$499,000
●
House -
For Sale
4600 Alf Ave
Austin, TX 78721
2 Beds
1 Bath
998 Ft²
$3,016
Est. Monthly
About This Property
Move-in ready and full of charm, this 2-bedroom, 1-bath home also
presents a rare development opportunity on a large corner lot in
one of East Austin's most desirable pockets. Inside, sun-filled
living spaces showcase warm wood floors, a functional layout, and a
dedicated formal dining room ideal for entertaining. The kitchen
stands out with patterned tile, stainless steel appliances, and a
farmhouse sink, while a separate laundry room adds everyday
convenience. Abundant natural light throughout creates a bright,
welcoming atmosphere.
Located minutes from downtown Austin, local coffee shops, restaurants, and neighborhood favorites, 4600 Alf Avenue offers the perfect balance of immediate comfort and long-term potential-whether you're looking for a turnkey home or your next development project.
Located minutes from downtown Austin, local coffee shops, restaurants, and neighborhood favorites, 4600 Alf Avenue offers the perfect balance of immediate comfort and long-term potential-whether you're looking for a turnkey home or your next development project.
Unit Size
998 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$500
Property Type
House
Property Taxes
$565
HOA Dues
-
Year Built
1946
Listed By
Michael Reisor
Douglas Elliman Real Estate
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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: 15 days ago (Unlock MLS #ACT2555026)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 11, 2026 | Listed by Compass RE Texas, LLC | $499,000 | |
| Listed by Compass RE Texas, LLC | |||
Property Highlights
Air Conditioning
Fireplace
With View
Parking Details
Has Open Parking
Parking Features: Concrete, Driveway, Unassigned, Unpaved
Interior Details
Full Bathrooms: 1
Interior Features: Ceiling Fan(s), Open Floorplan, No Interior Steps, Primary Bedroom on Main
Appliances: Dishwasher, Gas Cooktop, Gas Range, Oven, Free-Standing Gas Range, Stainless Steel Appliance(s), RNGHD
Flooring Type: Tile, Wood
Fireplace Features: None
Exterior Details
Square Footage: 998
Square Footage Source: $0
Green Sustainability
Security Features: Carbon Monoxide Detector(s), Security System Leased, Smoke Detector(s)
Property Condition: Resale
Year Built Source: Public Records
Year Built: 1946
Waterfront Features: None
Levels: One
Other Structures: None
Window Features: Wood Frames
Construction Materials: Cedar, Wood Siding
Patio and Porch Features: Front Porch, Porch
Pool Features: None
Lot Features: Corner Lot
Lot Size Area: 9718.24
Lot Size Units: Square Feet
Lot Size Acres: 0.2231
Lot Size Square Feet: 9718.24
Water Source: Public
Financial Details
Tax Map Number: 1
Tax Assessed Value: $331,325
Tax Annual Amount: $6,781
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
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
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Sold On
Sold On
HOA + Taxes
About East MLK
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Listed by: Michael Reisor
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2026-09-19 21:35:44
Data Source: Unlock MLS, MLS# ACT2555026
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2026-09-19 21:35:44
Data Source: Unlock MLS, MLS# ACT2555026
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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