Active Listing  ·  50 days on market

81 WALLER St

Austin, TX 78702
$519,000
2 Bed 1 Bath 774 sqft $671/sqft Built 2024 0.14 acres Pool CANTERBURY SQUARE

Location! This cottage-style home offers significant potential for those looking to create something special with customized finishes and authentic architectural character.

As a free-standing home, it offers a special opportunity to explore possibilities in a premier neighborhood with spectacular downtown skyline views. Nestled on a corner lot, the property provides excellent investment potential in an established area.

The location delivers exceptional value, positioned just blocks from Rainey Street, vibrant downtown dining and entertainment scene, Lady Bird Lake, and popular Hike-n-Bike trails. The proximity to Austin's most desirable attractions creates the best of urban living.

This is a Fannie Mae HomePath property. Buyers, complete the HomePath Ready Buyer homeownership course on Homepath. Attach certificate to offer up to 3% closing cost assistance. Check HomePath for more details. Restrictions apply.

At $671/sqft, this home is priced 72% 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

81 WALLER St, Austin, TX 78702

Property Details

Price $519,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 774 sqft
Lot Size 0.14 acres (5,967.72 sqft)
Year Built 2024
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision CANTERBURY SQUARE
County Travis
Zip Code 78702
$/sqft $671/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,935.59
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236428458
List Date June 15, 2026
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.

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
1113 Lawson Ln
Rosewood Village
$519,000 $510 3 bd / 2 ba 1,018 sqft , 2026-06-21
360 Nueces St #2101
Residential Condo Amd 360
$519,000 $648 1 bd / 1 ba 801 sqft , 2026-07-22
48 East Ave #3005
Natiivo
$519,900 $736 1 bd / 1 ba 706 sqft , 2026-02-16
48 East Ave #1705
NATIIVO Zoppp Add
$520,000 $694 1 bd / 1 ba 749 sqft , 2025-04-04
2403 S 2nd St
Bouldin
$517,500 $924 2 bd / 1 ba 560 sqft , 2026-04-17

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
$2,491/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
$103,800
20% conventional investment loan

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

Estimated Gross Rent+$2,491
Principal + Interest−$2,832
Property Tax (~2.1% TX avg)−$908
Insurance (~0.5%)−$216
Est. Monthly Cash Flow $-1,465

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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