Active Listing  ·  181 days on market

5609 Gloucester Ln

Austin, TX 78723
$279,000
3 Bed 1 Bath 1,329 sqft $210/sqft Built 1962 0.21 acres Pool Windsor Park Hills Sec 01

Priced to SELL!!! Investor opportunity in the heart of Austin. This 3 bedroom, 1 bathroom home offers 1,329 square feet on a spacious 0.21 acre lot in the established Windsor Park Hills neighborhood. Built in 1962, the property features a single story layout with the primary bedroom on the main level, laminate and tile flooring throughout with no carpet, and a functional floorplan ready for updates.

The kitchen includes a gas cooktop and opens to the main living area. Outside, the oversized lot features mature trees and plenty of room for outdoor improvements or expansion. HardiPlank exterior, central heating and air, and public water and sewer already in place.

Conveniently located just minutes from downtown Austin, major employers, dining, and entertainment. Great opportunity for investors, flippers, or buyers looking to renovate and add value.

Vacant and easy to show.

At $210/sqft, this home is 46% 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

5609 Gloucester Ln, Austin, TX 78723

Property Details

Price $279,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,329 sqft
Lot Size 0.21 acres (9,051.77 sqft)
Year Built 1962
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Windsor Park Hills Sec 01
County Travis
Zip Code 78723
$/sqft $210/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,295.32
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223847904
List Date March 26, 2026
Elementary School Pecan Springs
Middle School Martin
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.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · March 26, 2026 $259,000
Previous ask $299,000
Current ask $279,000
Increased $20,000 (+7.7%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
6413 Chimney Creek Cir #A1
Chimney Creek Condo
$280,000 $226 3 bd / 3 ba 1,239 sqft , 2026-07-30
6211 Manor Rd #105
Manor Twnhms
$280,000 $276 2 bd / 2 ba 1,016 sqft , 2026-07-30
6406 Chimney Creek Cir #A
Chimney Creek Condo
$285,000 $230 3 bd / 3 ba 1,239 sqft , 2026-07-02
4801 Springdale Rd #2309
Gravity ATX Condos
$299,900 $291 2 bd / 2 ba 1,031 sqft , 2026-08-06
6211 Manor Rd #107
Manor Twnhms
$299,999 $253 2 bd / 2 ba 1,188 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
$1,339/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
$55,800
20% conventional investment loan

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

Estimated Gross Rent+$1,339
Principal + Interest−$1,523
Property Tax (~2.1% TX avg)−$488
Insurance (~0.5%)−$116
Est. Monthly Cash Flow $-788

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 2, 2026.

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