Active Listing  ·  3 days on market

912 E 55th 1/2 St

Austin, TX 78751
$665,000
4 Bed 2 Bath 1,576 sqft $422/sqft Built 1951 0.16 acres Pool Morningside Add Sec 02

If you’ve been waiting for the right opportunity in Central Austin, this is one you don’t want to miss. This four-bedroom, two-bath home, located on a corner lot, is awash in natural light and offers a welcome respite from the everyday hustle and bustle. Recent improvements include a recently replaced roof and windows, updated plumbing, tankless water heater, and an updated deck. Kitchen features granite counters, breakfast bar and dining area. Stainless appliances and lots of storage. The main suite is separated from the other rooms, and has direct deck access as well as a flex space – that could serve as a home office, creative space, or a library. There is a screened in porch and a spacious fenced in yard for kids or pets to run in. The lot has a multiple pecan, peach and pomegranate trees, as well as two live-oaks and is shaded by a gigantic cottonwood. The location can’t be beat, nestled in a quiet neighborhood between Hyde Park and Mueller, you’ll enjoy walking along tree-lined streets with access to a wide array of local favorites, such as Komé, Lazarus Brewing, and Tyson’s Tacos. You’ll also have easy access to additional shopping, entertainment, and major retailers such as Target, Home Depot, and H-E-B. A rare opportunity in one of Central Austin’s most vibrant and friendly neighborhoods—come experience it for yourself and feel right at home.

At $422/sqft, this home is priced 8% 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

912 E 55th 1/2 St, Austin, TX 78751

Property Details

Price $665,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,576 sqft
Lot Size 0.16 acres (7,178.69 sqft)
Year Built 1951
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Morningside Add Sec 02
County Travis
Zip Code 78751
$/sqft $422/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,974.55
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248949342
List Date October 5, 2026
Elementary School Ridgetop
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.

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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
933 E 51st St
Ridgetop
$675,000 $392 3 bd / 3 ba 1,720 sqft , 2026-04-01
400 W 51 St #A
400 & 402 West 51st Street Con
$675,000 $445 3 bd / 3 ba 1,516 sqft , 2026-05-11
712 E 44th St #A
Caswell Place Condo
$675,000 $329 4 bd / 3 ba 2,052 sqft , 2026-09-21
108 E 46th St
Hyde Park Annex
$650,000 $353 3 bd / 3 ba 1,841 sqft , 2026-08-19
5815 Duval St
Skyview Sec 03
$695,000 $414 3 bd / 2 ba 1,678 sqft , 2026-07-24

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
$3,192/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
$133,000
20% conventional investment loan

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

Estimated Gross Rent+$3,192
Principal + Interest−$3,629
Property Tax (~2.1% TX avg)−$1,164
Insurance (~0.5%)−$277
Est. Monthly Cash Flow $-1,878

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 6, 2026.

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