Active Listing  ·  156 days on market

906 E 43rd St

Austin, TX 78751
$649,000
3 Bed 3 Bath 1,661 sqft $391/sqft Built 1939 0.14 acres 2-Car Garage Pool Fairway Heights

Born in 1939 and better than ever, this Hyde Park/Hancock bungalow serves up vintage Austin charm, modern updates, and a location that does all the bragging for it. At 1,261 sq ft of light-drenched, large-windowed bungalow bliss — plus a 400 sq ft ADU finished in 2023 — this property is equal parts soul and strategy. The main house serves up 3 bedrooms and 2 full bathrooms, a renovated kitchen and hardwood floors. Step outside and you've got a front yard made for sitting under the trees and a back deck built for entertaining — fire up the grill, pack the hot tub, and make this your official pregame headquarters before the Longhorns kick off. There's also a driveway and garage, which in central Austin is practically a luxury amenity. Now let's talk about the ADU — the little building that could. Featuring 1 bedroom, a half bath, and its own separate entrance, this 2023-renovated gem is ready to be whatever you need: rental income machine, home office, art studio, yoga retreat, visiting family buffer zone, or the guest suite that finally makes you the most popular host in your friend group. Location? Oh, just casually walkable to everything Hyde Park and Hancock have to offer. Stroll to the Hancock Golf Course, H-E-B, grab tacos at your favorite local spot, or meander through the neighborhood parks. Hop on 45th to MoPac and you're Downtown in minutes. Mueller, Rainey Street, East Austin, and every major medical and tech employer are practically neighbors. For the investors in the room, this central location is about as dialed-in as it gets. Short-term, mid-term, corporate, medical travel — and don't even get us started on ACL, Formula 1, SXSW. Top-rated schools. No HOA. A neighborhood with original Austin character. A property that works as hard as you do — or harder, if you let the ADU do the heavy lifting.

At $391/sqft, this home is priced in line with the Austin market average of $391/sqft across 4,681 active listings. View Austin market report →

Location

906 E 43rd St, Austin, TX 78751

Property Details

Price $649,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,661 sqft
Lot Size 0.14 acres (6,002.57 sqft)
Year Built 1939
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Fairway Heights
County Travis
Zip Code 78751
$/sqft $391/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220861253
List Date March 20, 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
708 Keasbey St
Ridgetop Annex
$625,000 $534 3 bd / 2 ba 1,170 sqft , 2026-08-13
1011 E 38th 1/2 St
Plainview Heights
$615,000 $434 3 bd / 2 ba 1,418 sqft , 2026-08-06
1202 Norwood Rd
Delwood Sec 02
$610,000 $327 3 bd / 2 ba 1,866 sqft , 2026-06-18
108 E 46th St
Hyde Park Annex
$689,000 $374 3 bd / 3 ba 1,841 sqft , 2026-08-19
933 E 51st St
Ridgetop
$695,000 $404 3 bd / 3 ba 1,720 sqft , 2026-04-01

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
$3,115/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
$129,800
20% conventional investment loan

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

Estimated Gross Rent+$3,115
Principal + Interest−$3,542
Property Tax (~2.1% TX avg)−$1,136
Insurance (~0.5%)−$270
Est. Monthly Cash Flow $-1,833

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 July 24, 2026.

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