Active Listing  ·  72 days on market

5704 Gloucester Ln #A

Austin, TX 78723
$375,000
3 Bed 2 Bath 1,422 sqft $264/sqft Built 1965 0.15 acres Pool 5704 Gloucester Condos

Motivated Seller! East Austin style without the upkeep—with a rare opportunity for added flexibility. This updated 3-bedroom, 2-bath home offers approximately 1,422 sq ft with a smart open-concept layout designed for modern living. The kitchen features quartz countertops, sleek finishes, and an easy flow into the dining and living spaces—perfect for both everyday life and entertaining.

The spacious primary suite provides a comfortable retreat, while thoughtful updates throughout make this home truly move-in ready. Enjoy added peace of mind with a roof replaced (April 2025) and a private backyard designed for low-maintenance living with xeriscaping and turf—ideal for relaxing, pets, entertaining, or simply enjoying more free time. Refrigerator, washer/dryer convey.

Minutes from Mueller, UT, Downtown Austin, local restaurants, coffee shops, parks, and the best of East Austin, this property offers a rare blend of style, convenience, flexibility, and easy ownership. Check out 3D Matterport: https://www.homes.com/property/5704-gloucester-lane-a-austin-tx-unit-a/g34wyltm3d4dk/

At $264/sqft, this home is 33% 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

5704 Gloucester Ln #A, Austin, TX 78723

Property Details

Price $375,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,422 sqft
Lot Size 0.15 acres (6,329.27 sqft)
Year Built 1965
Garage ,
Stories ,
Type Residential · Condominium
Subdivision 5704 Gloucester Condos
County Travis
Zip Code 78723
$/sqft $264/sqft
Days on Market ,
HOA $1,617/Annually
Annual Tax Est. $8,017
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235963464
List Date June 11, 2026
Elementary School Pecan Springs
Middle School Garcia
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.

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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 · June 11, 2026 $399,000
Current ask $375,000
Reduced $24,000 (-6.0%) 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
2604 Wheless Ln #1
2604 Wheless Ln Condo
$374,900 $266 2 bd / 3 ba 1,408 sqft , 2026-07-08
4913 Single Shot #A Cir
Fort View Hills Sec 01
$369,900 $306 3 bd / 2 ba 1,209 sqft , 2025-06-05
6601 Ashland Dr
Bluffs University Hills Sec 01
$365,000 $271 3 bd / 2 ba 1,349 sqft , 2026-07-28
6101 Adalee Ave
6101 Adalee Ave Condo
$389,000 $295 3 bd / 2 ba 1,317 sqft , 2026-06-18
4913 Single Shot #B Cir
Fort View Hills Sec 01
$389,900 $321 2 bd / 3 ba 1,215 sqft , 2026-01-14

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
$1,800/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
$75,000
20% conventional investment loan

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

Estimated Gross Rent+$1,800
Principal + Interest−$2,047
Property Tax (~2.1% TX avg)−$656
Insurance (~0.5%)−$156
Est. Monthly Cash Flow $-1,059

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 August 21, 2026.

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