Active Listing  ·  6 days on market

4701 Harmon Ave

Austin, TX 78751
$350,000
6 Bed 3 Bath 1,664 sqft $210/sqft Built 1950 0.16 acres Pool Ridgetop Add 04

Rare Central Austin Investment Opportunity! Unlock the potential of this unique property in one of Austin’s most sought-after areas. Offered at one of the lowest price points in the area, this 1,600+ square foot property sits on a large lot and presents an incredible opportunity for investors, flippers, or buyers looking for multi-generational living potential. Previously configured as a quadplex with four 1-bedroom/1-bath units, the property offers a versatile layout with multiple possibilities for redevelopment, renovation, or income-producing use. The home needs TLC but provides a strong foundation for someone ready to bring their vision to life. Located in a highly desirable rental area with convenient access to Central Austin amenities, dining, shopping, and major thoroughfares.

At $210/sqft, this home is 46% 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

4701 Harmon Ave, Austin, TX 78751

Property Details

Price $350,000
Status Active Listing
Beds 6
Full Baths 3
Half Baths ,
Living Area 1,664 sqft
Lot Size 0.16 acres (6,808.43 sqft)
Year Built 1950
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Ridgetop Add 04
County Travis
Zip Code 78751
$/sqft $210/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,797.88
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242942556
List Date August 18, 2026
Elementary School Lee
Middle School O Henry
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 →

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
$1,680/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
$70,000
20% conventional investment loan

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

Estimated Gross Rent+$1,680
Principal + Interest−$1,910
Property Tax (~2.1% TX avg)−$613
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-989

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 19, 2026.

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