Active Listing  ·  19 days on market

811 E 45th St

Austin, TX 78751
$900,000
3 Bed 2 Bath 1,749 sqft $515/sqft Built 1940 0.23 acres 2-Car Garage Pool Ridgetop Annex

Welcome to a rare find in Central Austin: a 1940s home completely reimagined from the ground up, offering true turnkey living with exceptional upside. The foundation was fully replaced with new piers, beams, and blocks, backed by a transferable warranty. A new roof features Malarkey Legacy Class 4 impact-rated shingles, hand-nailed for durability. Electrical was fully rebuilt with a new panel, whole-house rewire, GFCI protection on every circuit, and new smoke alarms. Plumbing was modernized with upgraded water lines and drain lines replaced to code. All-new HVAC ductwork, freshly re-insulated attic, and Level 5 drywall and paint finish throughout, including the garage.

Both bathrooms are renovated, one with a premium Japanese bidet toilet, and the attached garage houses a custom sauna retreat with an Auroom Baia glass sauna and HUUM heater. Outside, enjoy a new deck with built-in firepit table, new privacy fencing with two gates, a dedicated parking pad and alley-access apron, and a completely reworked yard with bamboo removed and fresh sod and soil throughout. Big Chill oven and refrigerator included.

The 10,237 SF lot, well above the norm for this part of Central Austin, offers real upside for the next owner: room for a substantial addition, second story, ADU for rental income, or full redevelopment, subject to buyer's own due diligence on zoning and feasibility. Buyers also have the freedom to make the home their own with future cosmetic remodeling, all on a foundation that's already been fully addressed.

Located in the historic Hancock pocket just south of Hyde Park, this home offers the same tree-lined, walkable charm the area is known for. UT Austin is roughly a mile away, downtown under three miles, and the shops and restaurants of Hyde Park, North Loop, the Triangle, and Central Market are all minutes away, with easy access to the Domain and Q2 Stadium for Austin FC matches.

At $515/sqft, this home is priced 31% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

811 E 45th St, Austin, TX 78751

Property Details

Price $900,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,749 sqft
Lot Size 0.23 acres (10,236.6 sqft)
Year Built 1940
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Ridgetop Annex
County Travis
Zip Code 78751
$/sqft $515/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,522
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242283766
List Date August 5, 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.

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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
4408 Barrow Ave
Eichelberger Ruby
$904,500 $443 4 bd / 3 ba 2,044 sqft , 2026-07-09
1912 Antone St
Mueller Sec 04 Amd
$910,000 $388 4 bd / 3 ba 2,345 sqft , 2025-12-04
3500 Harmon Ave #7
Austin Modern Lofts Condos
$875,000 $429 3 bd / 4 ba 2,040 sqft , 2026-04-30
1002 Concordia Ave
East Ave
$850,000 $377 3 bd / 4 ba 2,253 sqft , 2026-07-15
4912 Avenue G None
Hyde Park
$850,000 $417 4 bd / 3 ba 2,036 sqft , 2026-08-05

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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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 August 9, 2026.

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