Active Listing  ·  19 days on market

4912 Avenue G None

Austin, TX 78751
$850,000
4 Bed 3 Bath 2,036 sqft $417/sqft Built 1946 0.09 acres Pool Hyde Park

Morning coffee at Epoch, dinner at Home Slice, a nightcap at DrinkWell, all within walking distance of your own front door on Avenue G. This Hyde Park property offers something rare: a beautifully updated main house paired with a fully separate, currently rented garage apartment, so the income starts the moment you close. The main house spans 1,484 square feet with three bedrooms and two baths, anchored by wood floors that run throughout and recessed lighting that gives every room a clean, modern glow. The kitchen is generously sized and outfitted with stainless appliances, ready for everything from quiet weeknight dinners to weekend gatherings that spill out onto the large deck, a genuine outdoor entertaining space built for long evenings with friends. The 552-square-foot garage apartment adds a private one-bedroom, one-bath unit, ideal as a source of steady rental income, a home office suite, or space for extended guests. Location seals the deal. You're minutes from UT, Downtown, and The Domain, with neighborhood parks and Foreign & Domestic just a stroll away for a proper night out. Properties that combine a move-in-ready main home with built-in income potential in a walkable Hyde Park pocket like this one don't come around often. Buyer to verify all info.

At $417/sqft, this home is priced 6% 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

4912 Avenue G None, Austin, TX 78751

Property Details

Price $850,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,036 sqft
Lot Size 0.09 acres (3,959.6 sqft)
Year Built 1946
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Hyde Park
County Travis
Zip Code 78751
$/sqft $417/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,519.29
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237370618
List Date August 5, 2026
Elementary School Reilly
Middle School Lamar (Austin ISD)
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
5508 Avenue G None
Highlands
$895,000 $486 4 bd / 3 ba 1,842 sqft , 2026-04-16
5301 Grover Ave
Skyland Terrace
$899,900 $447 3 bd / 3 ba 2,015 sqft , 2026-08-21
811 E 45th St
Ridgetop Annex
$900,000 $515 3 bd / 2 ba 1,749 sqft , 2026-08-05
1208 Fairwood Rd
Delwood Sec 02
$799,000 $465 3 bd / 2 ba 1,719 sqft , 2026-06-11
4324 Airport Blvd #B
Delwood Sec 1
$797,000 $350 3 bd / 3 ba 2,277 sqft , 2026-07-20

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
$4,080/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
$170,000
20% conventional investment loan

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

Estimated Gross Rent+$4,080
Principal + Interest−$4,639
Property Tax (~2.1% TX avg)−$1,488
Insurance (~0.5%)−$354
Est. Monthly Cash Flow $-2,401

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 →

Neighborhood Context

About Hyde Park

Hyde Park is the neighborhood that defined what Austin neighborhoods could be. Developed in the 1890s as one of Austin's first streetcar suburbs, it has maintained its historic character - tree-lined streets, craftsman bungalows, Victorian cottages - while staying one of the most livable and walkable parts of the city.

The neighborhood sits north of UT Austin between Guadalupe Street and Duval, roughly from 38th to 51st Street. Its proximity to the university brings energy and walkability, and the Guadalupe "Drag" corridor offers coffee shops, restaurants, and bookstores steps from most homes.

🏘️
Architecture

One of Austin's best collections of historic homes - craftsman bungalows, Victorian cottages, and mid-century ranches that have survived Austin's development waves intact.

🚶
Walkability

Walk Score of 85. Coffee, restaurants, parks, and the UT campus are all within walking distance. One of the few Austin neighborhoods where you can genuinely live without a car for day-to-day needs.

🌿
Shipe Park

The neighborhood's anchor green space - pool, tennis courts, and a community hub that hosts farmers markets and neighborhood events.

📚
UT Proximity

5-minute drive or 20-minute walk to UT's campus. Great for faculty, staff, and graduate students; also adds long-term rental investment potential for owners.

Full Hyde Park Guide →

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 22, 2026.

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