2402 Santa Rita ST
About This Property
Inside, you'll find a bright open-concept floor plan connecting the kitchen, dining, and living areas, creating an inviting space for everyday living, entertaining, or hosting guests. Recent updates include modern finishes, updated appliances, and thoughtful design touches throughout.
Step outside to enjoy private, fully fenced front and backyard spaces perfect for relaxing, entertaining, or enjoying Austin's outdoor lifestyle. A gated driveway provides secure parking for two vehicles, with additional street parking available.
Located just minutes from Downtown Austin, Lady Bird Lake, Rainey Street, and Austin-Bergstrom International Airport, this home also offers convenient access to The University of Texas, Darrell K Royal-Texas Memorial Stadium, Moody Center, Disch-Falk Field, and Austin's major entertainment districts. Enjoy nearby restaurants, coffee shops, parks, pickleball courts, live music venues, and local hotspots that make East Austin one of the city's most sought-after places to live and visit.
For investors, the prime location and proximity to Austin's top attractions make this property an appealing opportunity for those seeking a potential income-producing asset. Buyers should independently verify short-term rental regulations, permitting requirements, and income potential.
Whether you're searching for a move-in-ready East Austin home, a lock-and-leave getaway, or an investment property near Downtown Austin and UT, this bungalow offers the perfect combination of location, lifestyle, and versatility. Don't miss your opportunity to own a piece of one of Austin's most vibrant and rapidly growing neighborhoods.
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 28, 2026 | In contract | - | |
| In contract | |||
| Mar 10, 2026 | Price Decreased |
$459,000
↓ $16K
(3.4%) | |
| Price Decreased | |||
| Feb 14, 2026 | Price Decreased |
$475,000
↓ $20K
(4%) | |
| Price Decreased | |||
| Sep 29, 2025 | In contract | - | |
| In contract | |||
| Aug 19, 2025 | Listed by Real Broker, LLC | $495,000 | |
| Listed by Real Broker, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017