4516 Pack Saddle PASS
About This Property
The home features two living areas, with the second offering the flexibility to serve as a home office, study, media room, or additional gathering space. An oversized garage provides excellent parking and storage, while a separate workshop and additional storage space add even more functionality.
Several important improvements have already been completed, including vinyl windows, a newer roof, wood laminate flooring, and foundation repairs performed by Bruechert Foundation with a transferable warranty. The home is ready for its next owner to bring their builder, designer, or remodeler and update the cosmetic finishes to complement today's lifestyle while preserving the home's mid-century character.
The generous corner lot provides plenty of space and a beautiful setting within Western Oaks. Whether you envision thoughtfully updating the existing design or creating a fresh interpretation of mid-century modern living, this property offers an excellent canvas with many of the important improvements already addressed.
Enjoy an established South Austin location with convenient access to shopping, dining, entertainment, major thoroughfares, and everything that makes this part of Austin so desirable. A wonderful opportunity to combine location, lot size, architectural character, flexible living spaces, and renovation potential in Western Oaks.
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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 |
|---|---|---|---|
| Aug 14, 2026 | In contract | - | |
| In contract | |||
| Jul 30, 2026 | Listed by Douglas Elliman Real Estate | $549,900 | |
| Listed by Douglas Elliman Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017