Active Listing  ·  7 days on market

2017 E 8th St

Austin, TX 78702
$989,000
0.27 acres Morse Fred C

East 8th is one of the hottest corridors in East Austin right now. This is prime real estate in 78702—minutes from downtown, surrounded by new development and strong builder activity. Both adjacent lots are being offered together for $989,000 total. Combined, the properties offer approximately 0.27 acres with 92 feet of East 8th Street frontage. The seller may also consider separate sales for the right buyer. This is a rare opportunity to acquire a larger site in one of East Austin’s most active and sought-after areas. City water and sewer are in place, the properties are located in Flood Zone X, and zoning has been confirmed for residential development. Whether you’re a builder, developer, or investor looking for a strategic East Austin opportunity, this assemblage offers location, frontage, and development potential in a corridor where larger sites rarely become available.

Location

2017 E 8th St, Austin, TX 78702

Property Details

Price $989,000
Status Active Listing
Beds ,
Full Baths ,
Half Baths ,
Living Area ,
Lot Size 0.27 acres (11,761.2 sqft)
Year Built ,
Garage ,
Stories ,
Type Land · Multiple Lots (Adjacent)
Subdivision Morse Fred C
County Travis
Zip Code 78702
$/sqft ,
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,414.16
Pool ,
Waterfront ,
New Construction ,
MLS # ACT241483580
List Date July 28, 2026
Elementary School Zavala
Middle School Martin
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.

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
1111 W 12th St #108
Condominium De Saligny Amd
$990,000 $1,029 1 bd / 1 ba 962 sqft , 2026-05-12
301 West Ave #3208
N/A
$924,900 $925 1 bd / 1 ba 1,000 sqft , 2026-05-27
98 San Jacinto Blvd #1703
Town Lake Residences Condo
$1,099,999 $1,038 1 bd / 1 ba 1,060 sqft , 2026-06-12
98 San Jacinto Blvd #1803
Town Lake Residences Condo
$1,100,000 $1,038 1 bd / 1 ba 1,060 sqft , 2026-01-05
2316 River Hills Rd
Travis Southwest
$1,100,000 $1,560 1 bd / 1 ba 705 sqft , 2026-07-14

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
$4,747/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
$197,800
20% conventional investment loan

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

Estimated Gross Rent+$4,747
Principal + Interest−$5,397
Property Tax (~2.1% TX avg)−$1,731
Insurance (~0.5%)−$412
Est. Monthly Cash Flow $-2,793

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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