Active Listing  ·  50 days on market

935 Olive St

Austin, TX 78702
$525,000
2 Bed 1 Bath 832 sqft $631/sqft Built 1976 0.13 acres Pool Division B

Attention developers, builders, and investors! Exceptional opportunity to build in one of East Austin’s most sought-after redevelopment corridors. This prime corner lot offers endless potential to create a stunning custom home or investment property surrounded by luxury new construction and continued neighborhood growth. Ideally located just minutes from Downtown Austin, Lady Bird Lake, East 6th Street, Plaza Saltillo, and the hike-and-bike trails, you’ll enjoy easy access to some of Austin’s favorite destinations, including Dear Diary Coffee, Fleet Coffee, Juiceland, Veracruz All Natural, Lazarus Brewing, Suerte, Bufalina, and local shopping at H-E-B and Target. Experience the best of East Austin with nearby parks, live music, acclaimed restaurants, and vibrant nightlife, all while investing in one of the city’s most desirable and rapidly appreciating neighborhoods. Don’t miss this rare opportunity to bring your vision to life in an unbeatable location.

At $631/sqft, this home is priced 61% 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

935 Olive St, Austin, TX 78702

Property Details

Price $525,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 832 sqft
Lot Size 0.13 acres (5,749.92 sqft)
Year Built 1976
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Division B
County Travis
Zip Code 78702
$/sqft $631/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,811.48
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242143478
List Date August 3, 2026
Elementary School Blackshear
Middle School Kealing
High School Eastside Early College
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
1117 Lawson Ln #2
Rosewood Village Sec 11
$524,995 $483 2 bd / 2 ba 1,086 sqft , 2025-06-06
48 East Ave #1705
NATIIVO Zoppp Add
$520,000 $694 1 bd / 1 ba 749 sqft , 2025-04-04
84 East Ave #3308
Vesper Condominium Community
$515,000 $772 1 bd / 1 ba 667 sqft , 2026-08-09
48 East Ave #2405
Natiivo
$535,000 $758 1 bd / 1 ba 706 sqft , 2026-01-16
54 Rainey St #PH20
Milago Condo Amd
$509,000 $638 1 bd / 1 ba 798 sqft , 2026-08-22

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
$2,520/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
$105,000
20% conventional investment loan

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

Estimated Gross Rent+$2,520
Principal + Interest−$2,865
Property Tax (~2.1% TX avg)−$919
Insurance (~0.5%)−$219
Est. Monthly Cash Flow $-1,483

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 5, 2026.

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