Active Listing  ·  182 days on market

6302 Thurgood Ave

Austin, TX 78721
$340,000
3 Bed 1 Bath 1,262 sqft $269/sqft Built 1970 0.36 acres Pool Johnston Terrace Sec 02

UPDATED EAST AUSTIN HOME FEATURING 0.35 ACRE LOT / PRE-FORECLOSURE / SHORT SALE OPPORTUNITY with HUGE backyard backing to the Boggy Creek greenbelt with direct access to the Walnut Creek Trail—offering a private, serene natural setting just minutes from downtown.

This move-in-ready 3-bed, 1-bath home offers two spacious living areas, including a flexible second living space with a separate entrance—ideal for a home office, studio, or bonus room. Updates completed within the past five years include the kitchen, bathroom, flooring, windows, electrical lines and panels, and water supply lines. Additional 2025 improvements include a brand-new roof, new water heater, HVAC motor replacement, a renovated laundry room, and new PVC drain lines under the home to the cleanout.

The expansive backyard includes a raised deck, storage shed, partially fenced area, and a steel-frame vehicle gate—perfect for RV or boat access and storage. The kitchen features butcher-block countertops, glass-front upper cabinets, a tiled backsplash, and a farmhouse sink.

Prime location: less than one minute to US-183, approximately 6 minutes to Austin-Bergstrom International Airport, 10 minutes to Downtown Austin, and walking distance to Austin Liberal Arts and Sciences Academy.

At $269/sqft, this home is 31% 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

6302 Thurgood Ave, Austin, TX 78721

Property Details

Price $340,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,262 sqft
Lot Size 0.36 acres (15,594.48 sqft)
Year Built 1970
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Johnston Terrace Sec 02
County Travis
Zip Code 78721
$/sqft $269/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,050
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT218152435
List Date February 3, 2026
Elementary School Govalle
Middle School Martin
High School Liberal Arts and Science Academy (LASA)
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 · February 3, 2026 $415,000
Previous ask $400,000
Current ask $340,000
Reduced $75,000 (-18.1%) 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
808 Minturn Ln
Buckingham Estates Ph 04 Sec B
$340,000 $279 3 bd / 2 ba 1,219 sqft , 2026-03-06
9201 Brodie Ln #403
Brodie Heights Condo Amd
$340,000 $202 3 bd / 3 ba 1,687 sqft , 2026-06-26
8004 Linda Michelle Ln
Parker Station
$339,999 $251 3 bd / 2 ba 1,356 sqft , 2026-07-13
4617 Lava Island Dr
Cascades at Onion Creek
$339,990 $207 3 bd / 2 ba 1,640 sqft , 2026-03-12
11909 Murano Dr
Cloverleaf
$339,990 $245 3 bd / 2 ba 1,388 sqft , 2026-06-01

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
$1,632/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
$68,000
20% conventional investment loan

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

Estimated Gross Rent+$1,632
Principal + Interest−$1,856
Property Tax (~2.1% TX avg)−$595
Insurance (~0.5%)−$142
Est. Monthly Cash Flow $-961

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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