Active Listing  ·  148 days on market

8501 Kromer St

Austin, TX 78757
$379,900
3 Bed 2 Bath 1,525 sqft $249/sqft Built 1960 0.19 acres Pool Wooten Park Sec 04

Significant price improvement! Welcome to 8501 Kromer Street — 3-bedroom, 2-bath home set on a large, flat lot with mature trees in an established Austin neighborhood. Recent improvements include a new roof, full interior and exterior paint, new carpet, new flooring in the game room and laundry, and major electrical upgrades with new service and sub-panels—offering both style and peace of mind.

Inside, you’ll find durable wood laminate flooring, a warm wood kitchen with gas cooktop, and built-in cabinetry that adds character and functionality to the living space. Two spacious living areas plus a separate game room—currently staged with arcade games—provide flexible space for everyday living and entertaining.

The backyard offers room to relax and play, complete with a storage shed for added convenience.

Lovingly held in the same family for generations, this home carries a sense of history and care that’s hard to find. Now, it’s ready for its next owner to make it home.

At $249/sqft, this home is 36% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

8501 Kromer St, Austin, TX 78757

Property Details

Price $379,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,525 sqft
Lot Size 0.19 acres (8,254.62 sqft)
Year Built 1960
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Wooten Park Sec 04
County Travis
Zip Code 78757
$/sqft $249/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,794.54
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222682275
List Date March 19, 2026
Elementary School Wooten
Middle School Burnet (Austin ISD)
High School Navarro 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.

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
8602 Colonial Dr
Wooten Village Sec 06
$375,000 $247 4 bd / 2 ba 1,518 sqft , 2026-05-15
1103 Chesapeake Dr
Jamestown Sec 02
$384,900 $289 3 bd / 2 ba 1,332 sqft , 2026-06-05
8801 Redfield Ln
Wooten Village Sec 04
$385,000 $329 3 bd / 1 ba 1,170 sqft , 2026-07-07
8311 Briarwood Ln
Northtowne Sec 01
$398,000 $288 3 bd / 2 ba 1,383 sqft , 2026-06-23
9505 Quail Ct
Quail Creek West Ph 02 Sec 03
$359,900 $317 3 bd / 2 ba 1,134 sqft , 2026-08-11

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
$1,824/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
$75,980
20% conventional investment loan

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

Estimated Gross Rent+$1,824
Principal + Interest−$2,073
Property Tax (~2.1% TX avg)−$665
Insurance (~0.5%)−$158
Est. Monthly Cash Flow $-1,072

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 July 15, 2026.

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