About This Home

STARTER HOME ~ 3 BEDS & 1 BATH ~ 2 LIVING ROOMS ~ GALLEY STYLE KITCHEN ~ DINING ROOM OFF KITCHEN ~ 3 CAR GARAGE WITH LOTS OF STORAGE SPACES ~ WALK TO H E B & LOCAL RESTAURANTS AND CHURCH ~ CORNER LOT ~ MODERN CENTURY DESIGN SINCE NO UPDATES ~ HOME HAS BEEN IN THE FAMILY ONE OWNER SINCE THE 1950'S ~

At $175/sqft, this home is 23% below the Elgin active market average of $228/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

709 W 11TH St, Elgin, TX 78621

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $245,000

Status Active Listing

Beds 3

Full Baths 1

Half Baths ,

Living Area 1,400 sqft

Lot Size 0.37 acres (15,995.23 sqft)

Year Built 1953

Garage 3 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision SUNSET HEIGHTS

County Bastrop

Zip Code 78621

$/sqft $175/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT220481190

List Date February 26, 2026

Elementary School Elgin

Middle School Elgin

High School Elgin

School District Elgin ISD

School District

Elgin ISD

Elgin · Elgin · Elgin

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Elgin 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 Elgin

Comparable Listings Right Now

Homes currently for sale in Elgin 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

319 McClendon Dr
Elgin Meadows $249,990 $136 3 bd / 2 ba 1,834 sqft , 2026-10-29

210 LOESCH Dr
ELGIN MEADOWS $249,999 $154 3 bd / 2 ba 1,625 sqft , 2026-05-15

304 S Main St
ELGIN CITY 003 $250,000 $166 3 bd / 2 ba 1,510 sqft , 2025-12-12

205 Cavalry Trl
Shenandoah $252,000 $152 3 bd / 2 ba 1,663 sqft , 2026-05-01

423 Lucky Ave
Trinity Ranch $253,485 $183 3 bd / 2 ba 1,388 sqft , 2026-10-29

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

$1,176/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

$49,000

20% conventional investment loan

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

Estimated Gross Rent+$1,176

Principal + Interest−$1,337

Property Tax (assumed ~2.1%)−$429

Insurance (assumed ~0.5%)−$102

Est. Monthly Cash Flow $-692

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 Elgin, TX

Elgin 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

About the Author

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 June 16, 2026.

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

709 W 11TH St

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Elgin, TX

More Luxury Homes in Elgin

Explore Austin Real Estate

Save this home

Welcome back