15
Map
1508 Pease RD
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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%.
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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 |
|---|---|---|---|
| Jul 19, 2025 | In contract | - | |
| In contract | |||
| Jun 19, 2025 | Listed by Christie's Int'l Real Estate | $995,000 | |
| Listed by Christie's Int'l Real Estate | |||
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Located in one of Austin’s most storied and sought-after neighborhoods, 1508 Pease Rd offers a rare chance to secure a generous 9,667 sq ft lot in the heart of Old Enfield. Surrounded by grand estates and timeless architecture, this SF-3 zoned property provides endless possibilities for redevelopment or restoration.
Whether you envision crafting a custom single-family home or exploring a duplex design to maximize value, the setting is second to none. The existing 1932-built residence—a charming 3-bedroom, 1-bath home—is tucked beneath mature trees and provides a starting point for your architectural imagination. With approved removal of the detached garage and a large tree in the backyard (permits in hand), the lot is ready for transformation.
Old Enfield is beloved for its blend of elegance and accessibility—moments from downtown, yet graced with quiet streets, heritage oaks, and a true neighborhood feel. Walk to nearby Pease Park, indulge at Austin’s finest restaurants, or simply enjoy the prestige and privacy that come with this iconic address.
Properties with this kind of potential in such a prime location rarely come to market—this is your invitation to create something extraordinary.
*Back structure has been demoed! Seller has a permit to remove the trees in the backyard.
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| Dec 7, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Sep 9, 2024 | Listed by @ properties Christie's International | $1,600,000 | |
| Listed by @ properties Christie's International | |||
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Introducing an exquisite opportunity at 1508 Pease Rd, Positioned in the esteemed Old Enfield, one of Austin
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| Aug 23, 2024 | Listed by @ properties Christie's International | $1,600,000 | |
| Listed by @ properties Christie's International | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017