Active Listing  ·  145 days on market

904 Josephine St

Austin, TX 78704
$1,199,000
3 Bed 2 Bath 1,632 sqft $735/sqft Built 1939 0.16 acres 2-Car Garage Pool Okie Heights

Welcome to 904 Josephine Street, a classic bungalow in the heart of Austin's popular Zilker neighborhood. This 3-bedroom, 2-bathroom home offers vintage character, modern updates, and a prime location. The living room features hardwood floors, built-in shelves, and a decorative fireplace with patterned tile. Large windows let in plenty of natural light, making the space bright and inviting. The layout flows naturally into the dining space and kitchen, creating a comfortable area for relaxing or entertaining. The kitchen leads to the laundry room and large pantry, offering the potential for a remodel utilizing the large space. The primary bedroom is spacious and peaceful and includes an updated ensuite bathroom with double sinks, a walk-in shower, and modern fixtures. The second bedroom has French doors and large windows, making it suitable as a guest room, children’s room, or home office. The second floor offers flexibility for a home office, creative area, or extra sleeping space. The second bathroom features a pedestal sink and original blue tile flooring, that adds a touch of vintage style.The exterior of the home has great curb appeal and landscaped with drought tolerant plants. The fenced backyard is spacious, with plenty of room for a garden and a pool (buyer to verify). Other features include a screened-in front porch which provides a shaded area to relax, and a detached 2 car garage that offers parking and storage. HVAC replaced in 2024. Located in Zilker, this home is walking distance to Lamar Union Plaza with shopping, restaurants and the Alamo Drafthouse. In addition, the home is ideally situated to walk to all the SoLa favorites - Uchi, Odd Duck, Merit Coffee, The Gibson and more. Close to Zilker Park, Barton Springs Pool, Lady Bird Lake hike and bike trails, South Congress eats and shopping, and downtown Austin. This jewel box bungalow offers classic style, a modern layout, and a great location.

At $735/sqft, this home is priced 88% 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

904 Josephine St, Austin, TX 78704

Property Details

Price $1,199,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,632 sqft
Lot Size 0.16 acres (6,843.28 sqft)
Year Built 1939
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Okie Heights
County Travis
Zip Code 78704
$/sqft $735/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $17,575.34
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222334626
List Date March 12, 2026
Elementary School Zilker
Middle School O Henry
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
2209 S 1st St #403
Bouldin
$1,199,000 $741 3 bd / 3 ba 1,619 sqft , 2026-04-16
84 East Ave #3801
Rainey District
$1,199,000 $927 2 bd / 2 ba 1,293 sqft , 2026-07-30
3510 Tom Miller St #1
Mueller Sec 11 Sub
$1,199,900 $574 3 bd / 3 ba 2,090 sqft , 2026-06-19
40 Waller St
Lambies R C Resub Voss
$1,200,000 $826 4 bd / 2 ba 1,452 sqft , 2025-11-25
3309 Goodwin Ave #A
Division A
$1,200,000 $643 3 bd / 3 ba 1,865 sqft , 2026-03-13

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
$5,755/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
$239,800
20% conventional investment loan

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

Estimated Gross Rent+$5,755
Principal + Interest−$6,543
Property Tax (~2.1% TX avg)−$2,098
Insurance (~0.5%)−$500
Est. Monthly Cash Flow $-3,386

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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