4607 Kitty Ave
About This Property
Step inside to discover a home that has been meticulously improved from the ground up. Major updates include full re-pipe of all plumbing ($70K), new roof, new mini-split heat pump system, several new windows, and a new sliding glass door with a redesigned opening. The owner also replaced most of the exterior siding with durable Hardie siding, restored a previously tiled-over bathroom window, and added soundproofing to select walls for enhanced comfort and privacy.
The home's flexible layout allows it to live as one spacious residence or be divided into two separate units-ideal for multigenerational living, a home office, guest suite, or income-producing rental. One side has performed well as a short-term or mid-term rental (Airbnb/Furnished Finder), averaging $99–$111 per night or $2,100/month.
Additional improvements include a converted carport to garage with a custom door, a climate-controlled art studio (converted from a wooden shed with power and wall-unit AC), and a kitchenette addition. The owner also added new electrical outlets for convenience throughout.
Outdoors, enjoy your private urban oasis with lush landscaping featuring native plants and mature trees, new privacy fencing along the sides and back with multiple gates, a decorative front fence and gate, and a wooden pergola perfect for relaxing or entertaining. A new front wooden deck welcomes you home and enhances curb appeal.
Located just minutes from Mueller, Downtown Austin, and East Austin's vibrant art, restaurant, and cafe scene, this property offers turnkey living, smart investment potential, and a peaceful retreat-all in one.
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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 |
|---|---|---|---|
| Jan 6, 2026 | In contract | - | |
| In contract | |||
| Dec 24, 2025 | Price Decreased |
$399,000
↓ $50K
(11.1%) | |
| Price Decreased | |||
| Nov 14, 2025 | Price Decreased |
$449,000
↓ $46K
(9.3%) | |
| Price Decreased | |||
| Oct 18, 2025 | Price Decreased |
$495,000
↓ $30K
(5.7%) | |
| Price Decreased | |||
| Oct 4, 2025 | Price Decreased |
$525,000
↓ $15K
(2.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017