Active Listing  ·  36 days on market

901 S 23rd St

Temple, TX 76504
$219,999
2 Bed 2 Bath 1,072 sqft $205/sqft Built 1923 0.12 acres Pool Freeman Heights

Set on an oversized corner lot just minutes from downtown Temple, this fully renovated property offers space, flexibility, and a location that's hard to beat. The main home has been remodeled throughout - updated and move in ready, with no projects left for the next owner. A second structure on the property adds versatility, whether you're looking for room for extended family, a home office, a studio, or an additional income potential down the road.

The generous lot leaves plenty of room to spread out, with established landscaping and shade.

Convenient to shopping, dining, the downtown Temple district, and areas hospitals and medical facilities, with easy access to major routes, A rare combination of lot size, thoughtful updates, and flexible layout - Schedule your showing today.

At $205/sqft, this home is priced 21% above the Temple active market average of $169/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

901 S 23rd St, Temple, TX 76504

Property Details

Price $219,999
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,072 sqft
Lot Size 0.12 acres (5,405.8 sqft)
Year Built 1923
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Freeman Heights
County Bell
Zip Code 76504
$/sqft $205/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $3,524.81
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247003198
List Date September 16, 2026
Elementary School Scott
Middle School Travis
High School Temple
School District ,

Luke Allen (TREC #788149) has deep knowledge of Temple 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 Temple

Comparable Listings Right Now

Homes currently for sale in Temple 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
109 N 11th St
Moores Add
$214,900 $174 2 bd / 1 ba 1,232 sqft , 2026-10-16
1121 S 23rd St
Tal-Coe Place
$199,640 $155 3 bd / 2 ba 1,288 sqft , 2026-09-22
1818 S 39th St
Dubose Add Ext Blk
$162,000 $156 2 bd / 1 ba 1,038 sqft , 2026-06-06

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
$1,056/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
$44,000
20% conventional investment loan

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

Estimated Gross Rent+$1,056
Principal + Interest−$1,201
Property Tax (~2.1% TX avg)−$385
Insurance (~0.5%)−$92
Est. Monthly Cash Flow $-622

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 Temple, TX

Temple 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 28, 2026.

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