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1611 Wheless LN
About This Property
Inside, vaulted ceilings give the main back dining/living space a sense of volume and character, while the generous lot offers plenty of potential to reimagine the backyard and outdoor living areas. Whether you're looking for a renovation project to create a beautifully updated primary residence or an investment property with resale potential, there is a lot to work with here!
And the location is the real opportunity. Windsor Park puts you just minutes from Mueller, Mueller Lake Park, the Texas Farmers' Market, Alamo Drafthouse, H-E-B, restaurants, coffee shops, and a growing collection of shops and businesses. Nearby Bartholomew Park adds 57 acres of green space with a pool, splash pad, disc golf, basketball courts, picnic areas, and more.
For an investor, the surrounding neighborhood tells an important story. Windsor Park offers larger lots, established tree-lined streets, and mid-century homes while sitting immediately adjacent to the continued development and amenities of Mueller. New residential construction is already happening along Wheless!
Add in quick access to I-35, 183, Mueller, Downtown Austin, and the rest of East Austin, and this is exactly the kind of property where location does much of the heavy lifting. The renovation is yours to envision, but the setting is already established. Bring your vision!
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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 |
|---|---|---|---|
| Sep 15, 2026 | In contract | - | |
| In contract | |||
| Sep 11, 2026 | Listed by Compass RE Texas, LLC | $325,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017