35
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2209 S 3rd ST
About This Property
The expansive lot also provides a unique opportunity for new construction, a luxury custom build, or the addition of an ADU, making it ideal for builders, investors, or homeowners looking to create their dream property in one of Austin's premier urban neighborhoods.
Whether you choose to renovate the existing structure or take advantage of the generous lot size to develop something entirely new, the possibilities here are endless. Opportunities like this combining prime Bouldin location with substantial lot size and development flexibility are increasingly rare.
This is your chance to secure a piece of Bouldin and capitalize on the incredible growth and demand in this iconic Austin neighborhood.
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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 |
|---|---|---|---|
| Mar 24, 2026 | In contract | - | |
| In contract | |||
| Mar 18, 2026 | Listed by Douglas Elliman Real Estate | $750,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Mar 10, 2020 | No longer available | - | |
| No longer available | |||
| Jan 26, 2020 | Price Decreased |
$850,000
↓ $15K
(1.7%) | |
| Price Decreased | |||
| Jan 5, 2020 | Price Decreased |
$865,000
↓ $10K
(1.1%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017