1137 Nickols Ave
About This Property
In one of East Austin's most dynamic and evolving neighborhoods, this home blends timeless charm with modern livability on an oversized lot with exceptional long-term potential. Built in 1946, this classic bungalow has been updated, offering a move-in ready home that retains its character and authenticity. Bright, welcoming interior with tasteful updates that complement the home's vintage roots. Outside, the expansive lot opens up exciting possibilities, including room to potentially add an ADU for future rental income, multigenerational living, or expanded creative space. The detached climate-controlled casita adds even more versatility and is ideal for a private office, wellness studio, creative workspace, guest retreat, or fitness/yoga studio. This property is especially well suited for entrepreneurs, creatives, and wellness professionals seeking a live/work lifestyle in the heart of Austin. Whether you practice holistic medicine, therapy, massage, yoga, coaching, art instruction, or remote consulting, the separate backyard studio creates a rare opportunity to comfortably run a home-based business while maintaining privacy and balance. Location is where this home truly shines. Just minutes from downtown Austin, you're never far from the city's best dining, coffee shops, live music, and nightlife, while still enjoying the authenticity and culture that continue to define East Austin. With ongoing growth and development throughout the area, this property offers not only a unique lifestyle opportunity, but also strong long-term upside in one of Austin's most sought-after neighborhoods. Whether you're searching for a charming home with future expansion potential, a flexible live/work setup, or an investment in East Austin's continued growth, 1137 Nickols Ave offers a rare combination of character, convenience, and opportunity.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 25, 2026 | Withdrawn | - | |
| Withdrawn | |||
| May 13, 2026 | Price Decreased |
$494,000
↓ $1K
(0.2%) | |
| Price Decreased | |||
| Apr 16, 2026 | Listed by Venture Partners R.E. | $495,000 | |
| Listed by Venture Partners R.E. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017