Active Listing  ·  13 days on market

3503 Robinson Ave

Austin, TX 78722
$650,000
2 Bed 2 Bath 808 sqft $804/sqft Built 1939 0.12 acres 2-Car Garage Pool University Park

Very cozy 1-story East Austin bungalow (808 sqft) with a separate studio casita (360 sqft) and successful Airbnb history. Situated on a tree-lined street in desirable Cherrywood, the 2-bedroom, 2-bath main home combines Austin charm with thoughtful updates, while the casita adds a full bath, kitchenette and second laundry for flexibility.

Inside, the remodeled kitchen features stainless steel appliances, quartz countertops, updated cabinetry and tile backsplash. The detached casita offers separate space for guests, a home office, studio, home gym or additional rental space with a separate access.

Outside, mature trees and low-maintenance xeriscaping create an inviting setting to relax on the covered back porch, which is attached to the home. The thoughtfully maintained yard also offers minimal yard work, making it easy to enjoy the outdoor space without the upkeep of a traditional lawn. A backyard air-conditioned shed provides additional storage space. The driveway leads to a two-car tandem metal garage with HVAC, offering temperature-controlled space for parking, storage or a workshop.

The location offers the best of Central Austin at your doorstep. Cherrywood Coffeehouse, Patrizi’s, Haymaker and Bird Bird Biscuit are just around the corner, with Manor Road favorites including Este, Dai Due and Salty Sow nearby. UT, Mueller, Downtown Austin and Central Market are minutes away, along with convenient access to major roadways, parks, trails, shopping and entertainment.

With its single-story layout, separate casita, successful Airbnb history and highly connected Cherrywood location, this property offers a unique combination of Austin character, flexibility and convenience. For an easy transition or continued STR use, furnishings are also available for purchase separately.

Beds: 2

Other: 1

At $804/sqft, this home is priced 105% 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

3503 Robinson Ave, Austin, TX 78722

Property Details

Price $650,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 808 sqft
Lot Size 0.12 acres (5,052.96 sqft)
Year Built 1939
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision University Park
County Travis
Zip Code 78722
$/sqft $804/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,581.23
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247454660
List Date September 25, 2026
Elementary School Maplewood
Middle School Kealing
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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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
1001 E 39th St
Hancock
$685,000 $674 2 bd / 2 ba 1,016 sqft , 2026-09-10
1606 Cedar Ave #B
Glenwood Add
$699,000 $647 2 bd / 3 ba 1,080 sqft , 2026-08-14
304 W 42nd St
Hyde Park
$550,000 $558 1 bd / 1 ba 986 sqft , 2026-07-16
3705 Tower View Ct
Manor Hill
$545,000 $502 2 bd / 1 ba 1,085 sqft , 2026-09-03
3307 Helms St
34th & Helms Condo
$499,000 $588 2 bd / 1 ba 848 sqft , 2026-09-10

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
$3,120/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
$130,000
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (~2.1% TX avg)−$1,138
Insurance (~0.5%)−$271
Est. Monthly Cash Flow $-1,836

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 October 8, 2026.

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