About This Home

10,000 sqft lot in Allendale offer excellent schools, amenities and access to the best of Austin. Original 1950's home is ready to be replaced but the wonderful location stands ready for its next incarnation as a modern family home. Very easy commute against traffic down Mopac to Dell, Apple, IBM and Oracle plus walking distance to Gullet Elementary, Lamar Middle Scool and the recently refurbished Beverly Sheffield Park and pool.

At $323/sqft, this home is 18% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5910 Marilyn Dr, Austin, TX 78757

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Property Details

Price $485,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,502 sqft

Lot Size 0.24 acres (10,336.79 sqft)

Year Built 1959

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Allandale West Sec 04

County Travis

Zip Code 78757

$/sqft $323/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $10,600.75

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT230233127

List Date May 15, 2026

Elementary School Gullett

Middle School Lamar (Austin ISD)

High School McCallum

School District ,

Have Questions About This Property?

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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

5512 Oakwood Cv #162
Oakwood Hollow Condo Amd $450,000 $260 3 bd / 3 ba 1,729 sqft , 2026-08-28

4809 Westfield Dr
Highland Village Sec 02 Pt 02 $520,000 $394 3 bd / 2 ba 1,320 sqft , 2026-07-24

4907 W Market Dr
Highland Village Sec 02 Pt 03 $550,000 $430 3 bd / 1 ba 1,278 sqft , 2026-06-22

3607 Las Colinas Dr #B
Las Colinas Amd $399,900 $293 2 bd / 3 ba 1,365 sqft , 2026-04-23

6109 Bullard Dr #A
Lafayette Place Condo Amd $399,000 $257 3 bd / 3 ba 1,551 sqft , 2026-08-21

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

$2,328/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

$97,000

20% conventional investment loan

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

Estimated Gross Rent+$2,328

Principal + Interest−$2,647

Property Tax (~2.1% TX avg)−$849

Insurance (~0.5%)−$202

Est. Monthly Cash Flow $-1,370

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 →

Neighborhood Context

About Allandale

Allandale is North Central Austin's original family neighborhood - platted in the 1950s and shaped by decades of homeowners who chose it for its tree-lined streets, strong schools, and community identity. Bounded roughly by 45th Street to the south, Koenig Lane to the north, MoPac to the west, and Burnet Road to the east, it occupies one of Austin's most convenient locations.

The housing stock is predominantly 1950s to 60s brick ranch homes - modest footprints on generous lots, many with mature live oaks that took 60 years to grow. Renovated Allandale homes command significant premiums, while original-condition homes represent some of the last attainable entry points in North Central Austin. New custom construction is an increasing presence as teardown economics make sense at these lot values.

🍽️

Burnet Road Corridor

Allandale's eastern edge is lined with some of Austin's best independent restaurants, coffee shops, and bars. Uchi, Violet Crown Cinema, Foreign & Domestic, Epoch Coffee - all within walking distance of many Allandale addresses.

🌳

Mature Tree Canopy

Sixty years of live oak growth creates a canopy that makes Allandale feel noticeably cooler and quieter than newer Austin neighborhoods. The trees are a defining asset - and an Austin Heritage Tree protection means they're here to stay.

🏫

McCallum High School

McCallum is one of Austin ISD's most respected high schools - known for its Fine Arts Academy (one of the top performing arts magnet programs in Texas) and strong academics. It's a major draw for families with high school-age children.

🚶

Walkable Errands

Allandale residents walk to coffee, restaurants, a hardware store, and neighborhood shops on a regular basis. It's not a walk-everywhere neighborhood, but the Burnet Road corridor makes daily errands genuinely walkable from the eastern half of the neighborhood.

Full Allandale Guide →

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 July 27, 2026.

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

5910 Marilyn Dr