Active Listing  ·  261 days on market

808 Spence St #A&B

Austin, TX 78702
$900,000
4 Bed 5 Bath 1,534 sqft $587/sqft Built 2016 0.14 acres Pool M K & T

TWO houses on one large corner lot with with alley access, and space to add on to the front house plus build a 3rd unit. Front house approximately 701sqft. Back unit approximately 1150 plus closed in garage and terrace another approximately 400sqft. All in the immediate area of Austin's Business District and Entertainment District of Rainey District,6th st, West 6th, SOCO, ALL of UT Stadium's, Franklin BBQ, East Cesar District, Historical Rosewood, 10 mile jogging trail at Lady Bird Lake, famous Bass fishing at lady Bird Lake, ALL of The Longhorns stadium's, Moody Center, and of course all of our State Govt buildings near our State Of Texas Capitol. My wife and I have enjoyed this location for 26yrs. Living here has kept us looking and feeling young. To live here, it's truly a Lifestyle one can feel as if you're on vacation Thursday-Sunday. It's the true meaning of Staycation. We both share one car living near all the fun. We've said it many times, we don't need a car here. I take short Uber rides everywhere in 78701 and 78702 or simply walk to business or fun. Our front unit is an active and very successful Airbnb, it's in the top 5% of all Airbnb. I will pass my successful platform to you and I can stay on as an Airbnb Coach for 30 days. The back unit, is where we stay. Come here and reverse your age. Or make it a safe investment on Airbnb. Front house is all original but updated as a 2bed 2 full baths. The backhouse is 2beds 2 full baths & 1/2 bath with an Entertaining terrace on the 3rd level. I can send links to you, with photos posted on Airbnb

At $587/sqft, this home is priced 50% 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

808 Spence St #A&B, Austin, TX 78702

Property Details

Price $900,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 1,534 sqft
Lot Size 0.14 acres (6,272.64 sqft)
Year Built 2016
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision M K & T
County Travis
Zip Code 78702
$/sqft $587/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT205719473
List Date November 16, 2025
Elementary School Sanchez
Middle School Martin
High School Austin
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
3606 Wilson St
Cherry Hills
$900,000 $472 4 bd / 2 ba 1,906 sqft , 2026-03-13
411 W Live Oak St
Sheltons
$900,000 $506 3 bd / 2 ba 1,780 sqft , 2026-05-15
309 Franklin Blvd #2
Northfield Add
$900,000 $457 3 bd / 4 ba 1,971 sqft , 2026-03-24
3309 Larry Ln #2
Cherrywood
$899,990 $568 3 bd / 3 ba 1,584 sqft , 2026-07-23
2505 Bluebonnet Ave #12
Del Curto
$899,900 $459 3 bd / 3 ba 1,959 sqft , 2026-07-09

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
$4,320/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
$180,000
20% conventional investment loan

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

Estimated Gross Rent+$4,320
Principal + Interest−$4,912
Property Tax (~2.1% TX avg)−$1,575
Insurance (~0.5%)−$375
Est. Monthly Cash Flow $-2,542

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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