2012 Goodrich Ave
About This Property
A Luxury builder's dream!!! RARE OPPORTUNITY IN THE HEART OF 78704 – PRIME .4 ACRE LOT! Build your legacy in one of Austin's most coveted zip codes. Nestled on a quiet street in the iconic Zilker neighborhood, this .4-acre flat lot is a dream canvas for developers, investors, or luxury homebuyers. Lot is priced to sell with potential of 1.8M value this is an unbeatable opportunity with tremendous potential for a millionaire return depending on development and city permits. Surrounded by multi-million dollar new builds and award-winning architecture
No HOA and no floodplain – half of the lot clear of structure and ready for immediate development
Rare deep lot with ample privacy and flexibility for creative design
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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 |
|---|---|---|---|
| Aug 13, 2025 | In contract | - | |
| In contract | |||
| Jul 31, 2025 | Price Decreased |
$1,100,000
↓ $100K
(8.3%) | |
| Price Decreased | |||
| Jul 25, 2025 | Price Decreased |
$1,200,000
↓ $200K
(14.3%) | |
| Price Decreased | |||
| Jul 20, 2025 | Price Decreased |
$1,400,000
↓ $100K
(6.7%) | |
| Price Decreased | |||
| Jun 23, 2025 | Listed by StepStone Realty LLC | $1,500,000 | |
| Listed by StepStone Realty LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017