Active Listing  ·  314 days on market

640 Tillery St

Austin, TX 78702
$1,795,000
3 Bed 2 Bath 3,000 sqft $598/sqft Built 2008 0.12 acres Pool Division A

An architectural statement in the heart of East Austin’s creative corridor, 640 Tillery Street presents a rare opportunity for investors, visionaries, and lifestyle brands to establish a meaningful presence in one of the city’s most culturally dynamic neighborhoods.

Recently occupied by a strong tenant delivering an attractive cap rate, the property is now vacant and available for immediate occupancy, offering both proven performance and the flexibility to bring a new concept to life.

Zoned CS-MU-CO-NP, this mixed-use asset seamlessly blends functionality with design. Originally conceived and built by an artist, the structure is a true expression of form and space, featuring soaring ceilings, expansive open interiors, and oversized glass doors that blur the line between indoor and outdoor environments.

Positioned on a wide, highly accessible street just moments from East 6th Street and César Chávez, the property is ideally suited for a flagship concept, whether a brand headquarters, creative studio, or hospitality-driven experience. Envision a coffee roastery paired with a design studio, a gallery-forward retail concept, or a wellness brand creating a destination rooted in authenticity.

With strong street presence, flexible layouts, and private landscaped grounds designed for gatherings, activations, or everyday use, the property invites both community engagement and brand storytelling.

Surrounded by some of Austin’s most celebrated coffee shops, galleries, breweries, and culinary destinations, 640 Tillery places you at the center of the city’s cultural momentum.

This is a rare opportunity to secure a design-forward live/work/flex property that captures the spirit - and the future - of East Austin.

At $598/sqft, this home is priced 52% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

640 Tillery St, Austin, TX 78702

Property Details

Price $1,795,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 3,000 sqft
Lot Size 0.12 acres (5,009.4 sqft)
Year Built 2008
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Division A
County Travis
Zip Code 78702
$/sqft $598/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,832
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT210411379
List Date November 12, 2025
Elementary School Brooke
Middle School Martin
High School Eastside 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 →

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 · November 12, 2025 $1,995,000
Previous ask $1,895,000
Current ask $1,795,000
Reduced $200,000 (-10.0%) 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
2302 E 11th St
Grandview Place
$1,659,000 $691 3 bd / 3 ba 2,400 sqft , 2026-08-20
3100 Garwood St
Chernosky 11
$1,970,000 $690 4 bd / 4 ba 2,856 sqft , 2026-02-26
2214 Garden St #2
Mildred Garden
$1,449,000 $575 4 bd / 4 ba 2,520 sqft , 2026-07-10
3210 Thompson None
Pecan Garden
$1,350,000 $588 4 bd / 4 ba 2,294 sqft , 2026-09-03
2005 E 8th St #1
Oil Mill
$2,250,000 $743 4 bd / 5 ba 3,027 sqft , 2026-02-27

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
$8,616/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
$359,000
20% conventional investment loan

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

Estimated Gross Rent+$8,616
Principal + Interest−$9,796
Property Tax (~2.1% TX avg)−$3,141
Insurance (~0.5%)−$748
Est. Monthly Cash Flow $-5,069

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 September 14, 2026.

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