Active Listing  ·  21 days on market

6802 Columbia Dr

Austin, TX 78723
$390,000
3 Bed 2 Bath 1,299 sqft $300/sqft Built 1960 0.23 acres 2-Car Garage Pool University Hills Sec 01

Opportunity awaits in the highly desirable University Hills neighborhood, offering the perfect chance to renovate, reimagine, or create your dream home in one of East Austin's most established communities. Set among mature trees on a spacious lot, this property is ready for your personal updates while providing endless potential in a location that continues to grow in popularity. The generous backyard offers plenty of room for entertaining, gardening, or creating your own private outdoor retreat. University Hills is known for its quiet, tree-lined streets, established suburban feel, and larger homesites, all while being just minutes from the heart of Austin. This walkable, friendly, and especially dog-friendly neighborhood offers easy access to 183, 290, and I-35, making it simple to get around the city. Enjoy convenient access to downtown, major employers, Dell Children's Hospital, St. David's Medical Center, Mueller Park, shopping, dining, and entertainment. The home is in close proximity to coveted schools: Winn Montessori, Primrose School of Austin, and LASA- Liberal Arts and Science Academy. Whether you're an investor searching for your next project or a buyer looking to customize a home in an exceptional location, this property presents a rare opportunity to own in a neighborhood where charm, convenience, and long-term potential come together.

At $300/sqft, this home is 23% 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

6802 Columbia Dr, Austin, TX 78723

Property Details

Price $390,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,299 sqft
Lot Size 0.23 acres (9,983.95 sqft)
Year Built 1960
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision University Hills Sec 01
County Travis
Zip Code 78723
$/sqft $300/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,032.7
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241775954
List Date September 2, 2026
Elementary School Andrews
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
1704 Shelbourne Dr
Creekside
$395,000 $254 3 bd / 2 ba 1,556 sqft , 2026-02-17
6913 La Salle Dr
University Hills Sec 03 Ph 02
$399,900 $320 3 bd / 2 ba 1,251 sqft , 2026-09-17
7102 Providence Ave #2
BLACK A K SUBD NO 1
$375,000 $339 2 bd / 3 ba 1,106 sqft , 2026-01-17
7108 Meadowood Dr
Vintage Hills Sec 02
$375,000 $239 3 bd / 3 ba 1,568 sqft , 2026-08-21
1300 Mckie Dr #33
Legacy/St John Condos Bldg 11
$405,000 $307 2 bd / 3 ba 1,318 sqft , 2026-09-05

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
$1,872/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
$78,000
20% conventional investment loan

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

Estimated Gross Rent+$1,872
Principal + Interest−$2,128
Property Tax (~2.1% TX avg)−$683
Insurance (~0.5%)−$163
Est. Monthly Cash Flow $-1,102

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 September 12, 2026.

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