Active Listing  ·  6 days on market

808 Montopolis Dr

Austin, TX 78741
$675,000
4 Bed 2 Bath 2,044 sqft $330/sqft Built 1945 0.49 acres 2-Car Garage Pool Pitts

Back on the market & ready for your developers. Excellent opportunity to aquire this beautiful, mostly flat, just shy of half an acre lot in a delveloping & thriving Montopolis. Montopolis still offers excellent access to downtown, the Tesla complex as well as the airport, at an affordable price. Value is mostly in the land but the home can be a wonderful remodel project for those with imagination or a designer's eye. This is an estate sale so we do not have a seller's disclosure. Love the trails around Lady Bird Lake? Montopolis is just a few minutes from Lady Bird Lake plus Austin Community College & Riverside Golf Course are just around the corner. The original home, itself was built around the mid 1940s and has had several additions throughout the years. There are two living areas in the main house and an additional living area in the attached guest quarters where you'll find a separate bedroom. In the main house there is a formal dining area plus a really cute & cozy breakfast booth. This lot maybe a perfect candidate for a multi unit condo community - City has stated that as many as 6-8 units may fit on this lot - but of course you'll have to get with the City Development & Planning folks with your own plans. Please call Broker - Agustin Lara - for entry, gate & parking instructions.

At $330/sqft, this home is 16% 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

808 Montopolis Dr, Austin, TX 78741

Property Details

Price $675,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 2,044 sqft
Lot Size 0.49 acres (21,427.16 sqft)
Year Built 1945
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Pitts
County Travis
Zip Code 78741
$/sqft $330/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,553.76
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247160783
List Date September 17, 2026
Elementary School Allison
Middle School Martin
High School Eastside Early College
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
1709 Lawrence St #5
Park Place At Riverside Amd
$615,000 $305 3 bd / 3 ba 2,015 sqft , 2026-08-26
6205 Caddie St #1
Addie Condo
$550,000 $305 3 bd / 3 ba 1,801 sqft , 2026-05-02
1518 Frontier Valley Dr
Park East
$499,000 $249 3 bd / 3 ba 2,004 sqft , 2026-07-17
6809 Porter St #1
Chernosky
$475,000 $257 4 bd / 4 ba 1,845 sqft , 2026-06-23
6205 Caddie St #1 & 2
Addie Condo
$900,000 $361 5 bd / 4 ba 2,494 sqft , 2026-05-01

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
$3,240/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
$135,000
20% conventional investment loan

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

Estimated Gross Rent+$3,240
Principal + Interest−$3,684
Property Tax (~2.1% TX avg)−$1,181
Insurance (~0.5%)−$281
Est. Monthly Cash Flow $-1,906

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 18, 2026.

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