Active Listing  ·  52 days on market

6905 Tulane Dr

Austin, TX 78723
$499,000
3 Bed 2 Bath 1,548 sqft $322/sqft Built 1966 0.17 acres 2-Car Garage Pool Riverbend Sec 03c At University Hills

Single-story living in University Hills, one of Austin's best-positioned neighborhoods. You're minutes from Mueller's shops, restaurants, and farmers market, with The Linc right around the corner and quick access to both 290 and 183. This 3-bed, 2-bath home offers an open layout that actually flows: living, dining, and kitchen connect without wasted space, and the bedrooms are tucked away for quiet. The kitchen comes ready to work with an electric oven and generous prep space. Out back, a 0.17-acre lot gives you real yard. Plenty of room for a garden, dogs, a fire pit, or the covered patio you've been sketching in your head. All the energy of Mueller and central Austin, without the price tag to match.

At $322/sqft, this home is 18% 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

6905 Tulane Dr, Austin, TX 78723

Property Details

Price $499,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,548 sqft
Lot Size 0.17 acres (7,318.08 sqft)
Year Built 1966
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Riverbend Sec 03c At University Hills
County Travis
Zip Code 78723
$/sqft $322/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,192
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238158884
List Date July 1, 2026
Elementary School Winn
Middle School Webb
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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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 · July 1, 2026 $519,000
Current ask $499,000
Reduced $20,000 (-3.9%) 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
7402 Bucknell Dr
University Hills Sec 04 Ph 03
$499,500 $301 4 bd / 2 ba 1,660 sqft , 2026-02-27
5503 Manor Rd
Manor Hill Sec 02
$500,000 $242 3 bd / 2 ba 2,063 sqft , 2026-04-10
1708 Raven Dr
Creekside
$500,000 $253 4 bd / 3 ba 1,980 sqft , 2026-06-18
2720 Bristol Dr #2
Highlands/University Hills Sec
$510,000 $364 3 bd / 3 ba 1,400 sqft , 2026-08-06
7404 Gunnison Pass
Las Cimas Sec 01
$485,000 $325 4 bd / 3 ba 1,494 sqft , 2026-07-31

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
$2,395/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
$99,800
20% conventional investment loan

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

Estimated Gross Rent+$2,395
Principal + Interest−$2,723
Property Tax (~2.1% TX avg)−$873
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,409

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 July 31, 2026.

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