Active Listing  ·  43 days on market

617 Oakland Ave

Austin, TX 78703
$1,750,000
4 Bed 4 Bath 2,642 sqft $662/sqft Built 1930 0.16 acres Pool Terrace Park

Rooted in history, Clarksville remains one of Austin’s most historically significant neighborhoods. Set beneath a canopy of mature trees, it retains the long gallery porch, original hardwood floors and Craftsman millwork that have defined the home for nearly a century, while thoughtful updates add modern convenience without stripping away its personality. Multiple living and dining areas allow the floor plan to flex from one need to the next. Large windows draw natural light from room to room, and a brick fireplace and built-ins give the second living area a character of its own. The kitchen continues the flow with granite countertops, SS appliances and a breakfast bar, opening to a casual dining nook wrapped in windows. Nearby, a dedicated office provides a separate place to work without taking over another room. On the main level, the primary suite is set apart with a walk-in closet and fully renovated ensuite, while two well-sized bedrooms upstairs share an updated marble-accented bathroom. The property’s flexibility continues beyond the main residence with a separate one-bedroom apartment. Complete with its own living area, kitchen and full bathroom, it can accommodate longer-term guests, a private work setup, a creative studio or an entirely separate living space. Outside, decks, patios and mature landscaping connect the two residences, with full irrigation and ample storage handling the practical side of city living. Just beyond the front door, Clarksville makes it easy to build plans around walking rather than parking. Coffee at Better Half, oysters at Clark’s, dinner at Nightcap or margaritas beneath El Arroyo’s famous sign are all a short walk away. West 6th, downtown, Whole Foods, Pease Park and Lady Bird Lake are also nearby, keeping the rest of Austin within easy reach. This home doesn’t borrow its sense of place from a design trend. It comes from nearly a century of history, preserved architecture and a Clarksville address best experienced on foot.

At $662/sqft, this home is priced 69% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

617 Oakland Ave, Austin, TX 78703

Property Details

Price $1,750,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,642 sqft
Lot Size 0.16 acres (6,838.92 sqft)
Year Built 1930
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Terrace Park
County Travis
Zip Code 78703
$/sqft $662/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $31,561.1
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246002413
List Date September 10, 2026
Elementary School Mathews
Middle School O Henry
High School Austin
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.

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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
812 W 10th St
Division E
$1,799,000 $647 4 bd / 2 ba 2,782 sqft , 2026-06-24
708 Upson St
Deep Eddy Heights
$1,695,000 $582 4 bd / 3 ba 2,910 sqft , 2026-07-23
501 West Ave #2004
Fifth & West
$1,650,000 $821 3 bd / 3 ba 2,009 sqft , 2026-08-18
501 West Ave #3404
5th & West Condominiums
$1,850,000 $921 3 bd / 3 ba 2,009 sqft , 2026-09-23
1309 W 10th St
Hancock
$1,895,000 $684 4 bd / 4 ba 2,769 sqft , 2026-08-06

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
$8,400/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
$350,000
20% conventional investment loan

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

Estimated Gross Rent+$8,400
Principal + Interest−$9,550
Property Tax (~2.1% TX avg)−$3,063
Insurance (~0.5%)−$729
Est. Monthly Cash Flow $-4,942

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 October 18, 2026.

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