal + Interest−$2,592

Property Tax (~2.1% TX avg)−$831

Insurance (~0.5%)−$198

Est. Monthly Cash Flow $-1,341

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

About the Author

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 August 8, 2026.

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

5508 Avenue G None #A

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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