Active Listing  ·  22 days on market

1127 Hollow Creek Dr #A and B

Austin, TX 78704
$1,150,000
2,505 sqft $459/sqft Built 1978 0.17 acres 2-Car Garage Barton Hollow

Duplex in an unbeatable location! Just a short walk from Barton Springs and Zilker Park, 1127 Hollow Creek Dr offers a rare opportunity to own a duplex in one of Austin’s most sought-after areas. With easy access to Zilker, Barton Springs, Lady Bird Lake, downtown, and some of the city’s favorite restaurants, coffee shops, and outdoor spaces, the location is hard to beat.

The property features two separate 2-bedroom, 2-bath units, making it an especially versatile investment opportunity. Unit A has been successfully operated as an Airbnb, offering an established short-term rental setup and income history. Unit B is currently occupied by a long-term tenant on a month-to-month lease, giving the next owner flexibility from day one. The buyer can choose to continue the existing tenancy or provide 60 days’ notice to vacate if they prefer to occupy the unit, make updates, or explore short-term rental use on both sides.

Both units offer the functional layout and privacy of a true duplex. The two-unit configuration creates multiple possibilities for an investor, including short- and long-term rental strategies, living in one side while generating income from the other, or using the property as a flexible combination of personal and investment space.

With an established Airbnb history, a month-to-month tenant, two 2-bedroom/2-bath units, and a location within walking distance of Barton Springs and Zilker Park, this is a unique opportunity to own an income-producing property in the heart of one of Austin’s most desirable neighborhoods.

Airbnb listing and additional financial information available upon request.

At $459/sqft, this home is priced 17% 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

1127 Hollow Creek Dr #A and B, Austin, TX 78704

Property Details

Price $1,150,000
Status Active Listing
Beds ,
Full Baths ,
Half Baths ,
Living Area 2,505 sqft
Lot Size 0.17 acres (7,579.44 sqft)
Year Built 1978
Garage 2 spaces
Stories ,
Type Residential Income · Duplex
Subdivision Barton Hollow
County Travis
Zip Code 78704
$/sqft $459/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool ,
Waterfront ,
New Construction ,
MLS # ACT246527137
List Date September 16, 2026
Elementary School Barton Hills
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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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
$5,520/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
$230,000
20% conventional investment loan

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

Estimated Gross Rent+$5,520
Principal + Interest−$6,276
Property Tax (~2.1% TX avg)−$2,013
Insurance (~0.5%)−$479
Est. Monthly Cash Flow $-3,248

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 17, 2026.

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