$489,000
↓ $10K (2%)
●
House -
For Sale
2900 Castro ST
Austin, TX 78702
5 Beds
2 Baths
1,616 Ft²
$2,820
Est. Monthly
6.24%
Cap Rate
About This Property
Perfect investment opportunity in Central East Austin-the most
"Austin-vibe" place there is! Impressive .137 acres. Property backs
up to Boggy Creek so it will never have neighbors directly behind
it! The surrounding area is hot with opportunity being mostly
surrounded with newly constructed homes, duplexes, and
condominiums. Minutes from an array of outdoor leisure attractions
including Zaragoza Park, Boggy Creek Greenbelt, Pan American Park,
Metz Park and Pool, Rosewood Park, Walnut Creek, and of course Lady
Bird Lake. Enjoy proximity to popular social hotspots such as
Flitch Coffee, Cavalier Bar, Justine's, Juniper, Lustre Pearl, and
the famous Rainey Street. Whether you're looking to build your
dream city residence in the heart of Austin or you're an investor
looking for an amazing opportunity to build a multi-family
residence in a prime location- look no further!
Unit Size
1,616 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$303
Property Type
House
Property Taxes
$419
HOA Dues
-
Year Built
1948
Listed By
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (Unlock MLS #ACT7760710)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 24, 2026 | Price Decreased |
$489,000
↓ $10K
(2%) | |
| Price Decreased | |||
| Jan 12, 2026 | Price Decreased |
$499,000
↓ $1K
(0.2%) | |
| Price Decreased | |||
| Mar 25, 2025 | Price Decreased |
$500,000
↓ $25K
(4.8%) | |
| Price Decreased | |||
| Feb 22, 2025 | Price Decreased |
$525,000
↓ $20K
(3.7%) | |
| Price Decreased | |||
| Jan 23, 2025 | Listed by Keller Williams Realty | $545,000 | |
| Listed by Keller Williams Realty | |||
Property Highlights
Parking Available
Garage
With View
Parking Details
Has Garage
Has Carport
Has Open Parking
Parking Features: Carport, Covered, Detached, Driveway
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Crown Molding, Entrance Foyer
Appliances: Gas Cooktop, Gas Range, Microwave, Gas Oven, Water Heater
Flooring Type: Carpet, Laminate, Parquet
Exterior Details
Square Footage: 1616
Square Footage Source: $0
Green Sustainability
Security Features: Security Lights
Property Condition: Tear Down
Year Built Source: Public Records
Year Built: 1948
Waterfront Features: Creek
Levels: One
Other Structures: Shed(s), Storage
Window Features: Window Coverings
Construction Materials: Vertical Siding, Wood Siding
Patio and Porch Features: Covered, Front Porch, Patio
Pool Features: None
Lot Features: City Lot, Few Trees, Front Yard, Garden, Level, Near Public Transit, Wooded
Lot Size Area: 5963.36
Lot Size Units: Square Feet
Lot Size Acres: 0.1369
Lot Size Square Feet: 5963.36
Lot Size Dimensions: 50'X121'
Water Source: Public
Financial Details
Tax Map Number: 19
Tax Assessed Value: $253,493
Tax Annual Amount: $5,024
Utilities Details
Cooling Type: Wall/Window Unit(s)
Heating Type: None
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Trail(s)
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Govalle-Johnston Terrace
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Listed by: Allison Pflaum
Listed Office: Keller Williams Realty - Listing courtesy of Unlock MLS
Phone: (512) 312-1626
Last Updated: 2026-06-24 04:07:32
Data Source: Unlock MLS, MLS# ACT7760710
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Keller Williams Realty - Listing courtesy of Unlock MLS
Phone: (512) 312-1626
Last Updated: 2026-06-24 04:07:32
Data Source: Unlock MLS, MLS# ACT7760710
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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