Active Listing  ·  37 days on market

702 E 45th 1/2 St

Austin, TX 78751
$650,000
2 Bed 1 Bath 1,269 sqft $512/sqft Built 1949 0.14 acres 2-Car Garage Pool Ridgetop Annex

* Please pardon the mess, sewer line replacement in progress Nov 9-12* Well loved Hyde Park area home ISO new owner to continue the legacy of love! Vintage charm has been preserved but home was thoughtfully updated with modern conveniences, including front porch addition, skylights in living room, standing seam metal awnings, custom vintage-look storm door, and lots of hidden updates like recent HVAC (2024), roof (2022), tankless water heater, replumbed gas lines. You will love the beautiful light-drenched sunroom at rear of home overlooking lush gardens. Convenient alley access and incredible location in highly walkable neighborhood, easy walk to Julio’s, Curra’s, Hyde Park Grill, H-E-B, community gardens.

At $512/sqft, this home is priced 31% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

702 E 45th 1/2 St, Austin, TX 78751

Property Details

Price $650,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 1,269 sqft
Lot Size 0.14 acres (6,303.13 sqft)
Year Built 1949
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Ridgetop Annex
County Travis
Zip Code 78751
$/sqft $512/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,225.01
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248505284
List Date October 6, 2026
Elementary School Lee
Middle School Kealing
High School McCallum
School District Austin ISD

Austin ISD

Lee · Kealing · McCallum

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 · October 6, 2026 $639,000
Previous ask $635,000
Current ask $650,000
▲ Increased $11,000 (+1.7%) 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
400 W 51 St #A
400 & 402 West 51st Street Con
$650,000 $429 3 bd / 3 ba 1,516 sqft , 2026-05-11
404 W North Loop Blvd #B
Northfield Add
$650,000 $431 3 bd / 3 ba 1,507 sqft , 2026-11-05
1001 E 39th St
Hancock
$645,000 $635 2 bd / 2 ba 1,016 sqft , 2026-09-10
5511 Avenue G None #1
Highlands
$725,000 $468 3 bd / 3 ba 1,550 sqft , 2026-08-11
943 E 52nd St
Ridgetop
$749,000 $444 3 bd / 3 ba 1,686 sqft , 2026-08-28

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
$3,120/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
$130,000
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (assumed ~2.1%)−$1,138
Insurance (assumed ~0.5%)−$271
Est. Monthly Cash Flow $-1,836

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 5, 2026.

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

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