Active Listing  ·  55 days on market

614 W 32nd St

Austin, TX 78705
$1,900,000
6 Bed 5 Bath 4,274 sqft $445/sqft Built 1901 0.33 acres Pool Gypsy Grove Sec B

Rare Central Austin opportunity in the Heritage neighborhood. Set on a large 14,500 SF corner lot, 614 W 32nd Street pairs early-1900s architectural character with the scale, setting, and flexibility seldom found this close to the University of Texas, Hyde Park, Shoal Creek, the Medical District, and Austin’s cultural core. Per TCAD, the residence offers 4,274 SF of living area, plus substantial first- and second-floor porches that give the home its unmistakable presence.

The main residence is ready for thoughtful renewal and offers a compelling foundation for a buyer drawn to preservation, design, and long-term value. Its distinctive two-level, double-gallery front porch, painted brick exterior, carved limestone base, limestone steps, wood sash windows, original wood floors, multiple fireplaces, and generous room proportions speak to the craftsmanship and grandeur of the period. Mature trees, deep setbacks, a pool, and alley access add to the estate-like setting and create a sense of privacy rarely available in such a central location.

The oversized lot provides meaningful room to expand, enhance the outdoor living experience, or further elevate an already remarkable property. An attached apartment adds even more flexibility, offering options for guests, multigenerational living, studio use, or potential income. The property’s layered ownership history includes ties to Austin’s early civic, legal, academic, and University of Texas communities, adding depth to an already memorable residence.

For buyers seeking architectural character, land, history, and optionality in one of Central Austin’s most connected neighborhoods, 614 W 32nd Street is a truly rare offering.

At $445/sqft, this home is priced 14% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

614 W 32nd St, Austin, TX 78705

Property Details

Price $1,900,000
Status Active Listing
Beds 6
Full Baths 5
Half Baths ,
Living Area 4,274 sqft
Lot Size 0.33 acres (14,501.12 sqft)
Year Built 1901
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Gypsy Grove Sec B
County Travis
Zip Code 78705
$/sqft $445/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $16,990
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226247024
List Date June 10, 2026
Elementary School Bryker Woods
Middle School O Henry
High School Austin
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
1005 Lakewood Hills Ter
Steiner Ranch Ph 01 Sec 7B
$1,899,999 $346 6 bd / 6 ba 5,485 sqft , 2026-05-26
9310 Summer Sky Dr
Hill Country Ph 02-A
$1,899,000 $474 5 bd / 5 ba 4,003 sqft , 2026-06-17
515 E 49th St
Grubb
$1,895,000 $418 5 bd / 4 ba 4,538 sqft , 2026-05-21
2007 Canterbury None #1
Driving Park Add
$1,890,000 $630 5 bd / 4 ba 3,000 sqft , 2026-06-18
10809 Albero Cv
Circle C Ranch Tr 8C Rep
$1,850,000 $417 5 bd / 6 ba 4,441 sqft , 2026-05-26

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
$9,120/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
$380,000
20% conventional investment loan

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

Estimated Gross Rent+$9,120
Principal + Interest−$10,369
Property Tax (~2.1% TX avg)−$3,325
Insurance (~0.5%)−$792
Est. Monthly Cash Flow $-5,366

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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