About This Home

Calling all investors! Prime East Austin opportunity. Walking distance to the vibrant Mueller district and minutes from Highland, I-35, and downtown. This duplex features two units, each offering 2 bedrooms, 1 bath, and a carport. Full remodel needed inside and out a rare chance to capture equity in one of Austin's fastest-growing corridors. Sold as-is. Bring your vision! Buyer/buyer's agent to verify all information.

At $157/sqft, this home is 60% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2009 Wheless Ln, Austin, TX 78723

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $299,900

Status Active Listing

Beds ,

Full Baths ,

Half Baths ,

Living Area 1,907 sqft

Lot Size 0.16 acres (6,939.11 sqft)

Year Built 1968

Garage ,

Stories ,

Type Residential Income · Duplex

Subdivision Royal Oak Estates Sec 07

County Travis

Zip Code 78723

$/sqft $157/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $10,262.53

Pool ,

Waterfront ,

New Construction ,

MLS # ACT243973028

List Date August 20, 2026

Elementary School Harris

Middle School Pearce Middle

High School Eastside Early College

School District ,

Have Questions About This Property?

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 →

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

$1,440/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

$59,980

20% conventional investment loan

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

Estimated Gross Rent+$1,440

Principal + Interest−$1,637

Property Tax (~2.1% TX avg)−$525

Insurance (~0.5%)−$125

Est. Monthly Cash Flow $-847

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

About the Author

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 21, 2026.

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

2009 Wheless Ln

Location

Property Details

Rental Income Potential

Major Employers Near Austin, TX

More Luxury Homes in Austin

Explore Austin Real Estate