Active Listing  ·  42 days on market

703 E 45th 1/2 St

Austin, TX 78751
$670,000
2 Bed 1 Bath 960 sqft $698/sqft Built 1925 0.14 acres Pool Ridgetop Annex

703 E 45 1/2 is a 1925 bungalow on a full lot in Hyde Park, with the kind of personality that only comes with a hundred years.

The original details are still here: wood floors, trim work, and classic proportions, with a front porch meant for saying hello to the neighbors. At 960 square feet, the floor plan is a spacious primary, additional bedroom, one bathroom, and a utility room that’s punching above it's weight. The yard has mature trees and layered outdoor character you can't manufacture.

The lot is the other key detail here: full size, alley access, options. Live in it as-is or add on when the timing is right for you.

The neighborhood's full of your favorite third places that quietly become essentials throughout your day. Allday Pizza, Antonelli’s, Julio's, First Light Books—they feel like they've always belonged there, whether they opened last year or forty years ago. Shipe Park anchors it all — two acres with a seasonal pool, tennis and basketball courts, shaded playgrounds, and a 1930s log cabin that's original to the park.

Hyde Park opportunities with this configuration and location don't often come back around.

At $698/sqft, this home is priced 79% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

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

Property Details

Price $670,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 960 sqft
Lot Size 0.14 acres (6,263.93 sqft)
Year Built 1925
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Ridgetop Annex
County Travis
Zip Code 78751
$/sqft $698/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,771.31
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235431404
List Date June 23, 2026
Elementary School Lee
Middle School Kealing
High School McCallum
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.

Schedule a Call →

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
48 East Ave #2108
Natiivo
$675,000 $841 1 bd / 1 ba 803 sqft , 2026-03-25
1900 Barton Springs Rd #5027
ZILKR ON THE PARK CONDOMINIUMS
$675,000 $662 2 bd / 2 ba 1,019 sqft , 2024-07-18
1604 Haskell St #2
Tobin Resub Riverside
$675,000 $627 2 bd / 2 ba 1,077 sqft , 2026-05-26
206 E 43rd St
Hyde Park Add 01
$675,000 $870 2 bd / 1 ba 776 sqft , 2026-06-19
1000 Liberty Park Dr #208
Liberty Park Condo Amd
$675,000 $567 2 bd / 2 ba 1,191 sqft , 2026-07-14

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
$3,216/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
$134,000
20% conventional investment loan

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

Estimated Gross Rent+$3,216
Principal + Interest−$3,656
Property Tax (~2.1% TX avg)−$1,173
Insurance (~0.5%)−$279
Est. Monthly Cash Flow $-1,892

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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