2940 Eckert ST
About This Property
The existing home has 2 beds and 1 bath and is ready for you! The property's SF-3 zoning and lot size allow for great opportunity to explore a range of development possibilities and up to a 3-unit development! Location is the real star. Walk or bike to the restaurants, coffee shops, bars and neighborhood amenities along Airport Boulevard, Manor Road and in Cherrywood, while Mueller's extensive parks, trails, shopping, dining, Thinkery and entertainment are just minutes away. Also, the home is only half a mile from MLK Jr. Station for easy train commutes anywhere from Downtown to Leander!
Whether you're a developer looking for your next project, an investor searching for a value-add opportunity, or an owner-occupant ready to take on a transformation, 2940 Eckert St offers the location, lot and potential to make the investment worthwhile. The existing structure is being offered in its current condition and is best suited for buyers prepared to evaluate the property and pursue their own renovation or redevelopment plans.
**Buyer to independently verify all zoning, development regulations, building requirements, utilities, lot characteristics, restrictions and potential uses with the City of Austin and other applicable authorities. Zonability is an initial screening tool and is not a substitute for a formal feasibility study or due diligence.**
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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%.
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 23, 2026 | Price Decreased |
$300,000
↓ $50K
(14.3%) | |
| Price Decreased | |||
| Sep 12, 2026 | Price Decreased |
$350,000
↓ $35K
(9.1%) | |
| Price Decreased | |||
| Sep 4, 2026 | Listed by Compass RE Texas, LLC | $385,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017