2710 E 3rd ST
About This Property
A driveway runs along the right side of the property, providing ample access and creating a prime opportunity to explore building an additional dwelling unit (ADU) at the rear. Whether you're ready to build in the back, live in one and rent the other, or reimagine the entire property, this is a rare chance to "house hack" your way to strong equity potential.
The property is ready for developers to envision its highest and best use, or for an owner-occupant to bring their investment strategy to life in one of Austin's most desirable neighborhoods.
Inside, the home features a thoughtfully designed layout filled with natural light, creating a warm and inviting atmosphere. The living spaces flow effortlessly for both everyday living and entertaining, while the kitchen offers ample storage and workspace. Bedrooms provide comfortable retreats, and the outdoor space is ready to be transformed into your ideal backyard oasis.
Located just minutes from downtown Austin, this home is within walking distance to Lady Bird Lake, popular East Austin restaurants, and co-working spots. Enjoy a quick Uber or scooter ride into the city core, plus easy access to Austin-Bergstrom International Airport for convenient travel.
The lot is flat and free of large trees, making it easier to build without major obstructions-an increasingly rare find in this area.
Buyer to verify lot size, home square footage, and any building restrictions with the City of Austin or other governing entities. Lot size and home square footage are based on public records.
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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 |
|---|---|---|---|
| Sep 26, 2026 | Price Decreased |
$638,275
↓ $2K
(0.3%) | |
| Price Decreased | |||
| Jul 12, 2026 | Price Decreased |
$639,957
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Jun 19, 2026 | Price Decreased |
$644,999
↓ $4K
(0.6%) | |
| Price Decreased | |||
| May 31, 2026 | Price Decreased |
$649,000
↓ $30K
(4.4%) | |
| Price Decreased | |||
| May 24, 2026 | Price Decreased |
$678,999
↓ $10K
(1.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017