1604 Dywer Ave
About This Property
With flat topography and only a few trees, the lot provides a wide-open building envelope and a clean canvas for development. The existing original 1930s brick home is in poor condition and is likely a tear-down (no interior access via lockbox; appointment required). That said, its classic bones and period charm may inspire a creative restoration for those looking to breathe new life into a piece of Zilker history. Large tracts like this are increasingly uncommon in Zilker. Bring your architect. Bring your builder. Create something extraordinary in one of Austin's most iconic settings.
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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 |
|---|---|---|---|
| Mar 1, 2026 | In contract | - | |
| In contract | |||
| Feb 23, 2026 | Listed by Zilker Properties of Austin | $1,300,000 | |
| Listed by Zilker Properties of Austin | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017