About This Home

Build in the heart of 78704! Vacant ±6,900 SF lot (approx. 60' x 115') in the Bouldin Creek area, minutes to Downtown, South Congress, Lady Bird Lake and Zilker Park. Zoned MF-3 with ETOD overlay and designed for two homes: a conceptual site plan shows two 3-story, 3-bed/2.5-bath residences (approx. 1,605 SF and 2,213 SF). Mature oak canopy on an established, walkable street surrounded by new development. Ideal for builders, investors or end users wanting to build in one of Austin's most in-demand zip codes. Additional connecting lots on this block are also available for sale - ask for details. Buyer to verify zoning, setbacks, tree ordinance, utilities, school assignment and all development information.

Location

404 West Live Oak St, Austin, TX 78704

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Property Details

Price $900,000

Status Active Listing

Beds ,

Full Baths ,

Half Baths ,

Living Area ,

Lot Size 0.16 acres (6,882.48 sqft)

Year Built ,

Garage ,

Stories ,

Type Land · Unimproved Land

Subdivision Gillis Simon

County Travis

Zip Code 78704

$/sqft ,

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $7,907.49

Pool ,

Waterfront ,

New Construction ,

MLS # ACT248716607

List Date October 3, 2026

Elementary School Travis Hts

Middle School Lively

High School Travis

School District ,

Have Questions About This Property?

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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

2209 S 1st St #107
One Oak $849,000 $660 1 bd / 1 ba 1,286 sqft , 2026-04-21

802 W Gibson St
South Heights $749,000 $996 1 bd / 1 ba 752 sqft , 2026-09-25

44 East Ave #1811
44 East Ave $599,000 $847 1 bd / 1 ba 707 sqft , 2026-10-01

613 Peacock Ln
Decker $585,500 $1,016 1 bd / 1 ba 576 sqft , 2026-07-31

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

$4,320/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

$180,000

20% conventional investment loan

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

Estimated Gross Rent+$4,320

Principal + Interest−$4,912

Property Tax (~2.1% TX avg)−$1,575

Insurance (~0.5%)−$375

Est. Monthly Cash Flow $-2,542

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 October 5, 2026.

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

404 West Live Oak St

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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