10
Map
1637 Chippeway LN
About This Property
Located just a few minutes from downtown Austin, this property sits in a vibrant neighborhood. The value is truly in the land-an exceptional tear-down opportunity for builders, investors, or visionary homeowners ready to create something new. With its unbeatable location and endless potential, this lot offers the chance to design and build your dream home in the heart of Austin's urban energy.
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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 |
|---|---|---|---|
| Jun 5, 2026 | In contract | - | |
| In contract | |||
| Jun 2, 2026 | Relisted | $295,000 | |
| Relisted | |||
| May 15, 2026 | In contract | - | |
| In contract | |||
| Apr 24, 2026 | Listed by Engel & Volkers Austin | $295,000 | |
| Listed by Engel & Volkers Austin | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017