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2304 Forest Ave
About This Property
The fully remodeled main residence offers 1,196 square feet with two bedrooms and two bathrooms. A separate 500-square-foot structure combines a one-car garage with air-conditioned flex space ideal for guests, a private office, studio, gym, or creative retreat. With frontage on both Forest Avenue and Wilson Street, the property lives beautifully today while preserving exceptional flexibility for the future. The Wilson Street side remains open for redevelopment, with preliminary plans already in place.
Inside, original red oak floors were refinished for a soft white-oak look, paired with level-five walls, solid-core pocket doors, modern fixtures, dimmers, custom Hue lighting, smart locks, and a gas fireplace.
The kitchen is the centerpiece, featuring fluted detailing, a ceramic farmhouse sink, French brass faucet, soft-close cabinetry, dedicated coffee bar, and a full Forno appliance suite. Storage is thoughtfully integrated throughout, including an oversized primary closet, built-ins in both remodeled bathrooms, and a redesigned laundry room with stackable washer and dryer.
The primary bath includes a six-foot soaking tub, frameless glass enclosure, modern vanities with integrated outlets, and fogless mirrors. New HVAC serves both structures, with Ecobee thermostats in the main home.
Outside, the fully fenced yard is shaded by beautiful mature trees and offers rare privacy in the heart of 78704. Walk, bike, or scoot to South Congress, Barton Springs, Auditorium Shores, and the Lady Bird Lake trail while enjoying the calm of an authentic Bouldin Creek residential pocket.
Contact the listing agent for plans for additional structures, further details, or a private showing.
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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%.
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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.
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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 |
|---|---|---|---|
| Oct 13, 2026 | In contract | - | |
| In contract | |||
| Jul 1, 2026 | Listed by Compass RE Texas, LLC | $895,000 | |
| Listed by Compass RE Texas, LLC | |||
| Feb 21, 2024 | In contract | - | |
| In contract | |||
| Jan 2, 2024 | Listed by Lujo Realty, PLLC | $799,000 | |
| Listed by Lujo Realty, PLLC | |||
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Don’t miss this amazing opportunity to own a charming home located in one of South Austin’s most desirable neighborhoods, Bouldin Creek. You can’t beat the location! Literally walking distance to the iconic South Congress shopping district, yet uniquely tucked away on one of the area’s more attractive, quaint streets. It’s the best of both worlds for urban South Austin living. This property boasts an open floor plan (ideal for hosting), vaulted/high ceilings in the main living, an oversized master suite with private access to the backyard, two full bathrooms, AND a detached workshop/1 car garage that has its own street access. The potential is through the roof with this property! Perfect for an end user who wants to soak in the true South Austin charm, but also ripe for a large new construction. Could do a large A unit off of Forest Avenue with a smaller ADU off of Wilson Street. Massive properties all around this home demonstrating the higher density potential for this rare dual access lot. Opportunities like this are scarce in Bouldin Creek.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017