Active Listing  ·  144 days on market

933 E 51st St

Austin, TX 78751
$695,000
3 Bed 3 Bath 1,720 sqft $404/sqft Built 1940 0.18 acres 2-Car Garage Pool Ridgetop

This charming North Loop Bungalow also includes a detached Garage Apartment for Guests or Short Term Rental income, offering a standout opportunity to a savvy buyer for both lifestyle + investment with true Old Austin Character. Walk to Mueller and North Loop's hottest restaurants, bars and breweries like Lazarus, Home Slice and Kome! Set on a huge Oversized Lot, the Main Home features Two spacious Bedrooms and Two Full Baths, a large living space and Separately Fenced Backyard. The One Bed One Bath Garage Apartment has the perfect layout with a Spacious Bedroom, Open Living/ Kitchen, and a Separate Backyard + Patio to provide privacy for guests or tenants. Recent improvements to E 51st St added bike-friendly features and enhanced walkability, providing that quintessential North Loop feel. Schedule your showing today to tour this adorable slice of Old Austin history!

At $404/sqft, this home is priced 3% 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

933 E 51st St, Austin, TX 78751

Property Details

Price $695,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,720 sqft
Lot Size 0.18 acres (7,744.97 sqft)
Year Built 1940
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Ridgetop
County Travis
Zip Code 78751
$/sqft $404/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,254.19
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224614578
List Date April 1, 2026
Elementary School Ridgetop
Middle School Lamar (Austin ISD)
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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · April 1, 2026 $725,000
Previous ask $697,900
Current ask $695,000
Reduced $30,000 (-4.1%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
5815 Duval St
Skyview Sec 03
$695,000 $414 3 bd / 2 ba 1,678 sqft , 2026-07-24
4416 Berkman Dr #B
Mueller House Condo Ame
$700,000 $431 3 bd / 2 ba 1,625 sqft , 2026-04-30
108 E 46th St
Hyde Park Annex
$689,000 $374 3 bd / 3 ba 1,841 sqft , 2026-08-19
712 E 44th St #A
Caswell Place Condo
$714,900 $348 4 bd / 3 ba 2,052 sqft , 2026-06-02
400 W 51st St #A
400 & 402 West 51st Street Con
$675,000 $445 3 bd / 3 ba 1,516 sqft , 2026-05-11

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
$3,336/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
$139,000
20% conventional investment loan

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

Estimated Gross Rent+$3,336
Principal + Interest−$3,793
Property Tax (~2.1% TX avg)−$1,216
Insurance (~0.5%)−$290
Est. Monthly Cash Flow $-1,963

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 August 10, 2026.

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