About This Home

Unique covered land opportunity in the heart of central Austin. Ideal for builders looking for small MF development and recent zoning changes should allow three-unit residential on the property (SF-3 zoning). Current architectural plans for single-family home plus ADU convey with the sale. Two leases have been secured for a projected $45,516 in NOI ($4,800 per month) and offer income while plans are being processed (6.51% cap rate). Home is being marketed as a tear down.

At $278/sqft, this home is 29% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5210 Woodrow Ave, Austin, TX 78756

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Property Details

Price $699,000

Status Active Listing

Beds 5

Full Baths 4

Half Baths ,

Living Area 2,510 sqft

Lot Size 0.26 acres (11,325.6 sqft)

Year Built 1963

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Broadacres

County Travis

Zip Code 78756

$/sqft $278/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT240987802

List Date July 31, 2026

Elementary School Brentwood

Middle School Lamar (Austin ISD)

High School Austin

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

6129 Sendero Hills Pkwy
Meadows At Trinity Crossing Ph $699,000 $241 4 bd / 3 ba 2,902 sqft , 2025-11-22

10004 Scull Creek Dr
River Place Sec 07B $699,000 $260 4 bd / 3 ba 2,687 sqft , 2026-06-09

6805 Tulane Dr
University Hills Sec 03 Ph 01 $699,000 $426 4 bd / 2 ba 1,639 sqft , 2026-06-17

6409 Bradsher None #C
Sunnyvale $699,000 $314 4 bd / 3 ba 2,223 sqft , 2026-06-24

4907 Watusi Bnd
The Retreat at Steiner Ranch $699,000 $270 4 bd / 3 ba 2,586 sqft , 2026-06-26

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

$3,355/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

$139,800

20% conventional investment loan

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

Estimated Gross Rent+$3,355

Principal + Interest−$3,815

Property Tax (~2.1% TX avg)−$1,223

Insurance (~0.5%)−$291

Est. Monthly Cash Flow $-1,974

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

5210 Woodrow Ave

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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