Active Listing  ·  25 days on market

6601 Ashland Dr

Austin, TX 78723
$365,000
3 Bed 2 Bath 1,349 sqft $271/sqft Built 1971 0.22 acres 2-Car Garage Pool Bluffs University Hills Sec 01

Set on a corner lot in University Hills, this three bedroom, two bath home pairs recent updates with the kind of mature landscape that takes decades to grow in. Majestic oaks shade the property, and native plantings keep the yard water wise and low maintenance through an Austin summer. The backyard is private and generous, with room to build on down the road and ADU potential worth exploring. A storage shed with power sits out back and stays with the home. Inside, the plan opens across the kitchen, living, and dining areas, so the square footage lives larger than the number suggests. Wood beams complement the vaulted ceiling in the living room and give the main gathering space warmth and architectural character you do not find in newer construction at this price. Updated windows bring in natural light while helping with comfort and utility costs year round. The kitchen has been reworked with recent cabinetry, appliances, a range hood, and butcher block countertops, a combination that reads current without feeling cold. The dishwasher is panel covered and disappears into the cabinet run, a small detail that keeps the kitchen looking built in rather than assembled. Both bathrooms have been updated with tile, sinks, and vanities. Fresh interior paint went on in July 2026, so the home is ready to move into rather than a project waiting on you. A two car garage adds covered parking and everyday storage. Per TCAD, the lot measures .216 acres with 1,349 square feet of living space. Location is the quiet advantage here. Hwy 183 and the 183 Toll are right there, which turns a cross town commute into a straight shot, whether the office is downtown, in the Domain, out toward the airport, or anywhere in between. Mueller, Bartholomew District Park, Morris Williams Golf Course, and the restaurants along Manor Road are all minutes away. Corner lots this size, with mature tree cover, updates already handled, and access like this, do not come up often in University Hills.

At $271/sqft, this home is 31% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

6601 Ashland Dr, Austin, TX 78723

Property Details

Price $365,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,349 sqft
Lot Size 0.22 acres (9,404.6 sqft)
Year Built 1971
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Bluffs University Hills Sec 01
County Travis
Zip Code 78723
$/sqft $271/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,523.41
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241305610
List Date July 28, 2026
Elementary School Winn
Middle School Bertha Sadler Means
High School Lyndon B Johnson (Austin ISD)
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.

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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
2604 Wheless Ln #1
2604 Wheless Ln Condo
$374,900 $266 2 bd / 3 ba 1,408 sqft , 2026-07-08
5704 Gloucester Ln #A
5704 Gloucester Condos
$375,000 $264 3 bd / 2 ba 1,422 sqft , 2026-06-11
5012 Magari Path
Chapman Estates
$375,000 $251 3 bd / 2 ba 1,495 sqft , 2026-07-24
7108 Meadowood Dr
Vintage Hills Sec 02
$375,000 $239 3 bd / 3 ba 1,568 sqft , 2026-08-21
6101 Adalee Ave
6101 Adalee Ave Condo
$389,000 $295 3 bd / 2 ba 1,317 sqft , 2026-06-18

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
$1,752/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
$73,000
20% conventional investment loan

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

Estimated Gross Rent+$1,752
Principal + Interest−$1,992
Property Tax (~2.1% TX avg)−$639
Insurance (~0.5%)−$152
Est. Monthly Cash Flow $-1,031

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 · 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 August 17, 2026.

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