Active Listing  ·  3 days on market

6504 Felix Ave

Austin, TX 78741
$200,000
3 Bed 1 Bath 1,295 sqft $154/sqft Built 1965 0.19 acres Pool Ojeda Felix G

Investor & developer opportunity in the rapidly growing Montopolis area! This property is being offered as a teardown, with the true value in the land and prime location. Perfect for builders, developers, or investors seeking their next project in a high-demand redevelopment zone. Ideally situated approximately 10 minutes from Austin-Bergstrom International Airport and just 15 minutes to downtown Austin, this location offers excellent proximity to major employment hubs, dining, entertainment, and key transportation routes. The surrounding area is experiencing significant growth with numerous new construction projects and redevelopment. Unlock the potential of this well-located lot and bring your vision to life!

At $154/sqft, this home is 61% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

6504 Felix Ave, Austin, TX 78741

Property Details

Price $200,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,295 sqft
Lot Size 0.19 acres (8,263.33 sqft)
Year Built 1965
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Ojeda Felix G
County Travis
Zip Code 78741
$/sqft $154/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $154.96
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236321234
List Date November 9, 2026
Elementary School Allison
Middle School Lively
High School Eastside Early College
School District Austin ISD

Austin ISD

Allison · Lively · Eastside Early College

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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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
6006 Palm Cir
Country Club Gardens Sec 04
$190,000 $167 3 bd / 2 ba 1,135 sqft , 2026-10-14
1212 Lily Ter #2
Country Club Gardens
$239,900 $220 2 bd / 3 ba 1,088 sqft , 2026-07-29
1201 Grove Blvd #702
Boulevard A Condo Amd
$239,900 $242 2 bd / 2 ba 993 sqft , 2026-09-01
6026 Bluebell Cir
Country Club Gardens Sec 07
$255,500 $276 3 bd / 1 ba 925 sqft , 2026-08-21
1101 Grove Blvd #306
Townhomes At Riverside Grove
$269,000 $222 2 bd / 3 ba 1,214 sqft , 2026-10-23

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
$960/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
$40,000
20% conventional investment loan

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

Estimated Gross Rent+$960
Principal + Interest−$1,091
Property Tax (assumed ~2.1%)−$350
Insurance (assumed ~0.5%)−$83
Est. Monthly Cash Flow $-564

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 · 41 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. The written content was last updated on November 10, 2026.

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

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