Active Listing  ·  19 days on market

907 E 3rd St

Austin, TX 78702
$1,200,000
3 Bed 3 Bath 1,612 sqft $744/sqft Built 1900 0.17 acres Pool Harrington

PRIME EAST AUSTIN opportunity just minutes from Downtown! 907 E 3rd delivers the location, character, and flexibility buyers are looking for in one of Austin’s most desirable urban neighborhoods.

The main residence features a 2-bedroom, 2-bath layout, complemented by a detached rear ADU with its own full bathroom—an incredibly versatile space that can function as a private guest suite, home office, creative studio, fitness space, or additional retreat.

Currently operated as a short-term rental, the property offers an opportunity to acquire an established East Austin property with historical STR performance available upon request. All or substantially all furnishings may also be available with the sale, creating the potential for a streamlined, turnkey transition.

Step outside and enjoy everything that makes East Austin one of the city’s most sought-after destinations—Downtown Austin, Lady Bird Lake, restaurants, coffee shops, nightlife, entertainment, and some of Austin’s best local experiences are all just minutes away.

Rear alley access and dedicated parking add another major convenience this close to the urban core.

Whether you’re looking for a primary residence with a separate guest space, an urban Austin retreat, or an investment opportunity in a premier location, 907 E 3rd offers a combination of location and versatility that is increasingly difficult to replicate.

Own your piece of East Austin—schedule a private showing today.

At $744/sqft, this home is priced 90% 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

907 E 3rd St, Austin, TX 78702

Property Details

Price $1,200,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,612 sqft
Lot Size 0.17 acres (7,396.49 sqft)
Year Built 1900
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Harrington
County Travis
Zip Code 78702
$/sqft $744/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,128.55
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245694405
List Date September 3, 2026
Elementary School Zavala
Middle School Martin
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.

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
40 Waller St
Lambies R C Resub Voss
$1,200,000 $826 4 bd / 2 ba 1,452 sqft , 2025-11-25
610 Davis St #2205
Modern Austin
$1,199,999 $1,065 2 bd / 2 ba 1,127 sqft , 2026-09-03
210 Lavaca St #1902
Condo
$1,195,000 $1,022 2 bd / 2 ba 1,169 sqft , 2026-09-15
501 West Ave #1504
5th and West
$1,215,000 $916 2 bd / 2 ba 1,327 sqft , 2026-09-15
610 Davis St #2408
Modern Austin
$1,235,000 $1,052 2 bd / 2 ba 1,174 sqft , 2026-08-18

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
$5,760/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
$240,000
20% conventional investment loan

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

Estimated Gross Rent+$5,760
Principal + Interest−$6,549
Property Tax (~2.1% TX avg)−$2,100
Insurance (~0.5%)−$500
Est. Monthly Cash Flow $-3,389

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 September 12, 2026.

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