3703 Thompson ST
About This Property
Both houses have been updated with new roofs, plumbing, and fixtures throughout. Previously on the market sighting back house foundation issues-now fully repaired. New foundation and subfloor, oak laminate flooring, new shower, mini-split, and much more make this chapel-esque retreat the perfect escape or private grounds for entertaining.
Situated on a large xeriscaped lot with no HOA, ideal for those seeking rental income, a separate workspace, in-law suite, or a flexible living setup. With easy airport access just minutes from downtown, Austin Community College, and local favorites like Austin Eastciders, Springdale General, Central Machine Works, and the exciting new Springdale Green development, this property offers the best of East Austin living. Join a vibrant community with warm and welcoming neighbors!
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 |
|---|---|---|---|
| Jul 1, 2025 | Delisted | - | |
| Delisted | |||
| Jun 24, 2025 | In contract | - | |
| In contract | |||
| May 8, 2025 | Listed by Kuper Sotheby's Int'l Realty | $599,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
| |||
|
This unique East Austin property offers two thoughtfully updated living spaces on one generous lot, ideal for a range of uses - live/work, multigenerational living, or income-producing rental. The 780 sq ft front house is a classic bungalow with two bedrooms, one full bath, open living and kitchen layout, and in-unit laundry. Updates include granite counters, stainless steel appliances, new fixtures, and a recently replaced roof. Tucked behind it, the 450 sq ft detached back house features high cathedral ceilings, open studio-style layout, a full kitchen, bathroom with walk-in shower, and its own washer/dryer. The back unit has undergone major improvements, including a new foundation and subfloor, new oak laminate flooring, updated shower, and mini-split HVAC. A xeriscaped courtyard connects the two homes, providing outdoor space that’s easy to maintain and ideal for relaxing or gathering. Both units have updated systems, appliances, and finishes, offering move-in-ready flexibility. Located minutes from downtown with quick access to the airport, Austin Community College, and some of East Austin’s best spots—Springdale General, Stargazer, Central Machine Works, and the growing Springdale Green corridor. No HOA. All appliances convey. A rare opportunity to own a flexible setup in one of Austin’s most vibrant neighborhoods.
| |||
| Dec 23, 2024 | No longer available | - | |
| No longer available | |||
| Nov 20, 2024 | Listed by Spyglass Realty | $649,000 | |
| Listed by Spyglass Realty | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017