7
Map
2017 E 8th ST
About This Property
Both adjacent lots are being offered together for $989,000 total. Combined, the properties offer approximately 0.27 acres with 92 feet of East 8th Street frontage. The seller may also consider separate sales for the right buyer.
This is a rare opportunity to acquire a larger site in one of East Austin's most active and sought-after areas. City water and sewer are in place, the properties are located in Flood Zone X, and zoning has been confirmed for residential development.
Whether you're a builder, developer, or investor looking for a strategic East Austin opportunity, this assemblage offers location, frontage, and development potential in a corridor where larger sites rarely become available.
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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 16, 2026 | In contract | - | |
| In contract | |||
| Jul 28, 2026 | Listed by Keller Williams Realty | $989,000 | |
| Listed by Keller Williams Realty | |||
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East 8th is one of the hottest corridors in East Austin right now. This is prime real estate in 78702—minutes from downtown, surrounded by new development and strong builder activity. Both adjacent lots are being offered together for $989,000 total. Combined, the properties offer approximately 0.27 acres with 92 feet of East 8th Street frontage. The seller may also consider separate sales for the right buyer. This is a rare opportunity to acquire a larger site in one of East Austin’s most active and sought-after areas. City water and sewer are in place, the properties are located in Flood Zone X, and zoning has been confirmed for residential development. Whether you’re a builder, developer, or investor looking for a strategic East Austin opportunity, this assemblage offers location, frontage, and development potential in a corridor where larger sites rarely become available.
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| Jul 9, 2026 | Listed by Keller Williams Realty | $509,900 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017