Active Listing  ·  18 days on market

3904 Willbert Rd

Austin, TX 78751
$324,900
0.13 acres Wilbert Add

Prime Hancock Development Opportunity | Central Austin Build Site

Exceptional opportunity to build in one of Central Austin's most desirable neighborhoods! This flat, street-facing lot in the highly sought-after Hancock neighborhood offers the potential to build up to 3,551 FAR with approximately 2,300 square feet of impervious coverage, making it an outstanding opportunity for new construction, a custom luxury home, or an investment property.

Design a spacious single-family residence or explore a two-unit construction concept adjacent to Unit #1, an existing home currently undergoing a complete remodel. Each property has its own address, providing flexibility for resale, multi-generational living, or long-term investment.

Located just minutes from The University of Texas at Austin, Hyde Park, Mueller, Downtown Austin, Dell Medical School, and the Texas Capitol, this premier location offers exceptional walkability to neighborhood restaurants, coffee shops, parks, shopping, and entertainment. Enjoy quick access to major employers, medical centers, and some of Austin's most beloved local destinations.

Whether you're a builder, developer, investor, or homeowner, this rare homesite offers endless possibilities in a neighborhood where new construction and thoughtfully renovated homes continue to drive strong demand. Bring your architect, your builder, and your creativity to create something truly special in one of Austin's most established and appreciating neighborhoods.

Location

3904 Willbert Rd, Austin, TX 78751

Property Details

Price $324,900
Status Active Listing
Beds ,
Full Baths ,
Half Baths ,
Living Area ,
Lot Size 0.13 acres (5,488.56 sqft)
Year Built ,
Garage ,
Stories ,
Type Land · See Remarks
Subdivision Wilbert Add
County Travis
Zip Code 78751
$/sqft ,
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,500
Pool ,
Waterfront ,
New Construction ,
MLS # ACT242591424
List Date August 6, 2026
Elementary School Lee
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.

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
913 Duncan Ln #203
Monterrey Oaks Condos
$329,000 $469 1 bd / 1 ba 701 sqft , 2026-07-16
1320 Robert Browning St #408
Mueller Greenway Lofts Condo
$320,000 $581 1 bd / 1 ba 551 sqft , 2026-06-25
1320 Robert Browning St #308
Greenway Lofts Condo Amd
$315,000 $572 1 bd / 1 ba 551 sqft , 2026-08-19
913 Duncan Ln #201
Hancock Park
$338,900 $493 1 bd / 1 ba 688 sqft , 2026-08-15
1701 Simond Ave #644
Parkside/Mueller Condos
$345,000 $513 1 bd / 1 ba 673 sqft , 2026-04-10

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
$1,560/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
$64,980
20% conventional investment loan

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

Estimated Gross Rent+$1,560
Principal + Interest−$1,773
Property Tax (~2.1% TX avg)−$569
Insurance (~0.5%)−$135
Est. Monthly Cash Flow $-917

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 6, 2026.

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