1160 Nickols Ave #A
About This Property
This 3-bedroom, 2.5-bath home offers 1,900+ square feet of living space in a rapidly growing East Austin neighborhood surrounded by new construction. The property is part of a bankruptcy estate and is being sold as-is, with no repairs to be completed by the seller. The price reflects current condition and presents an excellent opportunity for investors, fix-and-flip buyers, or those looking to add value through updates.
The home features high ceilings, recessed lighting, a versatile upstairs den, and a spacious primary suite with dual vanities, a large walk-in shower, and an expansive closet. Additional highlights include concrete flooring and a garage equipped with a Level 2 EV outlet.
Located near Mueller, downtown Austin, and popular local spots such as Palomino Coffee, Southern Heights Brewing, and Springdale General, this property sits in an area poised for continued growth. With strong fundamentals, generous square footage, and an attractive price point, this is a rare opportunity to secure a property with significant upside in East Austin.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 21, 2026 | Relisted | $375,000 | |
| Relisted | |||
| Feb 19, 2026 | In contract | - | |
| In contract | |||
| Feb 2, 2026 | Listed by MODUS Real Estate | $375,000 | |
| Listed by MODUS Real Estate | |||
| Oct 4, 2024 | Price Decreased |
$570,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Aug 9, 2024 | Price Decreased |
$575,000
↓ $15K
(2.5%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/19/2024
|
3 Bed
|
2 Bath
|
1914 ft²
|
$600,000
3 Bed
2 Bath
1914 ft²
|
-
-
|
Elizabeth Michael
Bramlett Residential
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017