Active Listing  ·  131 days on market

5609 Gloucester Ln

Austin, TX 78723
$320,000
3 Bed 1 Bath 1,329 sqft $241/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 $241/sqft, this home is 38% below the Austin active market average of $391/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 $320,000
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 $241/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 →

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
2918 Ranch Road 620 None N #L-173
Villas On Travis Condo Amd
$320,000 $276 2 bd / 2 ba 1,161 sqft , 2025-06-10
914 Hermitage Dr
Heritage Hills Sec 01
$320,000 $293 3 bd / 2 ba 1,092 sqft , 2025-07-03
10606 N Platt River Dr
Texas Oaks Sec 09
$320,000 $247 3 bd / 3 ba 1,293 sqft , 2026-05-21
6010 Waycross Dr
Flournoys Sweetbriar Sec 08
$320,000 $321 3 bd / 1 ba 996 sqft , 2026-06-12
11609 Domenico Cv
Cloverleaf
$320,000 $242 2 bd / 2 ba 1,320 sqft , 2026-07-03

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
$1,536/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
$64,000
20% conventional investment loan

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

Estimated Gross Rent+$1,536
Principal + Interest−$1,746
Property Tax (~2.1% TX avg)−$560
Insurance (~0.5%)−$133
Est. Monthly Cash Flow $-903

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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