40
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3504 West Ave
About This Property
The home itself has seen a stunning modern transformation-it's a 1950s gem reborn with sophisticated finishes and a high-energy aesthetic. Bathed in natural light from oversized windows, strategically placed skylights, and solar tubes, the open interior features sleek LVP flooring and a kitchen anchored by a stunning waterfall quartzite natural stone island. Every corner feels intentional.
Designed for those who love to host, the layout flows seamlessly to the outdoor spaces in the front and back-a screened-in back patio and an al fresco front courtyard that's practically begging for sunset cocktails and neighborly conversation. The versatility continues with a detached studio in the backyard, perfect for a dedicated professional office or creative hobby space, while a custom Murphy bed in the main house is ready to accommodate guests without sacrificing square footage.
Beyond the style, there is incredible substance. This home was built for the future with a durable metal roof, fully paid-off solar panels, a recent AC replacement, and professional landscaping featuring synthetic turf for a lush, low-maintenance look year-round. It's a stunning evolution of mid-century soul and sustainable modern luxury, right in the heart of everything that makes Austin feel like home.
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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 |
|---|---|---|---|
| Nov 7, 2026 | Price Decreased |
$1,050,000
↓ $50K
(4.6%) | |
| Price Decreased | |||
| Oct 16, 2026 | Listed by Compass RE Texas, LLC | $1,100,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017